Telefonica (TEF.MC) Stock Price

Telefonica Price

BME·CLOSED
3.66EUR-0.02 (-0.52 %)
Market closed

Revenue at Telefonica has contracted by 2.1% per year over the past 19 years to 35.12 B EUR. Earnings per share have declined at 7.8% per year over the last 16 years. For Telefonica, the net margin of -12.3% is down versus 20.7% a few years ago. At today's price the dividend yield works out to roughly 8.19%. The consensus 12-month price target for Telefonica is 4.03 EUR, about 10.0% above where the stock trades today. Of 32 analysts, 4 rate the stock a buy — an overall Hold consensus. The stock trades about 13% above its 52-week low.

Telefonica stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Telefonica over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Telefonica stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Telefonica's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Telefonica Stock Price History
DateTelefonica Price
8/17/20263.66 EUR
8/14/20263.68 EUR
8/13/20263.67 EUR
8/12/20263.65 EUR
8/11/20263.67 EUR
8/10/20263.64 EUR
8/7/20263.67 EUR
8/6/20263.70 EUR
8/5/20263.61 EUR
8/4/20263.68 EUR
7/31/20263.58 EUR
7/30/20263.59 EUR
7/29/20263.66 EUR
7/28/20263.76 EUR
7/27/20263.66 EUR
7/24/20263.60 EUR
7/23/20263.68 EUR
7/22/20263.62 EUR
7/21/20263.55 EUR
7/20/20263.58 EUR
7/17/20263.66 EUR
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7/13/20263.61 EUR
7/10/20263.53 EUR
7/9/20263.48 EUR
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6/30/20263.52 EUR
6/29/20263.59 EUR
6/26/20263.65 EUR
6/25/20263.67 EUR
6/24/20263.68 EUR
6/23/20263.69 EUR
6/22/20263.60 EUR
6/19/20263.69 EUR
6/18/20263.68 EUR
6/17/20263.71 EUR
6/16/20263.76 EUR
6/15/20263.97 EUR
6/12/20263.92 EUR
6/11/20263.93 EUR
6/10/20263.88 EUR
6/9/20263.87 EUR
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6/5/20263.95 EUR
6/4/20263.94 EUR
6/3/20263.98 EUR
6/2/20264.02 EUR
6/1/20263.96 EUR
5/29/20263.98 EUR
5/28/20263.96 EUR
5/27/20263.98 EUR
5/26/20264.02 EUR
5/25/20264.07 EUR
5/22/20264.09 EUR
5/21/20264.09 EUR
5/20/20264.07 EUR
5/19/20264.10 EUR
5/18/20264.03 EUR
5/15/20263.94 EUR
5/14/20264.04 EUR
5/13/20263.82 EUR
5/12/20263.84 EUR
5/11/20263.88 EUR
5/8/20263.88 EUR
5/7/20263.87 EUR
5/6/20263.91 EUR
5/5/20263.86 EUR
5/4/20263.83 EUR
4/30/20263.86 EUR
4/29/20263.80 EUR
4/28/20263.81 EUR
4/27/20263.80 EUR
4/24/20263.88 EUR
4/23/20263.89 EUR
4/22/20263.78 EUR
4/21/20263.91 EUR
4/20/20263.88 EUR
4/17/20263.87 EUR
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4/14/20263.81 EUR
4/13/20263.79 EUR
4/10/20263.84 EUR
4/9/20263.84 EUR
4/8/20263.90 EUR
4/7/20263.88 EUR
4/2/20263.85 EUR
4/1/20263.81 EUR
3/31/20263.80 EUR
3/30/20263.77 EUR
3/27/20263.67 EUR
3/26/20263.66 EUR
3/25/20263.72 EUR
3/24/20263.68 EUR
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3/20/20263.58 EUR
