Conservative leverage, FCF improvement, and on-track results make Telefonica stock a buy with a €4.9/share price target. Telefonica is a decent investment with good yield and potential for outperformance, primarily income-oriented. The company's 2Q24 results show accelerating top-line growth, EBITDA growth, and expansion of 5G coverage, supporting the positive thesis.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Telefonica, S.A. TEF reported a second-quarter 2024 net income of €447 million, which declined 3.3% year over year.
Telefónica, S.A. TEF is enhancing its commitment to sustainability through its Circular Economy Plan, leveraging 'VICKY,' a blockchain-based platform.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Telefonica (TEF) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Spanish holding company Criteria plans to raise its stake in Telefonica to 10%, matching the government's recently acquired stake in the telecoms company, news website El Confidencial reported on Tuesday, citing unidentified sources.