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   <title>Telefonica S.A. (TEF:SM) (TEF) PT Raised to EUR4 at Kepler Cheuvreux</title>
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   <description>Kepler Cheuvreux analyst Javier Borrachero raised the price target on Telefonica S.A. (TEF:SM) (NYSE: TEF) to EUR4.00  (from EUR3.90) while maintaining a Hold rating.</description>
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   <title>Telefonica S.A. (TEF:SM) (TEF) PT Raised to EUR4 at Kepler Cheuvreux</title>
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   <description>Kepler Cheuvreux analyst Javier Borrachero raised the price target on Telefonica S.A. (TEF:SM) (NYSE: TEF) to EUR4.00  (from EUR3.90) while maintaining a Hold rating.</description>
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   <title>Telefonica S.A. (TEF:SM) (TEF) PT Raised to EUR4 at Kepler Cheuvreux</title>
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   <description>Kepler Cheuvreux analyst Javier Borrachero raised the price target on Telefonica S.A. (TEF:SM) (NYSE: TEF) to EUR4.00  (from EUR3.90) while maintaining a Hold rating.</description>
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   <title>Telefonica S.A. (TEF:SM) (TEF) PT Raised to EUR4 at Kepler Cheuvreux</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/Telefonica+S.A.+%28TEF%3ASM%29+%28TEF%29+PT+Raised+to+EUR4+at+Kepler+Cheuvreux/26386474.html</link>
   <description>Kepler Cheuvreux analyst Javier Borrachero raised the price target on Telefonica S.A. (TEF:SM) (NYSE: TEF) to EUR4.00  (from EUR3.90) while maintaining a Hold rating.</description>
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   <title>Telefonica S.A. (TEF:SM) (TEF) PT Raised to EUR4 at Barclays</title>
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   <description>&lt;p&gt;Barclays analyst Mathieu Robilliard raised the price target on Telefonica S.A. (TEF:SM) (NYSE: TEF) to EUR4.00 (from EUR3.80) while maintaining a Equalweight rating.&lt;/p&gt;&lt;p&gt;The analyst commented, &quot;We update our model ahead of 1Q26 results for the latest forex with Brazil being a notable tailwind. We remain EW but increase our PT by +5% to €4.0. Telefonica (EW – new €4.0, was €3.8). We update our estimates ahead of 1Q26E results for the latest forex with notably an appreciation of the BRL vs. the EUR by c. +2.5% since our last update. We also exclude Mexico from our estimates as the company</description>
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   <pubDate>Mon, 27 Apr 2026 16:05:00 -0400</pubDate>
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   <title>Telefonica S.A. (TEF:SM) (TEF) PT Raised to EUR4 at Barclays</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Telefonica+S.A.+%28TEF%3ASM%29+%28TEF%29+PT+Raised+to+EUR4+at+Barclays/26374568.html</link>
   <description>&lt;p&gt;Barclays analyst Mathieu Robilliard raised the price target on Telefonica S.A. (TEF:SM) (NYSE: TEF) to EUR4.00 (from EUR3.80) while maintaining a Equalweight rating.&lt;/p&gt;&lt;p&gt;The analyst commented, &quot;We update our model ahead of 1Q26 results for the latest forex with Brazil being a notable tailwind. We remain EW but increase our PT by +5% to €4.0. Telefonica (EW – new €4.0, was €3.8). We update our estimates ahead of 1Q26E results for the latest forex with notably an appreciation of the BRL vs. the EUR by c. +2.5% since our last update. We also exclude Mexico from our estimates as the company</description>
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   <pubDate>Mon, 27 Apr 2026 16:05:00 -0400</pubDate>
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   <title>Telefonica S.A. (TEF:SM) (TEF) PT Raised to EUR4 at Barclays</title>
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   <description>&lt;p&gt;Barclays analyst Mathieu Robilliard raised the price target on Telefonica S.A. (TEF:SM) (NYSE: TEF) to EUR4.00 (from EUR3.80) while maintaining a Equalweight rating.&lt;/p&gt;&lt;p&gt;The analyst commented, &quot;We update our model ahead of 1Q26 results for the latest forex with Brazil being a notable tailwind. We remain EW but increase our PT by +5% to €4.0. Telefonica (EW – new €4.0, was €3.8). We update our estimates ahead of 1Q26E results for the latest forex with notably an appreciation of the BRL vs. the EUR by c. +2.5% since our last update. We also exclude Mexico from our estimates as the company</description>
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   <pubDate>Mon, 27 Apr 2026 16:05:00 -0400</pubDate>
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   <title>Telefonica S.A. (TEF:SM) (TEF) PT Raised to EUR4 at Barclays</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/Telefonica+S.A.+%28TEF%3ASM%29+%28TEF%29+PT+Raised+to+EUR4+at+Barclays/26374568.html</link>
   <description>&lt;p&gt;Barclays analyst Mathieu Robilliard raised the price target on Telefonica S.A. (TEF:SM) (NYSE: TEF) to EUR4.00 (from EUR3.80) while maintaining a Equalweight rating.&lt;/p&gt;&lt;p&gt;The analyst commented, &quot;We update our model ahead of 1Q26 results for the latest forex with Brazil being a notable tailwind. We remain EW but increase our PT by +5% to €4.0. Telefonica (EW – new €4.0, was €3.8). We update our estimates ahead of 1Q26E results for the latest forex with notably an appreciation of the BRL vs. the EUR by c. +2.5% since our last update. We also exclude Mexico from our estimates as the company</description>
