Deutsche Bank Downgrades Telefonica S.A. (TEF) to Hold; Lacking Catalysts
Tweet
Share
E-mailGet Alerts TEF Hot Sheet
Price: $3.81 --0%
Rating Summary:
4 Buy, 12 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 12 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Deutsche Bank downgraded Telefonica S.A. (NYSE: TEF) from Buy to Hold. PT lowered from €19.7 to €18.5.
Deutsche analyst says, "On reflection TEF's CMD lacked key catalysts and guidance leads us to decrease earnings and mid-term cash flow. We continue to appreciate TEF's longer-term prospects for growth and shareholder returns but near-term catalysts are limited and operational performance through H1 should be subdued."
For more ratings news on Telefonica S.A. click here and for the rating history of Telefonica S.A. click here.
Shares of Telefonica S.A. closed at $24.49 yesterday.
Deutsche analyst says, "On reflection TEF's CMD lacked key catalysts and guidance leads us to decrease earnings and mid-term cash flow. We continue to appreciate TEF's longer-term prospects for growth and shareholder returns but near-term catalysts are limited and operational performance through H1 should be subdued."
For more ratings news on Telefonica S.A. click here and for the rating history of Telefonica S.A. click here.
Shares of Telefonica S.A. closed at $24.49 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
- Deere (DE) PT Lowered to $570 at JPMorgan Ahead of Earnings
- Zeo Energy Corp (ZEO) Misses Q2 EPS by 7c
Create E-mail Alert Related Categories
DowngradesRelated Entities
Deutsche Bank, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
