TEF - Telefonica, S.A.

NYSE - Nasdaq Real Time Price. Currency in USD
-0.04 (-0.60%)
As of 11:36AM EST. Market open.
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Previous Close7.46
Bid7.42 x 1400
Ask7.43 x 45900
Day's Range7.40 - 7.48
52 Week Range6.50 - 9.01
Avg. Volume1,747,351
Market Cap39B
Beta (3Y Monthly)1.02
PE Ratio (TTM)11.66
EPS (TTM)0.64
Earnings DateN/A
Forward Dividend & Yield0.44 (5.95%)
Ex-Dividend Date2019-12-17
1y Target Est7.83
  • Is Telefonica (TEF) a Profitable Stock for Value Investors?

    Is Telefonica (TEF) a Profitable Stock for Value Investors?

    Let's see if Telefonica (TEF) stock is a good choice for value-oriented investors right now from multiple angles.

  • Telefonica to Adopt Multi-Vendor Policy for 5G in Spain

    Telefonica to Adopt Multi-Vendor Policy for 5G in Spain

    Telefonica (TEF) seeks to adopt a multi-vendor strategy with Huawei to reinforce 5G network infrastructure in Spain.

  • Telefonica to choose another supplier alongside Huawei for 5G network

    Telefonica to choose another supplier alongside Huawei for 5G network

    Telefonica will buy some of the core equipment for its planned 5G mobile network in Spain from Chinese telecoms giant Huawei but also choose a second provider next year, a company spokesman said on Friday. The move, first reported by Spanish economic daily Expansion, marks a strategic shift for Telefonica which previously relied only on Huawei. The Chinese company provided Telefonica's 3G and 4G core networks in Spain.

  • Financial Times

    Why Telefónica is slimming down in South America

    When José María Álvarez-Pallete returned to Europe in 2012 after almost a decade in Latin America, he calculated that during that time he had spent 679 nights asleep on a plane jetting between Telefónica’s Madrid headquarters and its far-flung network of businesses stretching from Mexico to Patagonia. Telefónica had spent more than $100bn expanding across the continent but the geographically huge business accounted for only a quarter of the Spanish company’s revenue. Mr Álvarez-Pallete held his nerve and went ahead with a $9.5bn acquisition of BellSouth’s South American operations in 2004, outbidding billionaire Carlos Slim.

  • Telefonica to Modify Latin American Businesses to Aid Sales

    Telefonica to Modify Latin American Businesses to Aid Sales

    The radical restructuring process is likely to feature an "operational spin-off", whereby Telefonica (TEF) will create two separate business entities, namely Telefonica Tech and Telefonica Infra.

  • Wishful Thinking Won't Fix Telefonica’s $57 Billion Problem

    Wishful Thinking Won't Fix Telefonica’s $57 Billion Problem

    (Bloomberg Opinion) -- Telefonica SA’s share price needs to double to get back to its 2015 value. Chief Executive Officer Jose Maria Alvarez-Pallete launched a new strategy on Wednesday with a long letter full of the latest corporate buzzwords and setting out the need for radical change and bold vision. The five-point plan that came at the end showed that lofty language can’t hide what’s doable in reality.The Spanish telecoms operator has been a terrible performer in a terribly performing sector. It has too much debt and too little growth. Worse, there’s a mismatch between its largely dollar- and euro-denominated borrowings and revenues from a big business in Latin America. Financial leverage amplifies its woes. What keeps investors hanging on? A chunky dividend and a yield of 6%.Pallete imagines a Telefonica that makes “our world more human, by connecting lives in a sustainable way.” He cites Antoine de Saint-Exupery’s apercu that “the essential is invisible to the eyes” in support of a plan to take Telefonica back to its essence, perhaps not quite what the French writer had in mind.But such a wish-driven strategy runs up against the problem that you can’t make a company with an enterprise value of 96 billion euros ($105 billion) — including $57 billion of net debt — something different just by thinking it so.The centerpiece of the new plan is that Latin America, except Brazil, becomes non-core. Telefonica has harvested the available growth from this market, and it can’t afford to tie up capital in a business whose contribution is weak and volatile. Selling these assets at a price above the group’s 3.5 times net debt-to-Ebitda ratio would bring down leverage, and that’s a lower multiple than recent transactions in the region, as analysts at UBS Group AG note.Even asset sales at bad prices would reduce the currency mismatch problem regardless of whether they dented leverage. The snag is that buyers won’t be queuing up. For now, this piece of the plan merely show investors the direction of travel.Now to growth. Telefonica is creating two new silos made up of its disparate technology businesses and its infrastructure assets. This doesn’t create immediate value but it’s sound management: People perform better when they operate within simple structures with clear goals.Pallete has been three years in the job and 20 with the company. Would a new CEO from outside have done anything different, especially with regards the dividend? This has been held for the last three years after Pallete cut it in 2016. But the shares yield more than all Telefonica’s large peers bar BT Group Plc. A further trim would have shown stronger commitment to paying down debt and it’s the only deleveraging mechanism the company controls.The other unresolved issue is Britain, where Telefonica owns the O2 mobile operator. A sale to Liberty Global Plc’s Virgin Media might substantially reduce leverage. But the Spanish company says the U.K. is a core market; it might prefer to be a buyer of Virgin. It’s hard to see how it could justify such a deal right now.Telefonica is right to be diverting capital to markets closer to home where it can really make a difference as the demand for data explodes. Its problem however is not a lack a vision, but an excess of debt.To contact the author of this story: Chris Hughes at chughes89@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Hughes is a Bloomberg Opinion columnist covering deals. He previously worked for Reuters Breakingviews, as well as the Financial Times and the Independent newspaper.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Reuters

