Telefonica stock falls 2.63 percent pre-market; JP Morgan cuts target to EUR 3.20
Published on 10/26/2026 at 08:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTrading agenda for the week
- JP Morgan lowered its Telefónica price target to EUR 3.20.
- Telefónica plans to publish January-September 2026 results on November 12, 2026.
- Telefónica stock trades pre-market at EUR 3.33 at 7:57 a.m. CET at Lang & Schwarz on October 26, 2026, 2.63 percent below the Xetra close of October 23, 2026.
JP Morgan cut its Telefónica target from EUR 3.70 to EUR 3.20 and changed its recommendation from neutral to underweight in a note published on October 26, 2026, according to Zonebourse. Telefonica stock trades pre-market at EUR 3.33 at 7:57 a.m. CET at Lang & Schwarz on October 26, 2026, 2.63 percent below the Xetra close of October 23, 2026 (EUR 3.42).
JP Morgan changes its view
The reported analyst action lowers the target by EUR 0.50 and shifts the recommendation to underweight. The note was published at 6:00 a.m. on October 26, 2026, before the Xetra session, and identifies Telefónica, S.A. as the issuer. The company-specific report is available through Zonebourse.
Ahead of the Xetra open
The indication is EUR 0.09 below the reference level. The percentage move is calculated against the Xetra close of October 23, 2026; the bid was EUR 3.31 and the ask EUR 3.34 in the Lang & Schwarz data. The further course from the Xetra open at 9:00 a.m. CET/CEST is shown by the continuously updated real-time quote of Telefonica stock.
Telefónica business and calendar
Telefónica provides mobile, fixed-line and business telecommunications services and earns revenue from those connectivity offerings, as described by Zonebourse. Telefónica’s investor calendar lists publication of its January-September 2026 results for November 12, 2026, according to the company’s investor-relations page. Market context: Market report IBEX 35.