3/19/20263.63 EUR
3/18/20263.67 EUR
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3/11/20263.51 EUR
3/10/20263.62 EUR
3/9/20263.58 EUR
3/6/20263.67 EUR
3/5/20263.60 EUR
2/27/20263.81 EUR
2/26/20263.66 EUR
2/25/20263.71 EUR
2/23/20263.65 EUR
2/20/20263.58 EUR
2/19/20263.58 EUR
2/18/20263.64 EUR
2/17/20263.67 EUR
2/16/20263.68 EUR
2/13/20263.69 EUR
2/12/20263.68 EUR
2/11/20263.62 EUR
2/10/20263.61 EUR
2/9/20263.61 EUR
2/6/20263.61 EUR
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2/3/20263.46 EUR
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1/30/20263.41 EUR
1/29/20263.40 EUR
1/28/20263.38 EUR
1/27/20263.35 EUR
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1/22/20263.31 EUR
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1/20/20263.30 EUR
1/19/20263.33 EUR
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12/31/20253.50 EUR
12/30/20253.49 EUR
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12/24/20253.45 EUR
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12/22/20253.39 EUR
12/19/20253.44 EUR
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12/15/20253.66 EUR
12/12/20253.70 EUR
12/11/20253.66 EUR
12/10/20253.64 EUR
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12/5/20253.68 EUR
12/4/20253.65 EUR
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12/1/20253.69 EUR
11/28/20253.75 EUR
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11/26/20253.72 EUR
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11/24/20253.68 EUR
11/21/20253.67 EUR
11/20/20253.62 EUR
11/19/20253.64 EUR
11/18/20253.66 EUR
11/17/20253.73 EUR
11/14/20253.73 EUR
11/13/20253.69 EUR
11/12/20253.65 EUR
11/10/20253.60 EUR
11/7/20253.65 EUR
11/6/20253.63 EUR
11/5/20253.88 EUR
11/4/20254.35 EUR
10/31/20254.38 EUR
10/30/20254.48 EUR
10/29/20254.50 EUR
10/28/20254.57 EUR
10/27/20254.57 EUR
10/24/20254.55 EUR
10/23/20254.58 EUR
10/22/20254.61 EUR
10/21/20254.58 EUR
10/20/20254.58 EUR
10/17/20254.49 EUR
10/16/20254.45 EUR
10/15/20254.48 EUR
10/14/20254.38 EUR
10/13/20254.34 EUR
10/10/20254.39 EUR
10/9/20254.38 EUR
10/8/20254.35 EUR
10/7/20254.32 EUR
10/6/20254.32 EUR
10/3/20254.32 EUR
10/2/20254.34 EUR
10/1/20254.39 EUR
9/29/20254.34 EUR
9/26/20254.37 EUR
9/25/20254.35 EUR
9/24/20254.37 EUR
9/23/20254.37 EUR
9/22/20254.43 EUR
9/19/20254.51 EUR
9/18/20254.52 EUR
9/17/20254.54 EUR
9/16/20254.53 EUR
9/15/20254.56 EUR
9/12/20254.57 EUR
9/11/20254.58 EUR
9/10/20254.54 EUR
9/9/20254.55 EUR
9/8/20254.54 EUR
9/5/20254.54 EUR
9/4/20254.52 EUR
9/3/20254.52 EUR
9/2/20254.58 EUR
9/1/20254.59 EUR
8/29/20254.57 EUR
8/28/20254.56 EUR
8/27/20254.61 EUR
8/26/20254.62 EUR
8/25/20254.61 EUR
8/22/20254.65 EUR
8/21/20254.65 EUR
8/20/20254.88 EUR
8/19/20254.86 EUR
8/18/20254.84 EUR
Access this data via the Eulerpool API

