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Stock impact report

Deal Optimism, Cost Cuts Key to European Telecoms' Breakout Year [Yahoo! Finance]

Telefonica SA (TEF) 
Last telefonica sa earnings: 2/23 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
analysts predict that the sector can maintain its new-found strength in the year ahead. Most Read from Bloomberg New York City's Historic Preservation Movement Is Having a Midlife Crisis NYPD Car Chases Are Becoming More Frequent — and More Dangerous Dakar's Air Quality Plummets as Saharan Dust Descends on Senegal Optimism over industry consolidation and an improving earnings outlook are among factors that have driven a 16% gain in the Stoxx 600 Telecommunications Index this year, putting the sector on track for its best performance since 2013. Not only that, the subindex's gains have outpaced the broad benchmark by more than 10 percentage points, halting five consecutive years of underperformance. The hope for investors is that the momentum can continue. Bulls point to signs that regulators are taking a lighter touch on mergers, relatively cheap valuations and an industry that has completed a big investment drive. “We have telecommunications as one of our more preferred Show less Read more
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