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Telefonica ( (ES:TEF) ) has issued an announcement.
Telefónica has announced the sale of its entire stake in Telefónica Móviles del Uruguay S.A. to Millicom Spain, S.L. for USD 440 million. This move is part of Telefónica’s strategy to manage its asset portfolio and reduce its exposure in the Latin American market, pending regulatory approvals.
The most recent analyst rating on (ES:TEF) stock is a Hold with a EUR4.00 price target. To see the full list of analyst forecasts on Telefonica stock, see the ES:TEF Stock Forecast page.
More about Telefonica
Telefónica is a major player in the telecommunications industry, providing a wide range of services including mobile and fixed-line telephony, broadband, and digital solutions. The company operates primarily in Europe and Latin America, focusing on enhancing connectivity and digital transformation.
Average Trading Volume: 11,716,712
Technical Sentiment Signal: Buy
Current Market Cap: €25.38B
See more data about TEF stock on TipRanks’ Stock Analysis page.