Telefonica Revenue, EBIT, Net Income

  • 3 Years

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  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
40.65 B EUR
2.59 B EUR
-892.00 M EUR
Jan 1, 2024
41.32 B EUR
3.56 B EUR
-49.00 M EUR
Jan 1, 2025
35.12 B EUR
1.47 B EUR
-4.32 B EUR
Jan 1, 2026 (e)
33.42 B EUR
4.51 B EUR
1.92 B EUR
Jan 1, 2027 (e)
34.06 B EUR
4.59 B EUR
2.21 B EUR
Jan 1, 2028 (e)
34.50 B EUR
4.66 B EUR
2.43 B EUR
Jan 1, 2029 (e)
34.37 B EUR
4.64 B EUR
2.44 B EUR
Jan 1, 2030 (e)
34.97 B EUR
4.72 B EUR
0.00 EUR

Telefonica Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 17, 2026, 11:06 PM
 
REVENUEB EUR
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB EUR
EBITB EUR
EBIT MARGIN%
NET INCOMEB EUR
NET INCOME GROWTH%
DIV.EUR
DIV. GROWTH%
SHARESB
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
47.2252.0452.0148.6948.4243.0839.2839.9940.6541.3235.1233.4234.0634.5034.3734.97
-6.2710.20-0.05-6.37-0.56-11.04-8.821.821.651.63-14.99-4.841.921.29-0.391.76
72.6670.7171.1271.2271.8469.7968.7967.6449.7769.617.407.407.407.407.407.40
34.3136.7936.9934.6834.7930.0627.0227.0520.2328.762.602.472.522.552.542.59
2.905.476.796.522.746.0113.594.062.593.561.474.514.594.664.644.72
6.1410.5113.0613.395.6613.9534.5910.146.388.604.1813.4913.4713.5113.5113.51
2.752.373.133.331.661.588.142.01-0.89-0.05-4.321.922.212.432.44
-8.53-13.7032.216.35-50.05-4.93414.35-75.29-144.36-94.518,712.24-144.3715.249.960.37
0.750.740.400.400.400.360.350.300.300.300.300.300.300.30
-45.95-10.00-2.78-14.29
4.975.055.135.135.115.445.675.705.655.645.635.635.635.635.635.63
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Telefonica generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Telefonica retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Telefonica's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Telefonica has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Telefonica's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Telefonica stock margins

The Telefonica margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Telefonica. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Telefonica.
  • 3 Years

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  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
68.79 %
34.59 %
20.72 %
Jan 1, 2022
67.64 %
10.14 %
5.03 %
Jan 1, 2023
49.77 %
6.38 %
-2.19 %
Jan 1, 2024
69.61 %
8.60 %
-0.12 %
Jan 1, 2025
7.40 %
4.18 %
-12.29 %
Jan 1, 2026 (e)
7.40 %
13.50 %
5.73 %
Jan 1, 2027 (e)
7.40 %
13.47 %
6.48 %
Jan 1, 2028 (e)
7.40 %
13.51 %
7.04 %

Telefonica Stock Revenue, EBIT, Earnings per Share

The Telefonica earnings per share therefore indicates how much revenue Telefonica has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

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  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
6.93 EUR
2.40 EUR
1.44 EUR
Jan 1, 2022
7.02 EUR
0.71 EUR
0.35 EUR
Jan 1, 2023
7.19 EUR
0.46 EUR
-0.16 EUR
Jan 1, 2024
7.33 EUR
0.63 EUR
-0.01 EUR
Jan 1, 2025
6.23 EUR
0.26 EUR
-0.77 EUR
Jan 1, 2026 (e)
5.93 EUR
0.80 EUR
0.34 EUR
Jan 1, 2027 (e)
6.04 EUR
0.81 EUR
0.39 EUR
Jan 1, 2028 (e)
6.12 EUR
0.83 EUR
0.43 EUR

Telefonica business model & stock analysis

Telefonica SA is a Spanish telecommunications company that was founded in 1924. The company is one of the largest of its kind in Europe and offers numerous products and services in over 20 countries worldwide. Its main business areas are fixed-line, mobile, and internet services. Telefonica SA is also involved in the production and distribution of digital content.

Telefonica SWOT Analysis

Strengths

Telefonica SA has a strong global presence and is one of the largest telecommunications companies in the world. With operations in multiple countries, it benefits from economies of scale and diversification.

The company has a solid customer base with millions of subscribers, giving it a competitive advantage in the telecommunications industry. It offers a wide range of services, including fixed-line and mobile telephony, internet, and digital services, catering to the evolving needs of its customers.

Weaknesses

One of the main weaknesses of Telefonica SA is its high debt levels. The company has struggled with significant debt burdens, which can hinder its ability to invest in innovation, infrastructure, and new technologies.

Additionally, Telefonica SA operates in a highly competitive market, facing competition from both traditional telecommunications companies and emerging digital communication platforms. This can put pressure on its market share and profitability.

Opportunities

The increasing demand for high-speed internet, advancements in technology, and the growth of the Internet of Things (IoT) present significant opportunities for Telefonica SA. The company can capitalize on these trends by offering innovative services and expanding its connectivity solutions.

Moreover, Telefonica SA can leverage its strong international presence to enter new markets and explore strategic partnerships with local players. This can open up new revenue streams and enhance its competitive position in the global telecommunications industry.

Threats

Regulatory changes and governmental policies related to the telecommunications sector pose a threat to Telefonica SA's operations. Changes in regulations can impact pricing, market access, and competition, potentially affecting the company's profitability.

