Telefónica, S.A. (BME:TEF)
Spain · Delayed Price · Currency is EUR 3.458
+0.047 (1.38%)
Nov 10, 2026, 2:04 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 €3.79. The average 1-year stock price forecast is 9.57% higher than the current stock price, while the lowest is €3.00 (-13.24%) and the highest is €4.90 (+41.70%).
Price Target: €3.79 (+9.57%)
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 | Jun '26 | Jul '26 | Aug '26 | Sep '26 | Oct '26 | Nov '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 1 | 2 | 2 | 2 | 2 | 2 |
| Hold | 14 | 13 | 13 | 14 | 12 | 12 |
| Sell | 2 | 2 | 2 | 1 | 3 | 3 |
| Strong Sell | 3 | 2 | 2 | 2 | 2 | 2 |
| Total | 22 | 21 | 21 | 21 | 21 | 21 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Sell Maintains €3.00 | Sell | Maintains | €3.00 | -13.24% | Oct 30, 2026 |
| Citi | Citi | Hold Maintains €3.50 → €3.20 | Hold | Maintains | €3.50 → €3.20 | -7.46% | Oct 29, 2026 |
| J.P. Morgan | J.P. Morgan | Sell Downgrades €3.20 | Sell | Downgrades | €3.20 | -7.46% | Oct 29, 2026 |
| Morgan Stanley | Morgan Stanley | Hold Maintains €4.30 → €3.80 | Hold | Maintains | €4.30 → €3.80 | +9.89% | Sep 17, 2026 |
| Goldman Sachs | Goldman Sachs | Buy Reiterates €4.90 | Buy | Reiterates | €4.90 | +41.70% | Sep 4, 2026 |
Financial Forecast
Revenue This Year
33.45B
from 35.95B
Decreased by -6.95%
Revenue Next Year
34.15B
from 33.45B
Increased by 2.09%
EPS This Year
0.35
from 0.33
Increased by 6.25%
EPS Next Year
0.40
from 0.35
Increased by 14.34%
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is EUR.