|Bid||0.00 x 21500|
|Ask||0.00 x 28000|
|Day's Range||7.35 - 7.41|
|52 Week Range||6.50 - 9.08|
|Beta (3Y Monthly)||1.04|
|PE Ratio (TTM)||11.60|
|Forward Dividend & Yield||0.45 (6.10%)|
|1y Target Est||7.83|
Shares of Slack Technologies Inc. slumped as much as 10% Tuesday on news that Microsoft Corp.'s competing Teams communication app has passed more than 20 million daily active users, extending its lead over Slack. Microsoft on Tuesday said its Teams app grew 54% since July as it continues to benefit from corporate wins, including Alcoa Corp. and Telefonica S.A. . Microsoft Chief Executive Satya Nadella in October said Teams -- which was introduced in 2016, two years after Slack -- has 350 customers with at least 10,000 people using its app. In October, Slack said it has 12 million daily active members, up from 10 million in late January. "We continue to believe that while Slack has the first mover advantage in this new market opportunity, Microsoft represents the biggest risk for investors given its massive enterprise installed base and the fact that it offers Teams with no extra charge to its Office 365 business customers," Wedbush Securities analyst Daniel Ives said in a research note on Tuesday. He rates Slack stock an "Underperform," with a price target of $14 a share.
A top official at Telefonica said on Wednesday he would support consolidation in Spain's fiercely competitive telecommunications market, where takeover speculation has been rife. The telecoms market in the euro zone's fourth-largest economy has become ever-more crowded, squeezing profits and prompting British peer Vodafone to propose cutting up to one fifth of its workforce there. "We would be supportive of consolidation of the Spanish market if that scenario were to take place," Chief Operating Officer Angel Vila told the Morgan Stanley European Technology, Media and Telecoms conference in Barcelona.
Britain's Virgin Media is ditching BT's mobile network for rival Vodafone from late 2021 in a five-year deal that will allow it to launch new services such as 5G to its more than 3 million customers. Virgin Media, which offers cable TV and broadband services, pioneered the mobile virtual network operator (MVNO) model, whereby a company offers own-branded mobile on an established partner's network. It has used BT's EE network for nearly 20 years, including before BT owned it, but its customers will be switched onto Vodafone's network in 2021 after the company won the new contract.
European shares dipped slightly on Tuesday, a day after hitting their highest levels since 2015, with a sales warning from Danish jewellery maker Pandora dragging on the benchmark index. The pan-European STOXX 600 index fell 0.1%, although declines were capped by a positive tone around U.S.-China trade talks. Tariff-hit miners gained the most among the major European sub-sectors after reports that China was pushing U.S. President Donald Trump to rollback more tariffs imposed in September as part of a "phase one" trade deal.
Telefonica SA on Tuesday reported a third-quarter loss after booking more than a billion euros in restructuring costs but backed its guidance for the year and said it would stick to its dividend policy
Moody's Investors Service ("Moody's") assigned a Ba1 corporate family rating (CFR) to Cable Onda, S.A. ("Cable Onda"). At the same time Moody's assigned a Ba1 rating to the company's proposed up to USD600 million senior unsecured notes. This is the first time Moody's assigns a rating to Cable Onda.
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** Eddie Stobart Logistics Plc said on DBAY Advisors Limited, its third-largest shareholder, has been granted more time to make a firm takeover offer for the haulage company, and that their talks are ongoing. ** Packaging firm Liqui-Box Corp agreed to sell its bag-in-box business to Peak Packaging to comply with requirements from Britain's competition watchdog over the U.S.-based company's takeover of DS Smith's plastics business. ** South Africa's Impala Platinum Holdings Ltd (Implats) said it would buy Canada-based North American Palladium Ltd for about C$1 billion ($751.77 million), marking the miner's first purchase outside of Africa.
Mexican telecommunications firm America Movil is not negotiating with Spain's Telefonica SA and Telecom Italia SpA about making a joint bid for assets of Brazilian telecoms firm Oi SA, a company spokesman said on Monday. "Absolutely nothing has been negotiated," Arturo Elias Ayub, America Movil's director of communications said. Asked whether America Movil, which is controlled by Mexican tycoon Carlos Slim, would consider making a bid for Oi holdings, Elias said the company would need to make a careful analysis of the assets in terms of prices and locations.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Atento Luxco 1 and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Juniper Networks (JNPR) aims to improve the infrastructure facilities of Telefonica UK to reduce the complexity of its network, while increasing operational flexibility and efficiency.
Brazilian telecommunications firm Oi SA is in talks with Spain's Telefonica SA and Italy's Telecom Italia SpA to sell its mobile network to avoid insolvency, five people with knowledge of the matter said. Oi has been struggling to turn around its business since filing for bankruptcy protection in June 2016 to restructure approximately 65 billion reais of debt. Brazil's largest fixed-line carrier expects to raise more than 10 billion reais ($2.4 billion) by selling its mobile operations, according to two of the sources, who spoke on condition of anonymity because the talks are confidential.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Telefonica del Peru S.A.A. New York, September 18, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Telefonica del Peru S.A.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Moody's Investors Service ("Moody's") has today assigned a Ba2 rating to Telefonica Europe B.V.'s proposed issuance of undated, deeply subordinated, guaranteed fixed rate reset securities (the "hybrid debt"), which are fully and unconditionally guaranteed by Telefonica S.A. (Telefonica) on a subordinated basis. "The Ba2 rating we have assigned to the hybrid debt is two notches below Telefonica's senior unsecured rating, of Baa3, primarily because the instrument is deeply subordinated to other debt in the company's capital structure," says Carlos Winzer, a Moody's Senior Vice President and lead analyst for Telefonica.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Telefonica Finanzas Mexico, S.A. de C.V. New York, September 13, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Telefonica Finanzas Mexico, S.A. de C.V. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
AES Corp. (AES) recently announced guidance-beating second quarter results while Telefonica S.A. (TEF) posted accelerating revenue and cash flow growth that topped most analysts' estimates, asserts Roger Conrad, utility sector specialist and editor of Conrad's Utility Investor.
The Brazilian Senate's Science and Technology Committee on Wednesday approved a bill that will modernize Brazil's telecommunications law and boost companies in the sector by lifting restrictions on asset sales. The full Senate could vote on the bill, known as PLC 79, later on Wednesday. The law aims to encourage investment in broadband in remote areas of Brazil by allowing companies to own outright telecom assets, such as cellphone towers and valuable real estate, that they may sell if they so choose.
Telefonica plans to offer voluntary redundancy to up to a fifth of its workforce in Spain, a person with knowledge of the matter said on Monday, as the telecoms company struggles to boost earnings in its home market. Europe's third-biggest telecom company will make the offer to all employees over 53 years of age, who total just under 5,000 in a national workforce of 25,000, at a meeting with labour unions on Sept. 11, the person said. Large telecom firms across Europe have been struggling to post strong growth against fierce competition.
Credit rating agency Moody's Investors Service said on Thursday the pending approval of a new telecommunications law in Brazil is positive for the sector as it paves the way for asset sales. The Senate may vote on the bill, known as PLC 79, by Sept. 11, the chamber's president Davi Alcolumbre said this week. "The likely passage of PLC 79 would be credit positive for the entire Brazilian telecom industry, but especially for Telefonica Brasil SA and Oi SA, still in bankruptcy protection," Moody's said.
Britain will make a decision on whether to allow China's Huawei equipment to be used in its 5G networks in the autumn, the digital minister Nicky Morgan said. "We've got to make sure that this is going to be a decision for the long term, making sure that we keep all our networks secure." (Reporting by Kate Holton.