Cybersecurity threats are also a significant concern for telecommunications companies. Telefonica SA must continually invest in robust security measures to protect its networks, data, and customers from cyber attacks, ensuring business continuity and maintaining customer trust.

Telefonica Segments

Telefonica Revenue by Segment (1/2)

  • 3 Years

  • Max

Telefónica Spain
Retailers
Telefónica Brazil
Telefónica Hispam
Telefónica Germany
Mobile
Fixed
Wholesalers, mobile handsets sales and others
Telefónica United Kingdom
Other companies
Others and elims
VMO2
VMED O2 UK Ltd
Details
Date
Telefónica Spain
Retailers
Telefónica Brazil
Telefónica Hispam
Telefónica Germany
Mobile
Fixed
Wholesalers, mobile handsets sales and others
Telefónica United Kingdom
Other companies
Others and elims
VMO2
VMED O2 UK Ltd
Jan 1, 2021
12.16 B EUR
0.00 EUR
6.90 B EUR
8.26 B EUR
7.74 B EUR
0.00 EUR
0.00 EUR
0.00 EUR
2.61 B EUR
1.63 B EUR
0.00 EUR
0.00 EUR
0.00 EUR
Jan 1, 2022
12.22 B EUR
9.66 B EUR
8.85 B EUR
9.03 B EUR
8.20 B EUR
6.00 B EUR
3.14 B EUR
2.84 B EUR
0.00 EUR
1.69 B EUR
1.26 B EUR
0.00 EUR
0.00 EUR
Jan 1, 2023
12.35 B EUR
9.87 B EUR
9.64 B EUR
8.28 B EUR
8.59 B EUR
5.49 B EUR
2.89 B EUR
2.78 B EUR
0.00 EUR
1.79 B EUR
1.35 B EUR
0.00 EUR
0.00 EUR
Jan 1, 2024
12.51 B EUR
0.00 EUR
9.61 B EUR
0.00 EUR
8.46 B EUR
0.00 EUR
0.00 EUR
0.00 EUR
0.00 EUR
1.81 B EUR
0.00 EUR
0.00 EUR
0.00 EUR

Telefonica Revenue by Segment (2/2)

  • 3 Years

  • Max

Retailers
Retailer
Telefónica Hispam
Mobile
Fixed
Wholesalers, mobile handsets sales and others
Others and elims
Details
Date
Retailers
Retailer
Telefónica Hispam
Mobile
Fixed
Wholesalers, mobile handsets sales and others
Others and elims
Jan 1, 2021
0.00 EUR
9.70 B EUR
0.00 EUR
5.44 B EUR
2.91 B EUR
2.72 B EUR
1.20 B EUR
Jan 1, 2022
0.00 EUR
0.00 EUR
0.00 EUR
0.00 EUR
0.00 EUR
0.00 EUR
0.00 EUR
Jan 1, 2023
0.00 EUR
0.00 EUR
0.00 EUR
0.00 EUR
0.00 EUR
0.00 EUR
0.00 EUR
Jan 1, 2024
10.09 B EUR
0.00 EUR
8.92 B EUR
6.06 B EUR
2.98 B EUR
2.70 B EUR
1.38 B EUR

Telefonica Revenue by Region

  • Max

Argentina
Details
Date
Argentina
Jan 1, 2023
1.24 B EUR
Jan 1, 2024
2.23 B EUR

Telefonica Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Telefonica historical P/E ratio, EBIT multiple, and P/S ratio

Telefonica annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Telefonica shares outstanding

The number of shares of Telefonica was 5.63 B in 2025. This indicates how many shares Telefonica is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
5.67 B Stocks
Jan 1, 2022
5.70 B Stocks
Jan 1, 2023
5.65 B Stocks
Jan 1, 2024
5.64 B Stocks
Jan 1, 2025
5.63 B Stocks
Jan 1, 2026 (e)
5.63 B Stocks
Jan 1, 2027 (e)
5.63 B Stocks
Jan 1, 2028 (e)
5.63 B Stocks

Telefonica stock splits

In Telefonica's history, there have been no stock splits.

