Fintel reports that on September 16, 2026, ALANTRA EQUITIES upgraded their outlook for Telefónica, S.A. - Depositary Receipt (OTCPK:TELFY) (LSE:0A2Y) from Sell to Neutral.

This rating action follows a prior action by ALANTRA EQUITIES on July 12, 2026, when the firm maintained its Sell rating on the security, with both the from rating and to rating recorded as Sell.

Telefónica, S. A. is a Spanish multinational telecommunications company headquartered in Madrid. It is Europe's fourth most significant telecommunications company and the thirteenth worldwide. The Telefónica brand is reserved exclusively for the company's institutional role.

Separately from the individual rating by ALANTRA EQUITIES, aggregate consensus price target data for the company shows a current consensus target mean of $4.70 and a current consensus target median of $4.65 as of June 8, 2026. This represents a consensus target revision percent of -0.66% from the prior consensus target mean of $4.73 recorded on February 25, 2026.

In terms of broader analyst sentiment, the current recommendation period as of September 1, 2026, shows a total of 29 recommendations. This total consists of 2 strong buy, 6 buy, 17 hold, 3 sell, and 1 strong sell recommendations. These figures represent a current recommendation positive percent of 27.6%, a hold percent of 58.6%, and a negative percent of 13.8%. This compares to the prior recommendation period as of August 1, 2026, which had a total of 31 recommendations, including 1 strong buy, 3 buy, 18 hold, 7 sell, and 2 strong sell recommendations. The prior period's percentages were 12.9% positive, 58.1% hold, and 29.0% negative.

Recent analyst actions

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This story originally appeared on Fintel.