Goldman Sachs Downgrades Telefonica S.A. (TEF) to Sell
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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
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Goldman Sachs downgraded Telefonica S.A. (NYSE: TEF) from Neutral to Sell saying they forecast another organic EBITDA decline in 2012 and little growth thereafter.
The firm cited long lasting structural pain in Spain, increasing pressures in Brazil, and inflationary risks in Venezuela/Argentina.
For an analyst ratings summary and ratings history on Telefonica S.A. click here. For more ratings news on Telefonica S.A. click here.
Shares of Telefonica S.A. closed at $17.24 yesterday.
The firm cited long lasting structural pain in Spain, increasing pressures in Brazil, and inflationary risks in Venezuela/Argentina.
For an analyst ratings summary and ratings history on Telefonica S.A. click here. For more ratings news on Telefonica S.A. click here.
Shares of Telefonica S.A. closed at $17.24 yesterday.
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