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MarketScreener Homepage  >  Equities  >  Bolsa de Madrid  >  Telefonica    TEF   ES0178430E18

TELEFONICA

(TEF)
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Telefonica : Receives EUR702 Million Tax Refund

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03/15/2019 | 07:09am EDT

By Patrick Costello

Telefonica SA (TEF.MC) said Friday that it has received a notification from Spanish tax authorities ordering a refund to the Spanish telecoms company for tax overpayments.

The refund amounts to 702 million euros ($794 million) and upholds claims Telefonica filed against assessments of a 2008 to 2011 corporate income-tax audit, the company said.

Telefonica's claims had earlier been partially upheld by Spain's Central Administrative Economic Court in January in a preliminary ruling.

Telefonica said it is evaluating legal actions available against the notice for the lack of inclusion of "delayed interests," among other reasons.

Write to Patrick Costello at patrick.costello@dowjones.com.

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Financials (€)
Sales 2019 48 691 M
EBIT 2019 6 956 M
Net income 2019 3 758 M
Debt 2019 42 676 M
Yield 2019 5,60%
P/E ratio 2019 9,98
P/E ratio 2020 9,51
EV / Sales 2019 1,64x
EV / Sales 2020 1,61x
Capitalization 37 264 M
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Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 8,87 €
Spread / Average Target 24%
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Managers
NameTitle
José María Álvarez-Pallete López Executive Chairman & Chief Executive Officer
Ángel Vilá Boix Chief Operating Officer & Director
Laura Abasolo García de Baquedano Chief Financial & Control Officer
Alejandro Ramos Chief Information Security Officer
Isidro Fainé Casas Vice Chairman
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