Analysts’ Recommendations and Coverage


Analysts’ Recommendations

Latest update 01/12/2021

Source: Bloomberg

Analysts’ target prices & recommendations

Analysts and banks that have updated and published full-year estimations in the last 6 months

BankRecommendationTarget price (€)Latest public researchLatest change of financial estimates
AlantraNeutral4.2929/11/202129/11/2021
AreteSell3.517/11/202117/11/2021
BarclaysUnderweight3.35/11/20215/11/2021
BerenbergHold4.322/11/202122/11/2021
BernsteinMarket Perform4.67/9/20217/9/2021
BestinverBuy4.626/10/202126/10/2021
BofABuy5.209/11/202109/11/2021
CaixaBankBuy5.37/10/20217/10/2021
CitiNeutral3.708/11/202108/11/2021
Credit SuisseNeutral3.808/11/202108/11/2021
Deutsche BankBuy6.401/11/202101/11/2021
Exane BNP ParibasUnderperform3.410/11/202110/11/2021
Goldman SachsNeutral4.209/11/202109/11/2021
HSBCHold4.008/11/202108/11/2021
JB Capital MarketsBuy5.9324/11/202124/11/2021
JefferiesUnderperform3.016/7/202116/7/2021
JP MorganUnderweight3.701/12/202101/12/2021
Kepler CheuvreuxHold4.008/11/202108/11/2021
MirabaudBuy5.730/7/202130/7/2021
Morgan StanleyEqual-weight4.6022/10/202122/10/2021
New StreetBuy5.07/7/20217/7/2021
NextgenUnderperform3.324/10/202124/10/2021
SantanderBuy5.402/8/20212/8/2021
Société GénéraleHold4.29/6/20219/6/2021

DISCLAIMER: Telefónica is currently followed by the firms listed above; this list may not be complete and subject to change. Please note that any opinions, estimates or forecasts regarding Telefónica’s performance made by the analysts at these firms are theirs alone and do not represent opinions, forecasts or predictions of Telefónica or its management. Telefónica does not by its reference above or distribution imply, and expressly disclaims, any endorsement of or concurrence with any information, estimates, forecasts, opinions, conclusions or recommendations provided by analysts.

This data, that is not under the obligation to disclose information required by the Comisión Nacional del Mercado de Valores (CNMV), is provided as a courtesy and for convenience and informational purposes only and is not intended to imply any endorsement of or provide any investment advice. Telefónica does not warrant or guarantee, and has not taken any steps to verify, the adequacy, accuracy or completeness of this data or and, under no circumstances, will be liable for any inaccuracies, omissions or defects in or from any of this data, or for any actions taken in reliance on any such data or information.

Analysts’ coverage

BankAnalyst
AlantraFernando Abril-Martorell
AreteCharlotte Perfect
BarclaysMathieu Robilliard
BerenbergCarl Murdock-Smith
BernsteinStan Noel
BestinverIgnacio Arce
BofADavid Wright
CaixaBankBorja Pagoaga
CitiGeorgios Ierodiaconou
Credit SuisseJakob Bluestone
Deutsche BankKeval Khiroya
Exane BNP ParibasJoshua Mills
Goldman SachsAndrew Lee; Yemi Falana
GVC GaescoJuan Peña
HSBCLuigi Minerva
JB Capital MarketsGerman García Bou
JefferiesJeremy A Dellis
JP MorganAkhil Dattani
Kepler CheuvreuxJavier Borrachero
MediobancaFabio Pavan
MirabaudJosé Ramón Ocina
Morgan StanleyNawar Cristini
New StreetSoomit Datta
NextgenJustin Funnell
Renta 4Ivan San-Felix
RedburnNick Delfas
SabadellAndrés Bolumburu
SantanderFernando Cordero Barreira
Société GénéraleOttavio Adorisio
UBSGiovanni Montalti

DISCLAIMER: Telefónica is covered by the analysts at the brokerage firms listed above. This list may not be complete and is subject to change. Please note that any opinions, estimates or forecasts regarding Telefónica’s performance made by these analysts are theirs alone and do not represent opinions, estimates or forecasts of Telefónica or its management. Telefónica does not by its reference above or distribution imply, and expressly disclaims, any endorsement of or concurrence with any information, estimates, forecasts, opinions, conclusions or recommendations provided by analysts.

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