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TEF / Telefonica: Reiterate Buy, Potential Long-Term Performance

Telefonica: Reiterate Buy, Potential Long-Term Performance
Investing in telecommunications, especially Telefonica, has not been highly profitable in 2023. It has underperformed most indexes, despite being profitable since mid-January. Despite the lackluster performance, we expect Telefonica to perform well over time. These types of investments provide solid income, higher than bonds or savings accounts, with some reaching 8-9% in safer conditions. We provide an update on Telefonica's performance for the first quarter of 2023 and share expectations for the company's performance for the rest of the year. Read More
Posted: Jul 3 2023, 02:10
Author Name: Seeking Alpha
Views: 110214

TEF News  

STC renounces upping stake in Spain's Telefonica to 9.9% - report

By Reuters
October 30, 2023

STC renounces upping stake in Spain's Telefonica to 9.9% - report

Saudi telecoms group STC is seeking to keep its current 4.9% stake in Spain's Telefonica and no longer plans to convert the 5% it holds in derivatives more_horizontal

Telefonica (TEF) Reportedly Considering Stake Sale of Tech Unit

By Zacks Investment Research
October 6, 2023

Telefonica (TEF) Reportedly Considering Stake Sale of Tech Unit

A potential deal can value Telefonica's (TEF) tech unit at more than 2 billion euros ($2.10 billion), added Bloomberg citing sources familiar with the more_horizontal

Focus: How the Saudis became a top shareholder in Telefonica, Spain's telecoms giant

By Reuters
September 7, 2023

Focus: How the Saudis became a top shareholder in Telefonica, Spain's telecoms giant

Jose Maria Alvarez-Pallete, chairman and chief executive of debt laden Spanish telephone and internet service company Telefonica, got an unexpected ca more_horizontal

Telefonica's (TEF) Receives $2.25B Investment From STC Group

By Zacks Investment Research
September 6, 2023

Telefonica's (TEF) Receives $2.25B Investment From STC Group

Telefonica (TEF) sells 9.9% shares of the company to STC Group for $2.25 billion. more_horizontal

Telefonica (TEF) Surges 10.1% YTD: Will the Uptrend Continue?

By Zacks Investment Research
August 15, 2023

Telefonica (TEF) Surges 10.1% YTD: Will the Uptrend Continue?

Telefonica TEF witnessed strong momentum this year, with shares gaining 10.1% year to date compared with the sub-industry's rise of 2%. more_horizontal

Telefonica teams up with Elon Musk's Starlink to connect remote customers

By Reuters
August 10, 2023

Telefonica teams up with Elon Musk's Starlink to connect remote customers

Spanish telecoms operator Telefonica said it teamed up with billionaire Elon Musk's satellite network operator Starlink to provide internet connection more_horizontal

Telefonica's (TEF) Q2 Earnings and Revenues Increase Y/Y

By Zacks Investment Research
July 28, 2023

Telefonica's (TEF) Q2 Earnings and Revenues Increase Y/Y

Telefonica's (TEF) second-quarter performance benefits from solid revenue growth in Deutschland and Tech. more_horizontal

Telefonica has approached Vodafone on Spanish broadband deal - Bloomberg News

By Reuters
July 28, 2023

Telefonica has approached Vodafone on Spanish broadband deal - Bloomberg News

Telefonica has approached British telecoms group Vodafone about a potential deal involving internet broadband networks in Spain, the Spanish company's more_horizontal


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