Telefonica stock holds near 3.65 EUR after Q2 growth

Telefonica stock held near 3.65 EUR on August 27, 2026 as Q2 revenue stayed flat and EBITDA rose 2.7 percent. Market cap stood at EUR 20.70 billion, with Spain and Brazil offsetting weaker German performance.

Telefonica SA (ES0178430E18) stock traded at 3.65 EUR on August 27, 2026, and the group carried a market capitalization of EUR 20.70 billion after investors weighed a second quarter that combined flat organic revenue with 2.7 percent EBITDA growth.

That split matters because it shows Telefonica is still leaning on profitability rather than top-line acceleration, while Spain and Brazil helped offset weaker performance in Germany.

Q2 margin story

According to a company earnings overview dated July 29, 2026, the second quarter brought flat organic revenue growth and 2.7 percent EBITDA growth year over year. The same overview said management reaffirmed its 2026 targets, with the revenue outlook depending on a stronger second half.

The comparison is clear: revenue was flat, but EBITDA still rose 2.7 percent. For investors, that is a margin-led story, not a growth-led one.

Price and valuation

A trading snapshot for August 27, 2026 put the shares at 3.650 EUR, down 0.67 percent on the session, with a market cap of EUR 20,696,089,672 and a 52-week range of 3.24 EUR to 4.63 EUR.

Morningstar's stock quote page showed a previous close of 3.61 EUR, a day range of 3.56 EUR to 3.61 EUR, and volume of 9 million shares, underscoring how tightly the stock traded into the close.

More on Telefonica stock

Telefonica's business is built on converged telecom services that bundle mobile, fixed broadband and television for households and companies. The product mix matters because bundled subscriptions can support stickier revenue and better margins when pricing remains competitive.

Closing view

As of August 27, 2026, Telefonica stock was priced at 3.65 EUR, with EUR 20.70 billion in market value and a 52-week range that still leaves room on both sides of the current quote.

The stock's latest readout is simple: flat revenue, 2.7 percent EBITDA growth, and a market that is waiting for a stronger second half to change the story.

Fact box

Company: Telefonica SA
ISIN: ES0178430E18
Ticker: TEF
Exchange: Bolsa de Madrid
Price (as of August 27, 2026, 1:13 a.m. ET): 3.65 EUR
Market cap: EUR 20.70 billion (as of August 27, 2026)
Sector / Industry: Communication Services / Telecom Services
Index membership: IBEX 35