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   <title>Telefonica S.A. (TEF:SM) (TEF) PT Raised to EUR4 at Barclays</title>
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   <description>&lt;p&gt;Barclays analyst Mathieu Robilliard raised the price target on Telefonica S.A. (TEF:SM) (NYSE: TEF) to EUR4.00 (from EUR3.80) while maintaining a Equalweight rating.&lt;/p&gt;&lt;p&gt;The analyst commented, &quot;We update our model ahead of 1Q26 results for the latest forex with Brazil being a notable tailwind. We remain EW but increase our PT by +5% to €4.0. Telefonica (EW – new €4.0, was €3.8). We update our estimates ahead of 1Q26E results for the latest forex with notably an appreciation of the BRL vs. the EUR by c. +2.5% since our last update. We also exclude Mexico from our estimates as the company</description>
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   <title>Telefonica S.A. (TEF:SM) (TEF) PT Raised to EUR4 at Barclays</title>
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   <description>&lt;p&gt;Barclays analyst Mathieu Robilliard raised the price target on Telefonica S.A. (TEF:SM) (NYSE: TEF) to EUR4.00 (from EUR3.80) while maintaining a Equalweight rating.&lt;/p&gt;&lt;p&gt;The analyst commented, &quot;We update our model ahead of 1Q26 results for the latest forex with Brazil being a notable tailwind. We remain EW but increase our PT by +5% to €4.0. Telefonica (EW – new €4.0, was €3.8). We update our estimates ahead of 1Q26E results for the latest forex with notably an appreciation of the BRL vs. the EUR by c. +2.5% since our last update. We also exclude Mexico from our estimates as the company</description>
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   <title>Telefonica S.A. (TEF:SM) (TEF) PT Lowered to EUR3.20 at Deutsche Bank</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Telefonica+S.A.+%28TEF%3ASM%29+%28TEF%29+PT+Lowered+to+EUR3.20+at+Deutsche+Bank/26169299.html</link>
   <description>Deutsche Bank analyst Keval Khiroya lowered the price target on Telefonica S.A. (TEF:SM) (NYSE: TEF) to EUR3.20  (from EUR3.30) while maintaining a Sell rating.</description>
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   <pubDate>Tue, 17 Mar 2026 04:36:36 -0400</pubDate>
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   <title>Telefonica S.A. (TEF:SM) (TEF) PT Lowered to EUR3.20 at Deutsche Bank</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Telefonica+S.A.+%28TEF%3ASM%29+%28TEF%29+PT+Lowered+to+EUR3.20+at+Deutsche+Bank/26169299.html</link>
   <description>Deutsche Bank analyst Keval Khiroya lowered the price target on Telefonica S.A. (TEF:SM) (NYSE: TEF) to EUR3.20  (from EUR3.30) while maintaining a Sell rating.</description>
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   <title>Telefonica S.A. (TEF:SM) (TEF) PT Lowered to EUR3.20 at Deutsche Bank</title>
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   <description>Deutsche Bank analyst Keval Khiroya lowered the price target on Telefonica S.A. (TEF:SM) (NYSE: TEF) to EUR3.20  (from EUR3.30) while maintaining a Sell rating.</description>
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   <description>Deutsche Bank analyst Keval Khiroya lowered the price target on Telefonica S.A. (TEF:SM) (NYSE: TEF) to EUR3.20  (from EUR3.30) while maintaining a Sell rating.</description>
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   <description>Barclays analyst Mathieu Robilliard raised the price target on Telefonica S.A. (TEF:SM) (NYSE: TEF) to EUR3.80  (from EUR3.70) while maintaining a Equalweight rating.</description>
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   <description>Barclays analyst Mathieu Robilliard raised the price target on Telefonica S.A. (TEF:SM) (NYSE: TEF) to EUR3.80  (from EUR3.70) while maintaining a Equalweight rating.</description>
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   <description>Barclays analyst Mathieu Robilliard raised the price target on Telefonica S.A. (TEF:SM) (NYSE: TEF) to EUR3.80  (from EUR3.70) while maintaining a Equalweight rating.</description>
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   <description>Barclays analyst Mathieu Robilliard raised the price target on Telefonica S.A. (TEF:SM) (NYSE: TEF) to EUR3.80  (from EUR3.70) while maintaining a Equalweight rating.</description>
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   <description>Citi analyst Carl Murdock-Smith lowered the price target on Telefonica S.A. (TEF:SM) (NYSE: TEF) to EUR3.70  (from EUR3.90) while maintaining a Neutral rating.</description>
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   <description>Citi analyst Carl Murdock-Smith lowered the price target on Telefonica S.A. (TEF:SM) (NYSE: TEF) to EUR3.70  (from EUR3.90) while maintaining a Neutral rating.</description>
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   <description>Citi analyst Carl Murdock-Smith lowered the price target on Telefonica S.A. (TEF:SM) (NYSE: TEF) to EUR3.70  (from EUR3.90) while maintaining a Neutral rating.</description>
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   <title>Telefonica S.A. (TEF:SM) (TEF) PT Lowered to EUR3.70 at Citi</title>
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   <description>Citi analyst Carl Murdock-Smith lowered the price target on Telefonica S.A. (TEF:SM) (NYSE: TEF) to EUR3.70  (from EUR3.90) while maintaining a Neutral rating.</description>
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