Telefonica Dividend History

32 years of dividend payments

YearAnnual DividendYoY ChangePayments
20250.30EUR 0.0%
Jun 17, 20250.15EUR 0.0%1/2
Dec 16, 20250.15EUR 0.0%2/2
20240.30EUR 0.0%
20230.30EUR 0.7%
20220.30EUR 13.9%
20210.35EUR 10.6%
20200.39EUR 3.3%
20190.40EUR 0.0%
20180.40EUR 0.0%
20170.40EUR 45.9%
20160.74EUR 0.7%

Telefonica dividend history and estimates

In 2025, Telefonica paid a dividend amounting to 0.30 EUR. Dividend means that Telefonica distributes a portion of its profits to its owners.
  • 3 Years

  • 5 Years

  • 10 Years

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  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
0.35 EUR
0.00 EUR
Jan 1, 2022
0.30 EUR
0.00 EUR
Jan 1, 2023
0.30 EUR
0.00 EUR
Jan 1, 2024 (e)
0.30 EUR
0.00 EUR
Jan 1, 2025
0.30 EUR
0.00 EUR
Jan 1, 2026 (e)
0.00 EUR
0.30 EUR
Jan 1, 2027 (e)
0.00 EUR
0.30 EUR
Jan 1, 2028 (e)
0.00 EUR
0.30 EUR

Telefonica dividend payout ratio

In 2025, Telefonica had a payout ratio of -39.14%. The payout ratio indicates the percentage of the company's profits that Telefonica distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
23.21 %
Jan 1, 2022
84.45 %
Jan 1, 2023
-190.06 %
Jan 1, 2024
-3,451.22 %
Jan 1, 2025
-39.14 %
Jan 1, 2026 (e)
88.24 %
Jan 1, 2027 (e)
76.55 %
Jan 1, 2028 (e)
69.62 %

Current Telefonica forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy
12.50 % (4)
Hold
50.00 % (16)
Sell
37.50 % (12)
12M Price Target
4.03
Last Price
3.68
Currency
EUR
12M Return Potential
9.39 %
LTM Return
0 %

Telefonica Analyst Rating Actions

DateFirmActionRatingReliability
11/22/2021
Berenberg
Berenberg
DowngradeBuyHold
10/14/2021
Barclays
Barclays
DowngradeEqual WeightUnderweight33
6/9/2021
Berenberg
Berenberg
UpgradeHoldBuy
3/30/2021
B of A Securities
B of A Securities
UpgradeNeutralBuy70
5/7/2020
CFRA
CFRA
UpgradeSellHold
3/19/2019
Macquarie
Macquarie
DowngradeOutperformNeutral
8/9/2018
Jefferies
Jefferies
UpgradeHoldBuy47
7/22/2018
Goldman Sachs
Goldman Sachs
DowngradeBuyNeutral
2/8/2018
Jefferies
Jefferies
UpgradeUnderperformHold47
12/10/2017
Bernstein
Bernstein
DowngradeMarket PerformUnderperform

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

Telefonica Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
2/21/20240.10EUR-10.45 BEUR-2023 Q4
2/24/20220.42EUR-9.29 BEUR-2021 Q4
11/4/20210.06EUR-9.06 BEUR-2021 Q3
7/29/20210.11EUR-9.92 BEUR-2021 Q2
5/13/20210.12EUR-10.47 BEUR-2021 Q1
2/25/2021-EUR-11.03 BEUR-2020 Q4
10/29/2020-EUR-10.56 BEUR-2020 Q3
7/30/20200.10EUR-10.72 BEUR-2020 Q2
5/7/2020-EUR-11.48 BEUR-2020 Q1
2/20/20200.06EUR-12.56 BEUR-2019 Q4

EESG©

Eulerpool ESG Scorecard© for the Telefonica stock

78/100
83
Environment
93
Social
57
Governance
E

Environment

20
Scope 1 - Direct Emissions122,874
Scope 2 - Indirect emissions from purchased energy939,452
Scope 3 - Indirect emissions within the value chain1,990,852
Total CO₂ emissions1,062,326
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees40
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Telefonica shareholder structure

% Name
10.06116%
Sociedad Estatal de Participaciones Industriales
Sociedad Estatal de Participaciones Industriales
10.05110%
Criteria Caixa S.A.U.
Criteria Caixa S.A.U.
10.03036%
Saudi Telecom Company
Saudi Telecom Company
5.03753%
Banco Bilbao Vizcaya Argentaria SA
Banco Bilbao Vizcaya Argentaria SA
4.58602%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
2.41900%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
...

