Analysts set EUR 3.80 target for Telefonica stock

Published on 10/13/2026 at 13:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Spain revenue rose 2.50 percent in first half of 2026. Telefonica stock costs EUR 3.24 on October 13, 2026, down 2.11 percent versus Xetra close.

Key points in brief

A four-house consensus dated October 9, 2026 puts Telefonica's 12-month target at EUR 3.80.
Spain revenue reached EUR 6.51 billion in the first half of 2026, up 2.50 percent year over year.
Telefonica stock costs EUR 3.24 at Lang & Schwarz on October 13, 2026 at 12:53 p.m. CEST, 2.11 percent below the Xetra close of October 12, 2026.
The next January to September 2026 results are scheduled for November 12, 2026, subject to change.

Aquarellmalerei der Madrider Skyline mit Bürotürmen bei Sonnenuntergang — Telefónica S.A. (ISIN ES0178430E18) hat ihren Hauptsitz in Madrid, dargestellt als stimmungsvolles Aquarellbild bei Abenddämmerung, Illustration mit AI erstellt.

Four analyst houses put a 12-month median target of EUR 3.80 on Telefonica stock on October 9, 2026, according to Boerse Express. The target stands 17.28 percent above the EUR 3.24 price at Lang & Schwarz, using the same currency. The stock was at EUR 3.24 on October 13, 2026 at 12:53 p.m. CEST, 2.11 percent below the Xetra close of October 12, 2026.

Spain revenue reaches EUR 6.51 billion

Telefonica Espana generated revenue of EUR 6.51 billion in the first half of 2026, up 2.50 percent from the same period a year earlier, according to Telefonica in its September 30, 2026 release. Adjusted EBITDA reached EUR 2.30 billion, an increase of 2.10 percent year over year.

Between April and June, revenue increased 2.90 percent and adjusted EBITDA rose 2.30 percent. The figures cover Spain rather than the consolidated group, making the domestic business the clearest operating growth signal in the available company update.

EUR 3.24 stays near the yearly low

The Lang & Schwarz price stands EUR 0.07 below the Xetra close of EUR 3.31 dated October 12, 2026. Its same-day range from the quote data runs from EUR 3.21 to EUR 4.63 over 52 weeks, leaving the current price EUR 0.03 above the low and EUR 1.39 below the high.

Telefonica's market capitalization is EUR 18.3 billion as of October 13, 2026. The reported price-to-earnings ratio is minus 5.59, while the trailing dividend yield is 0.08 percent. The valuation therefore combines a modest equity value with negative trailing earnings.

Results date set for November 12

Telefonica's investor calendar lists January to September 2026 results for November 12, 2026, described as a preliminary date subject to change, on its investor-relations page. That report should provide the next consolidated test of whether the Spanish growth trend is broadening across the group.

Comparison with peers

Telefonica: minus 2.11 percent, P/E minus 5.59, market capitalization EUR 18.3 billion
Orange (Euronext Paris, EUR): plus 0.95 percent, P/E 9.19, market capitalization EUR 36.9 billion
Vodafone Group (LSE, GBP): plus 1.59 percent, P/E minus 70.83, market capitalization GBP 27.3 billion

Price remains below the Xetra close

Telefonica was trading at EUR 3.24 at Lang & Schwarz on October 13, 2026 at 12:53 p.m. CEST, down 2.11 percent versus the Xetra close of October 12, 2026 at EUR 3.31. The further course of trading is shown by the continuously updated real-time quote of Telefonica stock.