|Bid||4.8900 x 4000|
|Ask||4.9000 x 21500|
|Day's Range||4.8700 - 4.9000|
|52 Week Range||3.2200 - 5.1700|
|Beta (5Y Monthly)||1.07|
|PE Ratio (TTM)||12.35|
|Forward Dividend & Yield||0.47 (9.81%)|
|Ex-Dividend Date||Jun 01, 2021|
|1y Target Est||6.30|
Telefonica (TEF) continues to revamp its organizational structure with the creation of Strategy and Development department. The unit will amalgamate corporate strategy, M&A, and digital capabilities.
An Argentinian court has dismissed legal action brought by Telecom Argentina SA (NYSE: TEO) against the government's plans to prevent alleged price increases, Telecompaper reports based on Europa Press. Telefonica alleged that the government's Decree 690 of 2020 was unconstitutional and caused significant harm to the company. However, the Federal Contentious Administrative Court ruled that the plaintiff failed to attest to the alleged damage sufficiently. Telefonica has already confirmed that it
Spain's Telefonica has hired investment bank Goldman Sachs to sell its 50% stake in a mobile masts operator in Britain, El Confidencial reported on Monday, citing sources close to the matter. The stake in Cornerstone Telecommunications Infrastructure Limited, which Telefonica shares with UK rival Vodafone, would be worth around 2 billion euros ($2.4 billion), El Confidencial said. A spokesman for Telefonica declined to comment and officials at Goldman Sachs didn't immediately reply to a request for comment.