Telefonica Beneficial Ownership Filings (SEC 13D/G)

Free Float
64.9%
Float Shares
-
Shares Outstanding
-

Telefonica Executives and Management Board

30 members · avg. age 58 · 33 % women

Management

MM

Mr. Marc Thomas Murtra Millar (52)

Executive Chairman of the Board, Chief Executive Officer · since 2025

BG

Mr. Borja Ochoa Gil

Executive President of Telefonica Spain

LB

Ms. Laura Abasolo Garcia De Baquedano (53)

Chief Financial and Control Officer, Head - Telefónica HispAm

GL

Mr. Guillermo Ansaldo Lutz (63)

Chief Executive Officer of Telefónica Infra

SE

Ms. Sofia Collado Echaure

Chief Executive Officer of Telefónica Tech

AP

Mr. Alfonso Gomez Palacio

Chief Executive Officer - Hispam Norte

Board of Directors

JP

Mr. Jose Maria Abril Perez (73)

Vice Chairman of the Board, Proprietary Director

301,000.00 EUR
IC

Mr. Isidro Faine Casas (82)

Vice Chairman of the Board, Proprietary Director

280,000.00 EUR
PL

Mr. Peter Loscher (63)

Lead Independent Director

260,000.00 EUR
FM

Mr. Francisco Javier de Paz Mancho (66)

Other External Director

259,000.00 EUR
CR

Ms. Claudia Sender Ramirez (50)

Independent Director

201,000.00 EUR
MB

Ms. Maria Luisa Garcia Blanco (59)

Independent Director

192,000.00 EUR

Telefonica Supply Chain

Telefonica Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
30 companies
#NameTrend
1
OnMobile Global
Supplier·IN
0.52
-0.08
0.81
0.77
0.63
0.76
2
Switch A
Supplier·IT Services·US
0.66
0.23
0.74
0.67
0.67
0.75
3
Technicolor
Supplier·Entertainment·FR
0.30
0.43
0.46
0.71
0.53
0.75
4
Telefonica Deutschland
Supplier·Customer·Diversified Telecommunication Services·DE
0.33
0.49
0.87
0.87
0.80
0.72
5
BTS Group B
Supplier·SE
0.57
0.36
0.87
0.05
0.04
0.69
#NameTrend
1
Impelus
Supplier·Media·AU
0.20
2
Alchimie
Supplier·Customer·Entertainment·FR
0.58
0.72
0.84
-0.37
-0.36
3
Wild Bunch
Supplier·DE
0.46
-0.05
0.86
0.71
0.62
4
Arad Ltd
Supplier·Customer·IL
0.42
0.33
0.61
-0.13
0.15
5
IMImobile Plc
Supplier·GB
0.38
0.36
0.45
0.68

Frequently asked questions about Telefonica

The business model of Telefonica SA revolves around providing telecommunication services globally. As a leading multinational company, Telefonica offers mobile and fixed-line telephony services, broadband and data solutions, digital services, and a range of integrated communication products. Telefonica operates in various markets, serving both residential and business customers. By leveraging its extensive network infrastructure, technological expertise, and partnerships, the company aims to connect people and businesses, enabling seamless communication and digital transformation. Telefonica is committed to innovation, delivering advanced solutions and enhancing connectivity to meet the evolving needs of its customers in the telecommunications industry.

Telefonica SA is primarily active in the telecommunications sector.

The main competitors of Telefonica SA in the market include Vodafone Group Plc, Orange SA, and Telecom Italia SpA. These companies compete with Telefonica SA in the telecommunications industry, offering similar services and solutions to customers worldwide. As a leading global telecommunications provider, Telefonica SA faces intense competition from these prominent players as they strive to capture market share and meet customer demands.

Telefonica SA, a leading telecommunications company headquartered in Madrid, Spain, has a rich history and background. Established in 1924, Telefonica initially focused on providing telegraph services to Spain. Over the years, it expanded its services and became a key player in the global telecommunications industry. Today, Telefonica is one of the largest integrated telecommunications operators worldwide, offering a wide range of services including mobile and fixed-line telephony, broadband, and digital services. With a presence in more than 15 countries, Telefonica continues to innovate and provide reliable communication solutions to individuals and businesses alike.

Telefonica SA, a leading telecommunications company, has achieved numerous significant milestones throughout its history. Notably, it became the first Spanish company to be listed on the New York Stock Exchange (NYSE) in 1999, showcasing its global presence. Telefonica SA has actively expanded its international operations and successfully penetrated Latin American markets, establishing itself as one of the largest telecommunication providers in this region. The company has also made considerable advancements in the field of technology and innovation, introducing services like 5G and Internet of Things (IoT) solutions. These milestones demonstrate Telefonica SA's commitment to growth, innovation, and global market leadership.

