Goldman Sachs Downgrades Telefonica S.A. (TEF) to Neutral

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July 23, 2018 4:45 AM EDT
Get Alerts TEF Hot Sheet
Price: $3.81 --0%

Rating Summary:
    4 Buy, 12 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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Goldman Sachs downgraded Telefonica S.A. (NYSE: TEF) from Buy to Neutral.

Analyst Joshua Mills steps to the sidelines citing a weaker growth outlook, increased business complexity, deteriorating LatAm macro environment and lacking catalysts to drive further upside.

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 $8.69 yesterday.


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