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Telefonica (TEF) Stock Forecast & Price Target

Telefonica logo
$3.81 0.00 (0.00%)
As of 09/18/2026
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Telefonica - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Reduce
Based on 6 Analyst Ratings
Sell
3
Hold
3
Buy
0

Based on 6 Wall Street analysts who have issued ratings for Telefonica in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 6 analysts, 3 have given a sell rating, and 3 have given a hold rating for TEF.

Consensus Price Target

$4.12
8.01% Upside
According to the 6 analysts' twelve-month price targets for Telefonica, the average price target is $4.12. The highest price target for TEF is $4.40, while the lowest price target for TEF is $3.83. The average price target represents a forecasted upside of 8.01% from the current price of $3.81.
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
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TEF Analyst Ratings Over Time

TypeCurrent Forecast
9/22/25 to 9/22/26		1 Month Ago
8/23/25 to 8/23/26		3 Months Ago
6/24/25 to 6/24/26		1 Year Ago
9/22/24 to 9/22/25
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
Hold
3 Hold rating(s)
2 Hold rating(s)
3 Hold rating(s)
2 Hold rating(s)
Sell
3 Sell rating(s)
4 Sell rating(s)
4 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$4.12$4.02$4.02N/A
Forecasted Upside8.01% Upside5.38% Upside5.38% UpsideN/A
Consensus RatingReduceSellSellReduce

TEF Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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TEF Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Telefonica Stock vs. The Competition

TypeTelefonicaCommunication Services CompaniesBroader Market
Consensus Rating Score
1.50
2.05
2.53
Consensus RatingReduceHoldModerate Buy
Predicted Upside8.01% Upside141.76% Upside18.02% Upside
News Sentiment Rating
Neutral News

See Recent TEF News
Positive News
Positive News
Export
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside		Details
9/9/2026
BNP Paribas Exane logo
BNP Paribas Exane
5 of 5 stars
 UpgradeNeutral$4.40+15.49%
8/21/2026
New Street Research logo
New Street Research
5 of 5 stars
 DowngradeReduce ➝ Sell
12/29/2025
Weiss Ratings logo
Weiss Ratings
5 of 5 stars
 Reiterated RatingSell (D)
12/5/2025
Kepler Capital Markets logo
Kepler Capital Markets
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 UpgradeStrong Sell ➝ Hold
12/4/2025
Bank of America Corporation logo
Bank of America
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 Reiterated RatingNeutral ➝ Underperform$3.83-8.26%
12/1/2025
Citigroup Inc. logo
Citigroup
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Carl Murdock-Smith
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DowngradeNeutral
6/26/2025
Berenberg Bank logo
Berenberg Bank
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P. Sidney
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UpgradeHold
5/16/2025
DZ Bank AG logo
DZ Bank
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Matthias Volkert
Matthias Volkert
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DowngradeHold ➝ Strong Sell
4/22/2025
Sanford C. Bernstein logo
Sanford C. Bernstein
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O. Adorisio
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Initiated CoverageMarket Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 06:56 AM ET.


Should I Buy Telefonica Stock? TEF Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, September 19, 2026. Please send any questions or comments about these Telefonica pros and cons to contact@marketbeat.com.

Telefonica
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Telefónica, S.A.:

  • Telefónica, S.A. offers a high dividend yield of 6.69%, which provides a significant income stream for investors seeking regular cash flow from their portfolio holdings.
  • The company recently raised its 2026 operating cash flow target following strong second-quarter results, driven by improved core profits in its key Spanish and Brazilian markets.
  • Telefónica, S.A. has secured a new agreement to distribute the DAZN LaLiga package, expanding its digital content offerings and strengthening its position in the media and entertainment sector.
  • With a beta of 0.29, the stock exhibits low volatility relative to the broader market, making it a potentially stable holding for investors looking to reduce overall portfolio risk.
  • Market rumors suggest that Telefónica, S.A. may be resuming negotiations to acquire Vodafone España, a move that could significantly enhance its market share and competitive standing in the Spanish telecommunications market.

Telefonica
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Telefónica, S.A. for these reasons:

  • The stock currently trades at $3.81, which is near its 52-week low of $3.80, indicating significant downward price pressure and a lack of recent momentum.
  • Analysts have assigned an average consensus rating of "Reduce" to the stock, with three sell ratings and three hold ratings, reflecting a generally negative outlook from financial professionals.
  • Telefónica, S.A. has a negative price-to-earnings ratio of -9.29, indicating that the company is currently reporting net losses rather than generating positive earnings for shareholders.
  • The company carries a high debt-to-equity ratio of 1.44, suggesting a substantial level of leverage that could constrain financial flexibility and increase risk during economic downturns.
  • Recent price action shows the stock crossed below its 50-day moving average in late January 2026, a technical indicator that often signals a weakening trend and potential for further declines.

TEF Forecast - Frequently Asked Questions

According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Telefonica is $4.12, with a high forecast of $4.40 and a low forecast of $3.83.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Telefonica in the last year. There are currently 3 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" TEF shares.

According to analysts, Telefonica's stock has a predicted upside of 8.01% based on their 12-month stock forecasts.

Over the previous 90 days, Telefonica's stock had 1 upgrade and 1 downgrade by analysts.

Telefonica has been rated by research analysts at BNP Paribas Exane, and New Street Research in the past 90 days.

Analysts like Telefonica less than other "communication services" companies. The consensus rating for Telefonica is Reduce while the average consensus rating for "communication services" companies is Hold. Learn more on how TEF compares to other companies.

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MarketBeat monitors more than a dozen sources for Telefonica analyst ratings, with the most recent rating issued on 9/9/2026.
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