Telefonica SA is primarily present in several countries and regions across the globe. The company's major presence is in Spain, its home country, where it has a significant market share. Additionally, Telefonica SA operates in various Latin American countries, including Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Venezuela. It also has a strong presence in Germany, the United Kingdom, and several other European markets. Furthermore, Telefonica SA has expanded its operations to include several African and Asian countries, such as Morocco and China. With its extensive international presence, Telefonica SA is a global telecommunications leader, providing services to millions of customers worldwide.

Telefonica SA is a leading telecommunications company that values innovation, reliability, and customer satisfaction. With a strong corporate philosophy focused on connecting people, Telefonica SA continuously strives to offer cutting-edge technology solutions while maintaining a commitment to social responsibility. As a key player in the global telecommunications industry, Telefonica SA's values include transparency, integrity, and excellence. By constantly adapting to market trends and embracing new technologies, Telefonica SA aims to deliver superior services to its customers worldwide. Through its dedication to providing seamless connectivity and maintaining strong corporate values, Telefonica SA stands as a trusted and innovative telecommunications leader.

Analysts currently set an average price target of 4.04 EUR for the Telefonica stock (median: 4.03 EUR), implying +9.6 % versus the latest price. The consensus is based on 32 analyst ratings.

32 analysts currently rate the Telefonica stock: 4 recommend buying, 16 holding and 12 selling. For 2026, analysts expect Telefonica to generate revenue of 33.42 B EUR and earnings per share of 0.34 EUR.

The Telefonica share (TEF.MC) is listed on 13 stock exchanges, including: XETRA (TNE5.DE), Frankfurt (TNE5.F), München (TNE5.MU), Düsseldorf (TNE5.DU), Hamburg (TNE5.HM), London (0TDE.L), SIX (Zürich) (TEF.SW), Wien (TEF.VI).

Telefonica is a Spanish telecommunications company that was founded in 1924. The company specializes in providing network services worldwide and has a strong presence in Latin America and Europe. Telefonica operates in mobile, fixed-line, and broadband services, as well as offering various products and services. It has divisions in wholesale business, enterprise business, retail business, and digital and technology projects. Telefonica offers a range of products and services including mobile and fixed-line services, broadband internet, TV and IPTV, cloud services, security solutions, and digital and local services. Telefonica operates mobile networks in several countries and also provides IoT connectivity and services. The company is currently working on a digitalization project to transform itself into a digital service provider. It is integrating artificial intelligence (AI) and machine learning (ML) into its processes and services. Telefonica's wide product range and cross-sector services make it an important player in the telecommunications industry. The company's investments in AI and ML position it well for future success. It is able to meet the needs of different customers through its provision of mobile, fixed-line, broadband, TV, and cloud services, as well as other digital services.

The expected revenue of Telefonica is 33.42 B EUR. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Telefonica is 1.92 B EUR. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Telefonica is currently 10.77. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Telefonica stock.

The price-to-sales ratio (P/S) of Telefonica is currently 0.62. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Telefonica stock.

The Eulerpool Quality Score for Telefonica is 1/10.

The ISIN of Telefonica is ES0178430E18. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Telefonica is 850775. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Telefonica is TEF.MC. The ticker symbol is used to trade Telefonica shares on the stock exchange.

Over the past 12 months, Telefonica paid a dividend of 0.30 EUR . This corresponds to a dividend yield of about 8.19 %. For the coming 12 months, Telefonica is expected to pay a dividend of 0.30 EUR.

The current dividend yield of Telefonica is 8.19 %.

Telefonica pays a dividend, distributed in the months of , , , .

Telefonica paid dividends every year for the past 23 years.

For the upcoming 12 months, dividends amounting to 0.30 EUR are expected. This corresponds to a dividend yield of 8.15 %.

Telefonica is assigned to the 'Communication' sector.

To receive the latest dividend of Telefonica from amounting to 0.15 EUR, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, Telefonica distributed 0.15 EUR as dividends.

The dividends of Telefonica are distributed in EUR.

All fundamentals and in-depth analysis of Telefonica

Our stock analysis for Telefonica stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Telefonica. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.