    'We need to reinvent': Spain's Telefonica eyes $2.2 billion sales boost

    Spain's Telefonica said it would split out part of its Latin America business and create new units for digital technology and infrastructure under a plan aimed at generating more than 2 billion euros ($2.20 billion) a year in extra revenues by 2022. "The model is tired out so we need to reinvent ourselves," Chief Executive Jose Maria Alvarez-Pallete told a news conference on Wednesday called unexpectedly after a board meeting to approve the plan. The new measures include an "operational spin-off" of Telefonica's business in Spanish-speaking Latin America, leaving the company to focus on key markets in Spain, the United Kingdom, Brazil and Germany.

  • Benzinga

    What Brazil's New Political Party Means For Investors

    The iShares MSCI Brazil Index (NYSE: EWZ ) is up 2% in the past week as far-right President Jair Bolsonaro announced he would be leaving his right-wing Social Liberal Party (PSL) and launching his own ...

  • Reuters

    UPDATE 2-Telefonica signs deal to use AT&T infrastructure in Mexico

    Telefonica has signed a contract to use the so-called last-mile network of its U.S. rival AT&T in Mexico, the local chief executive of the Spanish telecommunications company said on Thursday. Telefonica Mexico CEO Camilo Aya said the deal with AT&T was not exclusive and that the Spanish company's traffic would remain completely separate from that of its U.S. competitor. Telefonica said in a statement that the deal will lead to an annual positive impact on cash flow of around 230 million euros ($254 million) from 2022, as well as a reduction in net debt of around 500 million euros.

  • Telefonica teams up with AT&T in Mexico in new bid to take fight to Slim

    Telefonica teams up with AT&T in Mexico in new bid to take fight to Slim

    Spanish telecoms giant Telefonica has struck a deal to use some of U.S. rival AT&T's infrastructure in Mexico, a move analysts said would better position both to compete with the market's juggernaut, billionaire Carlos Slim's America Movil. Under the agreement announced on Thursday, Telefonica will use AT&T's wireless 'last-mile' equipment - the final link of telecom networks that delivers service to consumers through towers, antennas and fiber-optic cables. Analysts framed the deal as a lifeline for Telefonica in Mexico, where the company has long struggled to gain traction.

  • MarketWatch

    Slack shares slump as Microsoft continues to make corporate inroads

    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.

  • Telefonica COO supports consolidation in Spanish telecom crowd

    Telefonica COO supports consolidation in Spanish telecom crowd

    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.

  • Reuters

    UPDATE 2-Britain's Virgin Media switches to Vodafone's mobile network

    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.

  • Reuters

    Jeweler Pandora's sales warning leads Europe lower

    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.

  • MarketWatch

    Telefonica backs 2019 view after net loss

    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

    Cable Onda, S.A. -- Moody's assigns Ba1 rating to Cable Onda; Stable Outlook

    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.

  • Is Telefonica S.A.  (TEF) A Good Stock To Buy?
    Insider Monkey

    Is Telefonica S.A. (TEF) A Good Stock To Buy?

    Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 750 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile […]

  • Reuters

    Deals of the day-Mergers and acquisitions

    ** 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.

  • Reuters

    America Movil says not negotiating with Telefonica, Telecom Italia over Oi

    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

    Atento Luxco 1 -- Moody's announces completion of a periodic review of ratings of Atento Luxco 1

    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 (JNPR) Boosts Network Capabilities of Telefonica UK

    Juniper (JNPR) Boosts Network Capabilities of Telefonica UK

    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.

  • Reuters

    UPDATE 2-Brazil's Oi in talks to sell mobile unit to Telecom Italia, Telefonica -sources

    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.

  • Moody's

    Telefonica del Peru S.A.A. -- Moody's announces completion of a periodic review of ratings of Telefonica del Peru S.A.A.

    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.