Rating Change: Analysts at Kepler Cheuvreux Kept the Same their “Hold” rating for Telefonica (BME:TEF). The Target Price per Share is Set to EUR 8.00

November 24, 2016 - By Louis Casey

Rating Change:  Analysts at Kepler Cheuvreux Kept the Same their

Telefonica (BME:TEF) Rating

The financial firm have set TP of EUR 8.00 on Telefonica (BME:TEF) shares. This is 0.63% from the last price. In a note shared with investors on Thursday morning, Kepler Cheuvreux maintained their “Hold” rating on shares of TEF.

Telefonica SA (BME:TEF) Ratings Coverage

Out of 14 analysts covering Telefonica (BME:TEF), 6 rate it a “Buy”, 4 “Sell”, while 4 “Hold”. This means 43% are positive. €16 is the highest target while €6.30 is the lowest. The €9.89 average target is 25.19% above today’s (€7.9) stock price. Telefonica has been the topic of 37 analyst reports since August 25, 2015 according to StockzIntelligence Inc. As per Tuesday, September 8, the company rating was maintained by Nomura. On Wednesday, April 6 the stock rating was downgraded by Nomura to “Reduce”. The firm has “Buy” rating given on Wednesday, April 20 by UBS. Citigroup upgraded the stock to “Buy” rating in Tuesday, February 2 report. Landesbank upgraded the stock to “Buy” rating in Wednesday, November 11 report. Berenberg maintained the stock with “Hold” rating in Tuesday, January 5 report. As per Thursday, November 24, the company rating was maintained by Kepler Cheuvreux. Credit Suisse downgraded Telefonica SA (BME:TEF) rating on Tuesday, October 20. Credit Suisse has “Underperform” rating and €10.50 price target. The firm has “Buy” rating given on Friday, December 11 by Goldman Sachs. As per Tuesday, September 27, the company rating was maintained by Goldman Sachs.

About 2.99 million shares traded hands. Telefonica SA (BME:TEF) has declined 24.32% since April 22, 2016 and is downtrending. It has underperformed by 29.73% the S&P500.

Analysts await Telefonica S.A. (ADR) (NYSE:TEF) to report earnings on February, 24. They expect $0.18 earnings per share, up 20.00% or $0.03 from last year’s $0.15 per share. TEF’s profit will be $915.48 million for 11.63 P/E if the $0.18 EPS becomes a reality. After $0.21 actual earnings per share reported by Telefonica S.A. (ADR) for the previous quarter, Wall Street now forecasts -14.29% negative EPS growth.

Telefonica, S.A. is an integrated and diversified telecommunications group operating in Europe and Latin America. The company has a market cap of 40.28 billion EUR. The Company’s services and products include Mobile business, Fixed-line telephony business and Digital services. It has a 1396.29 P/E ratio. The Company’s divisions include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica UK and Telefonica Hispanoamerica.

According to Zacks Investment Research, “Telefonica is the largest supplier of telecommunications services in the Spanish and Portuguese speaking world. They provide fixed-link public voice telephone, mobile phone service, internet access, data transmission, directories and broadcast media.”

TEF Company Profile

Telefonica, S.A., incorporated on April 19, 1924, is an integrated and diversified telecommunications group operating in Europe and Latin America. The Company’s services and products include Mobile business, Fixed-line telephony business and Digital services. The Company’s divisions include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica UK and Telefonica Hispanoamerica (formed by the Company’s operators in Argentina, Chile, Peru, Colombia, Mexico, Venezuela and Central America, Ecuador and Uruguay). These divisions are engaged in activities relating to wireline, wireless, cable, data, Internet and television (TV) businesses and other digital services in accordance with each location.

Another recent and important Telefonica SA (BME:TEF) news was published by Businesswire.com which published an article titled: “Viacom Acquires Televisión Federal S.A. (Telefe) in Argentina from Telefónica …” on November 15, 2016.

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