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
Telefonica ( (TELFY) ) just unveiled an announcement.
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 $214 million, equivalent to about €182 million at current exchange rates. The deal, which received all necessary regulatory approvals, will reduce Telefónica Group’s net financial debt by approximately €1.55 billion and forms part of the company’s ongoing asset portfolio management and its broader strategic exit from Hispanoamérica, signaling a continued refocusing of its geographic footprint and balance sheet strength.
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 Spain-based telecommunications group that provides fixed and mobile telephony, broadband, and digital services across multiple markets, historically including a significant presence in Latin America through its Telefónica Hispanoamérica subsidiary.
Average Trading Volume: 1,605,316
Technical Sentiment Signal: Hold
Current Market Cap: $24.14B
Learn more about TELFY stock on TipRanks’ Stock Analysis page.