Telefonica stock: J.P. Morgan sets EUR 3.70 target for Telefonica stock

Published on 10/19/2026 at 16:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due November 12, 2026. Telefonica stock costs EUR 3.37 on October 19, 2026, down 1.46 percent versus the Xetra close.

Analyst view and trading date

J.P. Morgan maintained a Hold rating and set a EUR 3.70 target on October 12, 2026.
Telefonica publishes January-September 2026 results on November 12, 2026.
Telefonica stock costs EUR 3.37 at Lang & Schwarz on October 19, 2026 at 3:42 p.m. CEST, 1.46 percent below the Xetra close of October 16, 2026.
Telefonica has a EUR 19.0 billion market capitalization and a 0.08 percent dividend yield as of October 19, 2026.

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.

Telefonica (ISIN ES0178430E18) drew a dated J.P. Morgan view on October 12, 2026, when analyst Akhil Dattani maintained a Hold rating and set a EUR 3.70 price target, according to Markets Insider. The target stood 9.79 percent above Telefonica's EUR 3.37 price at Lang & Schwarz at 3:42 p.m. CEST on October 19, 2026.

Analyst rating and target

The J.P. Morgan note puts the current quote below the EUR 3.70 target while retaining a Hold view. The external report also listed a EUR 3.95 average target across the cited consensus, but the individual J.P. Morgan target is the more specific reference for this market report.

Price position on October 19

Telefonica traded at EUR 3.37 at Lang & Schwarz at 3:42 p.m. CEST on October 19, 2026, down 1.46 percent from the Xetra close of October 16, 2026 at EUR 3.42. The quote was 27.21 percent below the 52-week high of EUR 4.63 and 4.98 percent above the 52-week low of EUR 3.21, with both levels measured on October 19, 2026. Year-to-date performance stood at minus 2.65 percent, while volume was 46,027 shares against an average of 47,330.

Valuation and the next date

Telefonica had a market capitalization of EUR 19.0 billion, a price-to-earnings ratio of minus 5.79 and a dividend yield of 0.08 percent as of October 19, 2026. The next scheduled corporate date is November 12, 2026, when the company publishes January-September 2026 results, according to Telefonica.

Comparison with peers

Telefonica: minus 1.46 percent, price-to-earnings ratio minus 5.79, market capitalization EUR 19.0 billion

Orange (Euronext Paris, EUR): minus 2.03 percent, price-to-earnings ratio 9.45, market capitalization EUR 37.9 billion

Vodafone (LSE, GBp): minus 1.15 percent, price-to-earnings ratio minus 72.37, market capitalization GBP 28.0 billion

Euro quote and outlook date

The combination of a EUR 3.70 target and a November 12 reporting date gives the stock two concrete reference points beyond its daily move. Telefonica's quote remained 27.21 percent below its 52-week high at 3:42 p.m. CEST on October 19, 2026.

The stock was trading at EUR 3.37 at Lang & Schwarz on October 19, 2026 at 3:42 p.m. CEST, 1.46 percent below the Xetra close of October 16, 2026 at EUR 3.42. The further course of trading is shown by the continuously updated real-time quote of Telefonica stock.