Telefónica Deutschland (OTCMKTS:TELDF) Trading Up 2.4%

Shares of Telefónica Deutschland Holding AG (OTCMKTS:TELDF – Get Rating) were up 2.4% during mid-day trading on Tuesday . The company traded as high as $2.76 and last traded at $2.76. Approximately 300 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 350 shares. The stock had previously closed at $2.70.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TELDF shares. Credit Suisse Group upped their target price on shares of Telefónica Deutschland to €3.10 ($3.37) in a report on Friday, November 4th. Barclays raised shares of Telefónica Deutschland from an “equal weight” rating to an “overweight” rating in a report on Friday, November 4th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Telefónica Deutschland to €3.50 ($3.80) in a report on Monday, November 7th.

Telefónica Deutschland Stock Up 2.4 %

The company’s fifty day simple moving average is $2.44 and its two-hundred day simple moving average is $2.43.

About Telefónica Deutschland

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Telefónica Deutschland Holding AG provides integrated telecommunication services to private and business customers in Germany. It offers mobile and stationery voice and data services; very high data rate digital subscriber line (VDSL) internet services; fiber-to-the-home lines; broadband services, consisting of VDSL, cable, fiber, and fixed mobile substitution services; and machine to machine communication and managed connectivity services.