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BNP Paribas Upgrades Telefónica to Neutral Rating, Raises PT

MT Newswires·09/10/2026 08:34:17
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08:34 AM EDT, 09/10/2026 (MT Newswires) -- BNP Paribas on Wednesday upgraded telecommunications company Telefónica (TEF.MC) to neutral from an underperform rating and increased its price target to 3.80 euros from 3.20 euros. (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)