ALANTRA EQUITIES Adjusts Telefónica, S.A. Rating from Sell to Neutral

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ALANTRA EQUITIES upgraded Telefónica, S.A. – Depositary Receipt (OTCPK:TELFY) from Sell to Neutral on September 16, 2026. This change follows a previous Sell rating maintained on July 12, 2026.

The current consensus price target for Telefónica stands at $4.70, with a median of $4.65, reflecting a slight decrease of -0.66% from $4.73 in February 2026. As of September 1, 2026, analyst sentiment includes 2 strong buy, 6 buy, 17 hold, 3 sell, and 1 strong sell recommendations, indicating a positive sentiment of 27.6% and a hold percentage of 58.6%.

Telefónica is headquartered in Madrid and is a leading telecommunications company in Europe and globally.

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