Telefónica, S.A. (BME:TEF)
Spain · Delayed Price · Currency is EUR 3.584
-0.018 (-0.50%)
Jul 31, 2026, 5:37 PM CET
Telefónica Stock Forecast
Stock Price Forecast
According to 22 analysts polled by S&P Global, Telefónica stock has a consensus rating of "Hold" and an average price target of €3.93. The average 1-year stock price forecast is 9.65% higher than the current stock price, while the lowest is €3.10 (-13.50%) and the highest is €4.70 (+31.14%).
Price Target: €3.93 (+9.65%)
Analyst Consensus: Hold
Price Target
ChartAnalyst Ratings
The average analyst rating for Telefónica stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 | Jul '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 13 | 13 | 13 | 13 | 14 | 14 |
| Sell | 2 | 2 | 2 | 2 | 2 | 2 |
| Strong Sell | 4 | 4 | 3 | 3 | 3 | 3 |
| Total | 22 | 22 | 21 | 21 | 22 | 22 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Hold Maintains €4.30 | Hold | Maintains | €4.30 | +19.98% | Jul 29, 2026 |
| Citi | Citi | Hold Reiterates €4.00 → €3.50 | Hold | Reiterates | €4.00 → €3.50 | -2.34% | Jul 17, 2026 |
| Barclays | Barclays | Hold Reiterates €4.00 → €3.80 | Hold | Reiterates | €4.00 → €3.80 | +6.03% | Jul 17, 2026 |
| Goldman Sachs | Goldman Sachs | Buy Reiterates €4.70 | Buy | Reiterates | €4.70 | +31.14% | May 29, 2026 |
| Kepler Capital | Kepler Capital | Hold Maintains €3.90 → €4.00 | Hold | Maintains | €3.90 → €4.00 | +11.61% | Apr 29, 2026 |
Financial Forecast
Revenue This Year
33.36B
from 35.95B
Decreased by -7.20%
Revenue Next Year
34.00B
from 33.36B
Increased by 1.93%
EPS This Year
0.34
from 0.33
Increased by 3.03%
EPS Next Year
0.39
from 0.34
Increased by 15.27%
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is EUR.