Berenberg Bank Sticks to Its Hold Rating for Telefonica (0TDE)
In a report released on January 9, from Berenberg Bank maintained a Hold rating on Telefonica, with a price target of €3.50. The company’s shares closed last Friday at €3.42.
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The word on The Street in general, suggests a Hold analyst consensus rating for Telefonica with a €3.75 average price target.
Based on Telefonica’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of €9.36 billion and a net profit of €276 million. In comparison, last year the company earned a revenue of €10.02 billion and had a net profit of €10 million
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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