Morgan Stanley Raises Telefonica SA to Equalweight (TEF)
Telefonica SA (NYSE: TEF) was upgraded by equities research analysts at Morgan Stanley (NYSE: MS) from an “underweight” rating to an “equalweight” rating in a research note issued to investors on Thursday.
A number of other firms have also recently commented on TEF. Analysts at Zacks reiterated a “neutral” rating on shares of Telefonica SA in a research note to investors on Tuesday. They now have a $13.00 price target on the stock. Analysts at UBS AG (NYSE: UBS) upgraded shares of Telefonica SA from a “sell” rating to a “neutral” rating in a research note to investors on Wednesday, April 11st.
Telefonica SA opened at 11.07 on Thursday. Telefonica SA has a 1-year low of $10.90 and a 1-year high of $24.82. The company has a market cap of $49.516 billion and a price-to-earnings ratio of 8.77.
Telefonica S.A. (Telefonica) together with its subsidiaries and investees operates in the telecommunications, media and contact center industries.