Analysts Offer Insights on Communication Services Companies: Alibaba Pictures Group Limited (HK:1060) and Telefonica (GB:0TDE)

Companies in the Communication Services sector have received a lot of coverage today as analysts weigh in on Alibaba Pictures Group Limited (HK:1060 – Research Report) and Telefonica (GB:0TDE – Research Report).

Alibaba Pictures Group Limited (HK:1060)

In a report issued on April 17, Alex Yao from J.P. Morgan maintained a Buy rating on Alibaba Pictures Group Limited, with a price target of HK$0.59. The company’s shares closed yesterday at HK$0.44.

According to TipRanks.com, Yao is a 1-star analyst with an average return of -0.7% and a 39.9% success rate. Yao covers the NA sector, focusing on stocks such as Tencent Music Entertainment Group, Tencent Holdings Limited, and AutoHome.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alibaba Pictures Group Limited with a HK$0.62 average price target.

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Telefonica (GB:0TDE)

The company’s shares closed yesterday at EUR4.16.

According to TipRanks.com, Robilliard is a 1-star analyst with an average return of -0.7% and a 53.3% success rate. Robilliard covers the NA sector, focusing on stocks such as Iridium Communications, Telefonica Brasil, and Telefonica.

Currently, the analyst consensus on Telefonica is a Hold with an average price target of EUR4.20.

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