Telefonica (0TDE) was downgraded to a Sell Rating at Bank of America Securities
Telefonica received a Sell rating and a €3.40 price target from Bank of America Securities analyst David Wright yesterday. The company’s shares closed yesterday at €3.65.
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According to TipRanks, Wright is a 2-star analyst with an average return of 1.1% and a 57.32% success rate. Wright covers the Communication Services sector, focusing on stocks such as Vodafone, Liberty Global A, and Telefonica.
Currently, the analyst consensus on Telefonica is a Hold with an average price target of €4.05.
0TDE market cap is currently €20.58B and has a P/E ratio of -9.87.
Based on the recent corporate insider activity of 15 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.
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