Goldman Sachs Reaffirms Their Buy Rating on Telefonica (0TDE)
In a report released yesterday, Andrew Lee from Goldman Sachs maintained a Buy rating on Telefonica, with a price target of €4.80. The company’s shares closed yesterday at €3.73.
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According to TipRanks, Lee is a 3-star analyst with an average return of 1.7% and a 52.23% success rate. Lee covers the Communication Services sector, focusing on stocks such as Vodafone, Airtel Africa Plc, and Telia Company AB.
Telefonica has an analyst consensus of Hold, with a price target consensus of €4.27.
0TDE market cap is currently €21.07B and has a P/E ratio of -10.10.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of 0TDE in relation to earlier this year.
