Telefónica, in circles with 4 euros. How far can you go on Ibex?

Following Monday’s opening, Telefónica was positioned as one of many prime gainers on the Ibex 35. A rise of greater than 1.30%, standing near 4 euros.The cumulative annual determine for the Spanish firm reached a rise of 17.34%.

Thus, the telco appears to be reversing the course of the final three classes, which have registered a marginal decline. However, considering the inventory market at this time, Telefónica has registered a rise of 1.4% within the Ibex 35 over the previous 5 days and is chasing the psychological degree of 4 euros, a price it has not reached since Could 10. , and that Misplaced after the presentation of its outcomes.

In response to the weekly technical evaluation of all Ibex 35 shares by José Antonio González at Telefónica, “We’re seeing a gap in an space of ​​short-term technical relevance, recognized round €3.993/€3.948 per share, a day by day MACD oscillator Motion supported by bearish divergence in, a motion that permits updating of the subsequent bearish targets in the direction of the subsequent space of ​​technical relevance, estimated at €3.665 / €3.634 per share”.

The corporate, headed by José María Álvarez-Palet, reported that, within the first quarter of the yr, it achieved a revenue of 298 million euros, virtually 58% lower than in the identical interval of 2022. Whole income elevated by 6.7%, standing at 10,045 million, and the gross working end result, OIBDA for the corporate, was 3,121 million euros, decrease by 2.4%.

He Reuters analyst consensus costs its shares at 4.42 euros, which represents a Telefonica’s 12 Months Up 11.22%Its value goal after rising 0.5% over the previous three months. Amongst consultants masking the corporate, 41% advocate shopping for its shares, 48% favor to “maintain” and the remaining 11% have a promote choice on the title.

He Per Telefónica is at the moment 12.19% above the Ibex 35 common, which is 9.49%. The EPS (Earnings Per Share) is 0.32 and the PVC (Value to E-book Worth) is 0.96. dividend yieldThere, it’s 7.64%.