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Telefonica Gains 12% in 6 Months: Should Investors Buy TEF Stock?
ZACKS· 2024-08-28 22:41
Telefónica, S.A. (TEF) stock has risen 12% in the past six months, outperforming the sub-industry and S&P 500's growth of 2.7% and 10.7%, respectively. TEF's stock has outperformed some of its peers in the industry in the past six months. While TELUS Corporation (TU) and BCE Inc (BCE) shares have dropped 7.4% and 5.1%, respectively, shares of Deutsche Telekom AG (DTEGY) have moved up 19.2%. Image Source: Zacks Investment Research Improving financial performance is behind the stock price surge. Telefonica re ...
Telefonica: There Is Further Upside Here - I Say 'Buy'
Seeking Alpha· 2024-08-22 15:25
idal/iStock via Getty Images Dear readers/followers To say that Telefonica (NYSE:TEF) is my "best" or most qualitative telecommunications investment would be a bit of an overstatement and exaggeration. I would say that Telefonica has been a decent investment, with a good yield, and good further potential for outperformance. It's important to understand here that different investments I make have different goals and overall targets for how they are positioned in my portfolio. Telecommunications are investmen ...
Telefónica(TEF) - 2024 Q2 - Earnings Call Transcript
2024-07-31 20:45
财务数据和关键指标变化 - 公司Q2收入同比增长1.2%,服务收入增长2.2%,所有主要业务单元均实现收入增长 [13] - EBITDA同比增长1.8%,EBITDAL减资本支出同比增长11.5%,超出全年指引范围 [10][14] - 资本支出占收入比例为12.1%,体现了公司高效的资本配置 [11] - 扣除秘鲁的一次性税收支付,自由现金流同比增长超过20% [15] 各条业务线数据和关键指标变化 - 西班牙业务:所有主要客户群体均实现同比正增长,收入和EBITDA均保持增长 [25][26] - 巴西业务:维持在移动和光纤宽带业务的领导地位,客户价值提升,财务指标保持强劲增长 [31][32] - 德国业务:核心业务保持良好的商业动能,EBITDA保持增长 [33][34] - 英国合资公司VMO2:保持在固定宽带ARPU和客户粘性方面的领先地位,光纤部署加速 [35][36] - Telefónica Tech:持续实现双位数收入同比增长,获得大型客户合同 [37][38][39] - Telefónica Infra:光纤到户基数持续增长,Telxius保持高盈利能力,数据中心业务Nabiax受到市场关注 [40] 各个市场数据和关键指标变化 - 西班牙:所有主要客户群体均实现同比正增长,收入和EBITDA均保持增长 [25][26] - 巴西:维持在移动和光纤宽带业务的领导地位,客户价值提升,财务指标保持强劲增长 [31][32] - 德国:核心业务保持良好的商业动能,EBITDA保持增长 [33][34] - 英国:VMO2保持在固定宽带ARPU和客户粘性方面的领先地位,光纤部署加速 [35][36] - 拉美地区(Hispam):主要财务指标实现同比改善,正在寻求市场整合机会 [42] 公司战略和发展方向及行业竞争 - 公司持续推进网络转型,光纤覆盖率和5G覆盖率不断提升 [16][51][52][53] - 聚焦客户,提升运营效率,利用人工智能优化网络部署和提高组织效率 [17][18] - 在西班牙和拉美地区寻求市场整合机会,签署了相关谅解备忘录 [12][42] - 在西班牙和德国签署了重要的批发协议,提高网络利用率和收益 [22][23][28][29][30] 管理层对经营环境和未来前景的评论 - 公司对2024年全年目标保持信心,各主要指标均处于良好水平 [48][49][50][54][56] - 预计西班牙EBITDA增长将在下半年加速,拉美地区也将持续改善 [63][90] - 公司采取多种措施控制汇率波动对现金流的影响,保持自由现金流增长目标 [94][95][101][102] - 公司看好未来发展前景,在各主要市场都有积极的催化剂 [57][58] 其他重要信息 - 公司在可持续发展方面持续领先,发布了最新的气候行动计划,并获得权威机构认可 [20] - 公司在人工智能道德方面的承诺不断完善,体现了其作为负责任科技公司的定位 [21] 问答环节重要的提问和回答 问题1 **Andrew Lee 提问** 询问西班牙EBITDA增长的预期和中长期可持续水平 [61] **Jose Maria 回答** 西班牙EBITDA增长将在下半年加速,主要受到租赁成本影响的因素正在逐步消除 [63][64] 问题2 **Andrew Lee 提问** 询问集团批发收入增长前景,新签的Digi和Vodafone协议的影响 [62] **Angel Vila 回答** Digi协议的价格和预期流量增长挂钩,不会对零售市场造成侵蚀,Vodafone协议也将为批发收入带来增量 [107][114] 问题3 **Mathieu Robilliard 提问** 询问秘鲁税务纠纷对2024年自由现金流的影响 [86] **Laura Abasolo 回答** 秘鲁税务支付已经包含在2024年指引中,不会影响全年自由现金流增长目标 [88][89]
Telefonica (TEF) Repurposes 19M+ Devices, Boosts Sustainability
ZACKS· 2024-07-15 23:50
Telefónica, S.A. (TEF) is enhancing its commitment to sustainability through its Circular Economy Plan, leveraging 'VICKY,' a blockchain-based platform. Since the launch of the platform five years ago, Telefónica has successfully repurposed more than 19 million routers and set-top boxes across all its operations. VICKY, Telefónica's innovative supply chain management system for external equipment such as routers and set-top-boxes, significantly enhances plant and warehouse visibility. It not only reduces le ...
