Analysts’ Recommendations and Coverage


Analysts’ Recommendations

Latest update 11/3/2024

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
AlantraNeutral4.0623/1/202423/1/2024
AreteNeutral3.8523/11/202323/11/2023
BarclaysEqual-weight4.8026/2/202426/2/2024
BerenbergHold3.31/11/20231/11/2023
BestinverBuy4.451/2/20241/2/2024
BofABuy4.6023/2/202423/2/2024
CaixaBankBuy4.4022/1/202422/1/2024
CitiNeutral3.619/10/202319/10/2023
Deutsche BankHold4.3015/2/202415/2/2024
Exane BNP ParibasUnderperform3.3022/2/202422/2/2024
Goldman SachsBuy4.904/12/20234/12/2023
GVC GaescoBuy5.023/2/202423/2/2024
HSBCUnderweight3.3020/10/202320/10/2023
JB Capital MarketsNeutral4.022/2/202422/2/2024
Kepler CheuvreuxHold3.8029/2/202429/2/2024
MirabaudHold3.9519/12/202319/12/2023
Morgan StanleyEqual-weight4.708/3/20248/3/2024
New StreetBuy4.8018/12/202318/12/2023
NextgenNeutral-26/2/202426/2/2024
OddoUnderperform4.108/11/20238/11/2023
SantanderOutperform4.6012/2/202412/2/2024
UBSNeutral3.98/1/20248/1/2024

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
BestinverIgnacio Arce
BofADavid Wright
Bryan, Garnier & CoThomas Coudry
CaixaBankAlfonso Enriquez
CitiGeorgios Ierodiaconou
Deutsche BankKeval Khiroya
Exane BNP ParibasJoshua Mills
Goldman SachsAndrew Lee
Sofija Rakicevic
GVC GaescoJuan Peña
HSBCLuigi Minerva
JB Capital MarketsJoão Pinto
JP MorganAkhil Dattani
Kepler CheuvreuxJavier Borrachero
MediobancaFabio Pavan
MirabaudJosé Ramón Ocina
Morgan StanleyNawar Cristini
New StreetJames Ratzer
NextgenJustin Funnell
OddoStephane Beyazian
Renta 4Ivan San-Felix
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.