Telefonica SA (MCE:TEF) has been assigned a €15.50 ($16.85) price objective by equities research analysts at Citigroup Inc. in a research report issued on Monday, MarketBeat.Com reports. The firm presently has a a “buy” rating on the stock.

Several other brokerages also recently issued reports on TEF. Goldman Sachs set a €14.50 ($15.76) target price on shares of Telefonica SA and gave the stock a “buy” rating in a research note on Thursday, November 5th. Morgan Stanley set a €13.50 ($14.67) target price on shares of Telefonica SA and gave the stock a “neutral” rating in a research note on Thursday, December 24th. Nord/LB set a €16.00 ($17.39) target price on shares of Telefonica SA and gave the stock a “buy” rating in a research note on Tuesday, November 10th. RBC Capital reiterated an “underperform” rating and issued a €12.00 ($13.04) target price on shares of Telefonica SA in a research note on Monday, December 21st. Finally, Independent Research GmbH set a €11.30 ($12.28) target price on shares of Telefonica SA and gave the stock a “buy” rating in a research note on Monday, January 18th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. Telefonica SA has a consensus rating of “Hold” and an average price target of €11.71 ($12.73).

Telefonica, S.A. is an integrated and diversified telecommunications group operating in Europe and Latin America. The Company operates the following segments: Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica UK and Telefonica Hispanoamerica. These segments are engaged in activities relating to wireline, wireless, cable, Internet, television businesses and other digital services in accordance with each location. The Company’s services and products include Mobile business, which offers mobile voice services, value added services, mobile data and Internet services, wholesale services, corporate services, roaming, fixed wireless, and trunking and paging; Fixed-line telephony business, which offers traditional fixed telecommunication services, Internet and broadband multimedia services, data and business-solutions services and wholesale services for telecommunication operators; and Digital services.

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