Deutsche Telekom AG Banca March's Ofelia Marin Comments on European Phone Stocks
By Elisa Banos and Paul Tobin
Jan. 24 (Bloomberg) -- Ofelia Marin, head of analysis at Banca March SA in Madrid, comments on European phone stocks. Marin made the comments yesterday in Spanish in a television interview.
``Phone stocks are still attractive. The earnings are stable and free cash flow is increasing. That means that in time the companies will have more cash to acquire growth or pay higher dividends.
``European phone companies are paying historically high dividends, are trading at historically low levels and are generating more cash every year. These are arguments that back investing in European phone stocks.''