After a 2023 that was not very productive in the stock market for Telefónica, during 2024 the telecom company is gradually reaping and, more importantly, consolidating, levels that it had long considered lost.
The 4 euros is one of them. The telecom said goodbye to this figure at the end of the summer of 2022 to recover it in this April and consolidate it in the months that followed, since it has not lost said level since then in any session at the end of 2024.
So far this year, Telefónica has gained more than 25% on the stock market and has shown a positive trend in the last 4 sessions, which has closed consecutively upwards, which indicates that the value of Telefónica shares has been increasing. increasing steadily in recent days.
With this, at the beginning of June it is moving around 4.4 euros, a figure that could increase in the medium term if we take into account the analysts’ option.
Thus, if yesterday they were those of Bankinter those who maintained their recommendation to buy Telefónica and raised the price to 4.70 euros, today they are those of Landesbank Baden-Wuerttemberg those who do the same. The German house sees Telefónica shares at the same level as Bankinter, in the 4.70 euros, which represents a twelve-month potential of 6.8%. Of course, when reviewing its valuation, Landesbank Baden-Wuerttemberg recommends holding rather than buying the stock.
For his part, in his analysis yesterday week, the analyst Antonio Espín indicated that Telefónica is strong and “it could have an upward escape in the short term and see it near the 4.60-4.70 area.”
