Telefónica, S.A. (BME:TEF)
Spain · Delayed Price · Currency is EUR 3.526
+0.050 (1.44%)
Jul 10, 2026, 5:35 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 €4.00. The average 1-year stock price forecast is 13.44% higher than the current stock price, while the lowest is €3.00 (-14.92%) and the highest is €5.00 (+41.80%).
Price Target: €4.00 (+13.44%)
Analyst Consensus: Hold
* Price targets were last updated on Jun 2, 2026.
Analyst 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 |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Hold Reiterates €4.00 | Hold | Reiterates | €4.00 | +13.44% | Jun 2, 2026 |
| Goldman Sachs | Goldman Sachs | Buy Reiterates €4.70 | Buy | Reiterates | €4.70 | +33.30% | May 29, 2026 |
| Kepler Capital | Kepler Capital | Hold Maintains €3.90 → €4.00 | Hold | Maintains | €3.90 → €4.00 | +13.44% | Apr 29, 2026 |
| Citi | Citi | Hold Maintains €3.70 → €4.00 | Hold | Maintains | €3.70 → €4.00 | +13.44% | Apr 27, 2026 |
| Deutsche Bank | Deutsche Bank | Sell Maintains €3.30 → €3.20 | Sell | Maintains | €3.30 → €3.20 | -9.25% | Mar 17, 2026 |
Financial Forecast
Revenue This Year
33.51B
from 35.95B
Decreased by -6.76%
Revenue Next Year
34.08B
from 33.51B
Increased by 1.69%
EPS This Year
0.34
from 0.33
Increased by 4.48%
EPS Next Year
0.39
from 0.34
Increased by 13.99%
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is EUR.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 34.2B | ||
| Avg | 33.5B | ||
| Low | 33.0B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | -4.9% | ||
| Avg | -6.8% | ||
| Low | -8.3% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 0.36 | ||
| Avg | 0.34 | ||
| Low | 0.32 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 9.1% | ||
| Avg | 4.5% | ||
| Low | -3.0% |