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Deutsche Bank AG covered Telefonica (BME:TEF), raising its target price to 8.20EUR today

Telefonica (BME:TEF) had its target price raised to 8.20EUR by Deutsche Bank AG in a report released 11/26/2016. The new target price indicates a possible upside of 0.04% based on the company's last stock close price.

Previously on 11/24/2016, Kepler Cheuvreux reported about Telefonica (BME:TEF) raised the target price from 0.00EUR to 8.00EUR. At the time, this indicated a possible upside of 0.01%.

Yesterday Telefonica (BME:TEF) traded -0.24% lower at 7.89EUR. The company’s 50-day moving average is 9.46EUR and its 200-day moving average is 9.86EUR. The last stock close price is down -15.30% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 757,148 shares of the stock were exchanged, down from an average trading volume of 1,670,150

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Telefonica (BME:TEF)

Telefonica has a 52 week low of 8.33EUR and a 52 week high of 12.38EUR with a P/E ratio of 20.77 The company’s market cap is currently 0 EUR.

In addition to Deutsche Bank AG reporting its target price, a total of 1 broker has issued a report on Telefonica. The 12-month price target is 10.55EUR with zero analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero analysts rating the company a hold, one analyst rating the company a underperform, and lastly 0 firms rating the stock a sell.

About Telefonica (BME:TEF)

Telefonica, S.A. is an integrated and diversified telecommunications group operating in Europe and Latin America. The Company's services and products include Mobile business, Fixed-line telephony business and Digital services. The Company's segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica UK and Telefonica Hispanoamerica. These segments are engaged in activities relating to wireline, wireless, cable, data, Internet and television businesses and other digital services in accordance with each location. The Company offers various digital services, such as Video/Television services, e-Health services or telecare, Financial services and other payment services, Security services, Cloud computing services, Advertising, Big Data and Future Communications. It provides mobile voice services; value added services, including voice mail, call hold, call waiting, call forwarding and three-way calling, and mobile data and Internet services.

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