Bernstein initiated coverage of Telefonica (TEF) with a Market Perform rating and EUR 4 price target The firm says the shake-up in the company’s shareholder structure and an ongoing reshuffle of the top management team “has sent TEF’s equity story into limbo.” For the share price to turn a corner, structural issues need to be addressed, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TEF:
- Telefonica sells Peruvian unit to Integra Tec for $1.02M, Reuters says
- Telefonica price target lowered to EUR 3 from EUR 3.20 at Deutsche Bank
- Telefónica Reports Strong 2024 Financial Performance
- Telefonica’s Earnings Call Highlights Growth and Challenges
- Telefonica’s Mixed Financial Signals Justify Hold Rating Amid Strategic Uncertainty