Telefonica (TNE2) Stock Price & Analysis
TNE2 Stock Chart & Stats
- Day’s Range
- EUR 3.26 - EUR 3.26
- 52-Week Range
- EUR 3.14 - EUR 4.36
- Previous Close
- EUR 3.20
- Volume
- 0
- Average Volume (3M)
- 108
- Market Cap
- EUR 19.05B
- Enterprise Value
- EUR 76.39B
- Total Cash (Recent Filing)
- EUR 5.60B
- Total Debt (Recent Filing)
- EUR 41.69B
- Price to Earnings (P/E)
- ―
- Beta
- 0.24
- Next Earnings
- Nov 12, 2026 (Est.)
- EPS Estimate
- 0.12
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 9.33%
Bulls Say, Bears Say
Bulls Say
Cash Generation
Strong operating and free cash flow provide an important foundation for a capital-intensive telecom business. This internally generated liquidity can support network investment, debt service, and shareholder distributions, although the declining free-cash-flow trend remains a consideration.
Spain And Brazil Operating Strength
Performance in Spain and Brazil demonstrates durable operating traction in two important markets. Low churn, improving ARPU, customer gains, and higher EBITDA support recurring service revenue and can help offset weakness in other operating regions over coming quarters.
B2B Digital Services Growth
Growing B2B revenue and adoption of higher-value digital services broaden Telefónica beyond traditional connectivity. Cloud, cybersecurity, and SD-WAN can deepen customer relationships, increase recurring contract revenue, and support a more resilient mix over the medium term.
Bears Say
Persistent Losses And Elevated Leverage
Persistent net losses and negative returns weaken the quality of earnings despite positive operating cash flow. Elevated leverage reduces financial flexibility, increases sensitivity to earnings volatility and refinancing conditions, and can constrain investment or shareholder-return choices.
German Revenue Weakness And Restructuring
Germany is facing a material operating reset, with handset and partner-business weakness reducing revenue while restructuring charges weigh on reported performance. Although planned savings may help by 2028, execution costs and workforce reductions can pressure results during the next several quarters.
VMO2 Weakness And High Leverage
VMO2 combines declining service revenue and EBITDA with unusually high leverage, creating a meaningful drag on group financial resilience. The joint venture needs faster free-cash-flow improvement and deleveraging, while weaker broadband ARPU may make that recovery more difficult.
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Telefonica Stock Smart Score
Company Description
Telefonica
Telefónica, S.A., together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, including mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services; traditional fixed telecommunication services, such as PSTN lines; ISDN accesses; public telephone services; local, domestic, and international long-distance and fixed-to-mobile communications; corporate communications; supplementary value-added services; video telephony; intelligent network; telephony information services; and leases and sells handset equipment. It also provides internet provider service; portal and network, retail and wholesale broadband access, narrowband switched access and other technologies, internet through fibre to the home, very high bit-rate digital subscriber line, and voice over internet protocol services; leased line, virtual private network, fibre optics, web and managed hosting, content delivery and application, security, and outsourcing and consultancy services, including network management or CGP; and desktop, system integration, and professional services. In addition, the company offers wholesale services for telecommunication operators, such as domestic interconnection and international wholesale services; leased lines for other operators; and local loop leasing services, as well as bit stream services, wholesale line rental accesses, and leased ducts for other operators' fiber deployment. Further, it provides video/TV services; smart connectivity and services; financial and other payment, cloud, security, advertising, and big data services; digital products; Aura, an artificial-intelligence ecosystem; Movistar Home device; open gateway; living apps; smart Wi-Fi; NT; Solar 360; and Phoenix, a digital sales platform. Telefónica, S.A. was incorporated in 1924 and is headquartered in Madrid, Spain.
- Sector
- Communicationservices
- Industry
- Telecommunications Services
- CEO
- Marc Thomas Murtra Millar
- Employees
- 82,655
- Website
- www.telefonica.com
- Address
- Distrito Telefónica, Madrid, MAD, 28050, ES
Telefonica (TNE2) Earnings & Revenues
TNE2 Company Deck
TNE2 Earnings Call
Earnings Call SentimentPositive
The call conveyed clear operational momentum in Spain and Brazil, improved group profitability and cash flow metrics, a net-debt reduction and an upgraded adjusted operating cash flow after leases target (over 3%). These positives were tempered by material challenges in Germany and at VMO2 — including sharp handset-related revenue declines, restructuring charges and elevated leverage at the UK JV — plus seasonal free cash flow headwinds. Overall, the company presented stronger execution and upgraded cash-flow guidance while acknowledging localized disruption that management is actively addressing.
View all DE:TNE2 earnings summariesTNE2 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 5 | 5 | 12 |
| Technical Analysis | 3 | 5 | 2 |
| Moving Averages | 2 | 0 | 10 |
