Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
An update from Telefonica ( (TELFY) ) is now available.
Telefónica has completed the sale of its entire 67.5% stake in Colombia Telecomunicaciones S.A. E.S.P. BIC to Millicom Colombia Holdings SAS for a total consideration of 214 million US dollars (about 182 million euros), following receipt of the necessary regulatory approvals and fulfilment of conditions. The transaction, which reduces the Telefónica Group’s net financial debt by around 1.55 billion euros, advances the company’s portfolio management policy and supports its broader strategic exit from Hispanoamérica, signaling a continued reshaping of its geographic footprint and capital allocation priorities.
The most recent analyst rating on (TELFY) stock is a Sell with a $3.40 price target. To see the full list of analyst forecasts on Telefonica stock, see the TELFY Stock Forecast page.
More about Telefonica
Telefónica, S.A. is a global telecommunications group headquartered in Spain, providing fixed and mobile connectivity, broadband and related digital services across Europe and Latin America, with a longstanding presence in multiple Hispano-American markets that has been undergoing gradual strategic reconfiguration and divestment.
Average Trading Volume: 1,605,316
Technical Sentiment Signal: Hold
Current Market Cap: $24.2B
For a thorough assessment of TELFY stock, go to TipRanks’ Stock Analysis page.