Rating of The Day: Is Deutsche Bank AG Very Negative For Telefonica (BME:TEF) After Its Downgrade? The TP is EUR 8.20

November 28, 2016 - By Peter Erickson

Rating of The Day:  Is Deutsche Bank AG Very Negative For Telefonica (BME:TEF) After Its Downgrade? The TP is EUR 8.20

Telefonica (BME:TEF) Downgrade

Expert analysts at Deutsche Bank AG’s equities division downgraded Telefonica (BME:TEF)‘s stock to a Sell on 27 November. The expert analysts at Deutsche Bank AG have a TP of EUR 8.20 on TEF or 3.93% more upside.

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 24.40% above today’s (€7.95) stock price. Telefonica has been the topic of 38 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The rating was upgraded by Independent Research on Saturday, April 30 to “Buy”. The company was upgraded on Friday, September 11 by HSBC. The stock of Telefonica SA (BME:TEF) earned “Outperform” rating by Macquarie Research on Saturday, January 23. Landesbank upgraded the stock to “Buy” rating in Wednesday, May 11 report. Goldman Sachs upgraded Telefonica SA (BME:TEF) on Friday, December 11 to “Buy” rating. The firm has “Underperform” rating given on Tuesday, October 20 by Credit Suisse. The firm has “Hold” rating given on Thursday, November 24 by Kepler Cheuvreux. The stock of Telefonica SA (BME:TEF) earned “Buy” rating by Landesbank on Thursday, August 18. Nomura maintained the stock with “Neutral” rating in Tuesday, September 8 report. The company was upgraded on Friday, November 6 by Goldman Sachs.

About 4.26 million shares traded hands. Telefonica SA (BME:TEF) has declined 23.88% since April 25, 2016 and is downtrending. It has underperformed by 29.90% 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 $914.66 million for 11.60 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 40.52 billion EUR. The Company’s services and products include Mobile business, Fixed-line telephony business and Digital services. It has a 1404.59 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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