Goldman Sachs Grants Telefónica a 34% Bullish Potential

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Goldman Sachs grants Telefónica a 34% bullish potential

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Goldman Sachs keeps Telefónica among its favorite values within the European telecommunications sector and sees a 34% upward path for its shares. The US entity has reiterated its recommendation of purchase and has established an objective price of 4.90 euros per title, relying especially on the prospects of the businesses of Spain and Brazil. The analysis of the bank points to a stage of recovery and value generation for European telecommunicati…

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The US firm has set an objective price of €4.90 per share.