Accueil > Actualité
Actualite financiere : Actualite bourse

Telefonica: AlphaValue reacts to 'impressive' deal price

( - AlphaValue maintains its "buy" rating on Telefonica shares, after the Spanish company signed an agreement with American Tower for the sale of its towers division for 7.
7 billion euros.

"It's indeed an impressive price and Telefonica succumbed logically to the sirens of American Tower to reduce its debt a little more," the Paris-based independent research house said in its reaction comments.

Once the transaction is complete, Telefonica's net debt will be reduced by about 4.6 billion euros, AlphaValue said.

The Telefonica shares were up nearly 10% on the Madrid Stock Exchange on this news.

AlphaValue has a 6.85 euro price target on the stock, allowing for upside potential of 90%.

Copyright (c) 2021 All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.