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    TEF   ES0178430E18

TELEFÓNICA, S.A.

(TEF)
  Report
Delayed Quote. Delayed Bolsas y Mercados Espanoles - 06/11 11:38:00 am
4.0795 EUR   -0.46%
06/10European ADRs Move Higher in Thursday Trading
MT
06/10TELEFÓNICA S A  : Societe Generale Resumes Telefonica With Hold Rating
MT
06/10TELEFÓNICA S A  : Berenberg Upgrades Telefonica to Buy from Hold
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Telefonica Shares Soar After Subsidiary's European, Latin American Tower Divisions Sale

01/13/2021 | 04:32am EDT

By Kim Richters

Shares in Telefonica SA traded higher on Wednesday after subsidiary Telxius Telecom SA agreed to sell its European and Latin American telecommunication-tower divisions for 7.7 billion euros ($9.40 billion).

At 0903 GMT, Telefonica shares were up 8.5% at EUR3.91.

Under the agreement, Telxius is selling roughly 31,000 telecommunication-tower sites to real-estate investment trust American Tower Corp.

The Spanish telecommunications company owns the majority share in Telxius, while investment firms KKR and Pontegadea hold minority shares.

The deal shows a better multiple than anticipated, said analysts at Citi, who had expected proceeds of EUR5.8 billion.

The transaction is also boosting the strategic alliance between Telefonica and American Tower, the analysts say.

Write to Kim Richters at kim.richters@wsj.com

(END) Dow Jones Newswires

01-13-21 0431ET

Stocks mentioned in the article
ChangeLast1st jan.
AMERICAN TOWER CORPORATION (REIT) -0.91% 268.35 Delayed Quote.19.55%
KKR & CO. INC. 0.86% 56.5 Delayed Quote.39.54%
TELEFÓNICA, S.A. -0.46% 4.0795 Delayed Quote.25.72%
All news about TELEFÓNICA, S.A.
06/10European ADRs Move Higher in Thursday Trading
MT
06/10TELEFÓNICA S A  : Societe Generale Resumes Telefonica With Hold Rating
MT
06/10TELEFÓNICA S A  : Berenberg Upgrades Telefonica to Buy from Hold
MT
06/10TELEFONICA SA  : Upgraded to Buy by Berenberg
MD
06/09PATRICK DRAHI : Altice seeks to lure MasMovil, others for $7.3 bln Portugal sale..
RE
06/09TELEFÓNICA S A  : Telefónica Tech Ventures invests in Monogoto's private IoT net..
PU
06/08TELEFÓNICA S A  : Nextory acquires Spain's largest local streaming service
PU
06/07TELEFÓNICA S A  : Open RAN Technical Priority Document, by the Open RAN MoU sign..
PU
06/04European ADRs Move Higher in Friday Trading
MT
06/03TELEFÓNICA S A  : Telefónica, S.A (Form 6-K)
PU
More news
Financials
Sales 2021 40 795 M 49 353 M 49 353 M
Net income 2021 2 417 M 2 924 M 2 924 M
Net Debt 2021 37 873 M 45 818 M 45 818 M
P/E ratio 2021 9,43x
Yield 2021 7,78%
Capitalization 22 144 M 26 786 M 26 790 M
EV / Sales 2021 1,47x
EV / Sales 2022 1,46x
Nbr of Employees 112 543
Free-Float 91,4%
Chart TELEFÓNICA, S.A.
Duration : Period :
Telefónica, S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TELEFÓNICA, S.A.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 4,80 €
Last Close Price 4,08 €
Spread / Highest target 113%
Spread / Average Target 17,6%
Spread / Lowest Target -36,3%
EPS Revisions
Managers and Directors
NameTitle
José María Álvarez-Pallete López Executive Chairman & Chief Executive Officer
Laura Abasolo García de Baquedano Chief Financial & Control Officer
Alejandro Ramos Chief Information Security Officer
Ángel Vilá Vilá Boix Chief Operating Officer & Director
Peter Erskine Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
TELEFÓNICA, S.A.25.72%26 786
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CHARTER COMMUNICATIONS, INC.3.81%129 565
CHINA MOBILE LIMITED9.95%128 228
DEUTSCHE TELEKOM AG18.98%102 099
NIPPON TELEGRAPH AND TELEPHONE CORPORATION10.13%96 130