Analysts’ Recommendations and Coverage


Analysts’ Recommendations

Latest update 12/9/2022

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
AlantraSell4.3529/7/202229/7/2022
AreteSell3.76/5/20226/5/2022
BarclaysEqual-weight4.71/8/20221/8/2022
BerenbergHold4.69/5/20229/5/2022
BernsteinMarket Perform4.630/5/202230/5/2022
BestinverBuy6.2514/7/202214/7/2022
BofABuy6.01/9/20221/9/2022
CaixaBankBuy5.615/6/202215/6/2022
CitiNeutral4.52/8/20222/8/2022
Credit SuisseNeutral4.686/7/20226/7/2022
Deutsche BankBuy6.425/7/202225/7/2022
Exane BNP ParibasUnderperform3.77/9/20227/9/2022
Goldman SachsNeutral4.518/8/202218/8/2022
GVC GaescoBuy6.028/7/202228/7/2022
HSBCHold4.24/4/20224/4/2022
JB Capital MarketsBuy6.0815/7/202215/7/2022
JefferiesUnderperform3.527/4/202227/4/2022
JP MorganUnderweight3.529/6/202229/6/2022
Kepler CheuvreuxHold4.212/5/202212/5/2022
MirabaudBuy5.0413/5/202213/5/2022
Morgan StanleyEqual-weight5.212/5/202212/5/2022
New StreetNeutral5.019/4/202219/4/2022
NextgenNeutral-3/8/20223/8/2022
OddoUnderperform4.819/7/202219/7/2022
SantanderOutperform5.81/8/20221/8/2022
Société GénéraleHold4.810/5/202210/5/2022

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
AreteAlex Pound
BarclaysMathieu Robilliard
BerenbergCarl Murdock-Smith
BernsteinStan Noel
BestinverIgnacio Arce
BofADavid Wright
CaixaBankAlfonso Enriquez
CitiGeorgios Ierodiaconou
Credit SuissePilar Vico
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 StreetRussell Waller
NextgenJustin Funnell
OddoStephane Beyazian
Renta 4Ivan San-Felix
RedburnNick Delfas
SabadellÁlvaro del Pozo
SantanderFernando Cordero Barreira
Société GénéraleOttavio Adorisio
UBSOndrej Cabejsek

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.