Is Telefonica (TEF) Stock Undervalued Right Now?
ZACKS· 2024-07-15 22:41
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performan ...
Should Value Investors Buy Telefonica (TEF) Stock?
ZACKS· 2024-06-20 22:45
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on ke ...
Telefónica Tech and IBM Sign a New Collaboration Agreement to Drive the Development of AI, Analytics and Data Management Solutions for Enterprises
Prnewswire· 2024-06-18 16:00
The two companies will deploy SHARK.X, an open, hybrid and multi-cloud hardware and software platform specialized in analytics, data management and AI Telefónica Tech and IBM will create a use case office to develop customer pilots The new collaboration agreement will promote training and education actions to develop and scale digital transformation projects in the business sector and public administration based on these technologies Technology and co-creation to provide answers to real business needs IBM C ...
Are Investors Undervaluing Telefonica (TEF) Right Now?
ZACKS· 2024-06-04 22:45
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being unde ...
Telefonica SA (TEF) Hits Fresh High: Is There Still Room to Run?
ZACKS· 2024-06-04 22:16
Have you been paying attention to shares of Telefonica (TEF) ? Shares have been on the move with the stock up 3.3% over the past month. The stock hit a new 52-week high of $4.72 in the previous session. Telefonica has gained 20.8% since the start of the year compared to the 2.9% move for the Zacks Utilities sector and the -0.5% return for the Zacks Diversified Communication Services industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as it hasn't m ...
Telefónica(TEF) - 2024 Q1 - Earnings Call Transcript
2024-05-09 20:35
财务数据和关键指标变化 - 公司Q1收入同比增长0.9%,增速较上一季度提升1.4个百分点 [23][24] - 公司Q1EBITDA同比增长1.9%,保持了盈利增长 [25] - 公司Q1EBITDA减资本支出率维持稳定,为10.4% [26] - 公司Q1自由现金流同比增长,剔除巴西一次性税收收益后增长43百万欧元 [48][49] 各条业务线数据和关键指标变化 - 西班牙业务收入增长,EBITDA增长,客户净增加,收视TV客户转正 [30][31][32] - 巴西业务收入、EBITDA、客户数均保持强劲增长,移动合约客户ARPU和流失率创新低 [36][37] - 德国业务收入增长,EBITDA增长5%,客户净增加,移动ARPU同比增长 [38][39] - 英国合资公司VMO2固定宽带净增加有所下滑,但移动和固定ARPU趋于稳定 [40] - 电信科技业务销售额保持高增长,订单增长超30% [41][42] 各个市场数据和关键指标变化 - 西班牙市场客户满意度和客户流失率持续改善,为公司带来更高的客户终身价值 [144] - 英国市场光纤铺设加速,公司正在与主要批发客户进行谈判 [151] 公司战略和发展方向及行业竞争 - 公司持续加大5G和光纤网络投资,提升客户体验和网络差异化 [17][18] - 公司正在简化运营和公司架构,提高效率 [20] - 公司在西班牙与Digi签署了长期网络协议,预计将为批发业务带来长期稳定收益 [34][95][96] - 西班牙市场格局正在重塑,公司将与新的市场参与者进行合作 [98][99][100] 管理层对经营环境和未来前景的评论 - 公司Q1业绩表现良好,保持了收入和EBITDA的增长势头,对全年目标充满信心 [61][62][63] - 公司看好未来在各核心市场的发展机遇,包括西班牙的网络协议、巴西的监管变革、德国的频谱延期等 [67] - 管理层认为公司的增长和效率举措将持续推动EBITDA减资本支出的增长 [76][77] 问答环节重要的提问和回答 问题1 **Ondrej Cabejsek 提问** 询问Digi网络协议的具体情况,包括协议期限和定价等 [91][92][93] **Angel Vila 回答** 协议正在最终确定中,暂不能透露具体细节,但协议将超越传统的漫游协议,包括一些共享成分,预计收益至少与现有协议持平 [95][96][97] 问题2 **David Wright 提问** 询问Digi协议是否涉及网络共享、频谱共享等 [120][121][122] **Angel Vila 回答** Digi获得的频谱无法独立建网,需要国家漫游协议,公司希望与Digi达成更加稳定的长期合作关系 [129][130] 问题3 **Keval Khiroya 提问** 询问德国业务EBITDA增长是否可持续,以及在失去一家批发客户后的应对措施 [134][135][136][137] **Angel Vila 回答** 德国业务有望保持盈利增长,通过自有客户增长、产品组合优化和效率提升等多种措施来应对 [135][136][137]