Read up on Telefónica, S.A., Orange S.A., Liberty Broadband Corporation as they approach key price targets in the near term.
A recap of Friday's session: Markets closed higher Friday; Nasdaq ended the session at 11,079 after a 0.71% gain. S&P 500 closed the day at 3,999, having gained 0.4%.
What is a Price Target?
A "price target" is an estimate of the future price of a stock based on earnings forecasts and assumed valuation multiples. Price targets are typically generated by respected market analysts who believe a stock to be fairly valued relative to its projected and historical earnings. Target prices are used to evaluate stocks and can help investors evaluate the potential risk/reward profile of a stock. Let's review some communication services stocks and their price targets.
Telefonica's Price target: $4 | Last close: $3.97 | Daily range: $3.91 – $3.98 | Off hours: $3.97
Telefónica, S.A. recovered from the previous trading session's losses and went up to $3.97 Friday after it traded lower at $3.91. Telefonica has increased a total of 55 cents over the past 19 days, with Friday's session contributing to the uptrend. Daily trading volume (1.81 million shares) was slightly above the current multiday average of 1.58 million.
The Spanish telecoms giant has managed to gain 9.39% so far this year despite trading at lows around $3.15 previously. Telefonica is currently trading with a market cap of $22.93 billion with an average daily trading volume of 1.58 million shares. The Nasdaq has been doing worse in 2022, it has been passing it by 3.1%.
Telefonica's run now faces a challenge at $4, which is only 3 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Orange's price target: $10.68 | Last close: $10.77 | Daily range: $10.7 – $10.77 | Off hours: $10.77
The French telecoms corporation has recovered almost all of its session losses after dipping down to $10.7 Friday. Friday's fall came on the back of a 17 day uptrend, during which Orange added 11.61% to its share price Friday's trading volume was 698,567 shares which is slightly below the 21-day average of 740,673.
The French telecoms giant has gained 6.52% since its lowest print of $8.86 earlier this year. Currently, the French telecoms corporation has a market capitalization of $28.63 billion with an average daily volume of 740,673 shares. So far in 2022, it has performed better than the Nasdaq by 0.23%. Orange is forecasted to generate revenues of $10.75 billion and EPS of 55.11 cents.
Orange is eyeing the $10.68 support line.
Liberty Broadband A's Price target: $88.55 | Last close: $87.96 | Daily range: $86.92 – $88.33 | Off hours: $87.96
An influx of buyers helped the US media company to end the session higher around $87.96, while establishing a $86.92 to $88.33 session range Friday. Liberty Broadband A has increased a total of $18.03 over the past 19 days, with Friday's session contributing to the uptrend. The day's trading volume totalled 105,682 shares — below the 21-day average of 291,471.
The US media company has gained 14.56% since its lowest print of $69.29 earlier this year. The US media company's market cap currently stands at $13 billion with an average daily trading volume of 291,471 shares. So far in 2022, it has been outperforming the Nasdaq by 8.27%.
Liberty Broadband A's run now faces a challenge at $88.55, which is only 59 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.