Telefónica's Valuation Rises Amid Analyst Upgrades

Telefónica's stock valuation has risen slightly, with a fair value estimate increasing from €4.45 to €4.51 per share. Analysts have upgraded their price targets, citing improved positioning and operational execution. However, they also maintain cautious stances, citing near-term risks and the lack of clear catalysts for further upside. The company is reportedly evaluating a potential takeover of Vodafone Plc's Spanish unit, which may form a cornerstone of its new strategic plan.