Telefonica (TEF)

Currency in EUR
3.6750
+0.0080(+0.22%)
Real-time Data·
High dividend Yield
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Fair Value
Day's Range
3.67003.6800
52 wk Range
3.23604.6850
Key Statistics
Prev. Close
3.667
Open
3.67
Day's Range
3.67-3.68
52 wk Range
3.236-4.685
Volume
-
Average Vol. (3m)
10.22M
1-Year Change
-24.9335%
Book Value / Share
2.61
Fair Value
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Fair Value Upside
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TEF Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
3.9591
Upside
+7.73%
Members' Sentiments
Bearish
Bullish
ProTips
Valuation implies a strong free cash flow yield

Telefonica News & Analysis

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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Sell
Technical Indicators
Strong Sell
Moving Averages
Strong Sell

Analyst Ratings

4 Buy
13 Hold
4 Sell
Ratings:
21 analysts
Overall Consensus
Neutral

Analysts 12-Month Price Target:

Average 3.9591
(+7.73% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
UBS
Hold3.90+6.35%3.70MaintainAug 07, 2026
Barclays
Hold3.90+6.35%3.80MaintainAug 03, 2026
Citi
Hold3.50-4.55%4.00MaintainJul 17, 2026
Barclays
Hold3.80+3.63%4.00MaintainJul 16, 2026
Kepler Cheuvreux
Hold4.00+9.08%3.90MaintainApr 29, 2026

Telefonica Earnings Call Summary for Q2/2026

  • Telefónica raised 2026 operating cash flow guidance to above 3% from above 2%, while maintaining EBITDA growth target at 1.5%-2.5%.
  • Q2 adjusted EBITDA rose 2.7% and operating cash flow after leases increased 2.9%; net debt fell to €25.3B with leverage at 2.68x.
  • Revenue growth slowed due to 26% drop in German handset sales; Spain and Brazil remained growth engines offsetting weakness elsewhere.
  • Shares fell 1.5% to $3.67 despite improved cash generation; company targets 2.5x net debt-to-EBITDA ratio by 2028.
  • Management cited Transform & Grow plan progress; VMO2 leverage remains elevated at 5.8x EBITDA, above target range.
Last Updated: 07/29/2026, 05:14 AM
Read Full Transcript
Telefonica investor slides for Q2/2026
Telefónica Q2 2026 slides
Last Update: Jul 29, 2026
See full investor slides

Earnings

Latest Release
Jul 29, 2026
EPS / Forecast
0.07 / 0.10
Revenue / Forecast
8.27B / 8.3B
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS -0.51%
Dividend Yield
6.63%
Industry Median 4.62%
Annualized Payout
0.24
Paid unevenly
5-Years Growth
-22.83%
Growth Streak

TEF Income Statement

Compare TEF to Peers and Sector

Metrics to compare
TEF
Peers
Sector
Relationship
P/E Ratio
−8.2x10.0x6.4x
PEG Ratio
0.25−0.080.01
Price / Book
1.4x1.6x1.8x
Price / LTM Sales
0.6x1.1x1.3x
Upside (Analyst Target)
7.5%12.8%29.4%
Fair Value Upside
Unlock26.7%16.9%Unlock

Telefónica, S.A., together with its subsidiaries, provides telecommunications services in Spain, Brazil, Germany, and the United Kingdom. The company offers digital services for residential customers, such as entertainment, home connectivity and security; and advanced solutions for businesses and public administrations, including cloud, cybersecurity, IoT, artificial intelligence, and professional services. It also provides wholesale services to other operators; fixed and wireless telephony services. It is also involved in the wholesale commercialization of a fiber-to-the-home network; and manages borrowing activities. In addition, the company offers ecosystem services, such as devices, health, insurance, video content, solar energy, alarm systems, advertising, financial services and education, etc.; traffic, connection fees, regular network usage fees, interconnection, network and equipment leasing, and handset sales; and other digital services comprising Pay TV and value-added services. Telefónica, S.A. was incorporated in 1924 and is based in Madrid, Spain.

Employees
74427
Market
Spain

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
841.25M14.95%3.11B
Other Institutional Investors
2.00B35.56%7.40B
Public Companies & Retail Investors
2.79B49.49%10.30B
Total
5.63B100.00%20.81B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
Sociedad Estatal de Participaciones Industriales10.07%567,016,1552,096,259
Criteria Caixa, S.A.10.06%566,449,1392,094,162

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FAQ

What Is the Telefonica (TEF) Stock Price Today?

The Telefonica stock price today is 3.6750 EUR.

What Stock Exchange Does Telefonica Trade On?

Telefonica is listed and trades on the Madrid Stock Exchange.

What Is the Stock Symbol for Telefonica?

The stock symbol for Telefonica is "TEF."

Does Telefonica Pay Dividends? What’s The Current Dividend Yield?

The Telefonica dividend yield is 6.63%.

What Is the Telefonica Market Cap?

As of today, Telefonica market cap is 20.6400B EUR.

What Is Telefonica's Earnings Per Share (TTM)?

The Telefonica EPS (TTM) is -0.5144.

When Is the Next Telefonica Earnings Date?

Telefonica will release its next earnings report on Nov 12, 2026.

From a Technical Analysis Perspective, Is TEF a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Neutral.

How Many Times Has Telefonica Stock Split?

Telefonica has split 16 times.

How Many Employees Does Telefonica Have?

Telefonica has 74427 employees.

What is the current trading status of Telefonica (TEF)?

As of Aug 21, 2026, Telefonica (TEF) is trading at a price of 3.6750 EUR, with a previous close of 3.6670 EUR. The stock has fluctuated within a day range of 3.6700 EUR to 3.6800 EUR, while its 52-week range spans from 3.2360 EUR to 4.6850 EUR.

What Is Telefonica (TEF) Price Target According to Analysts?

The average 12-month price target for Telefonica is 3.9591 EUR, with a high estimate of 5 EUR and a low estimate of 3.1 EUR. 4 analysts recommend buying the stock, while 4 suggest selling, leading to an overall rating of Neutral. The stock has an +7.73% Upside potential.
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