Telefonica S.A. (ADR) (NYSE:TEF)

CAPS Rating: 5 out of 5

A telecommunications group that provides a range of services in Spain and Latin America. Provider of fixed-line public voice telephone services, wireless communications services, Internet access services and data transmission services.

Recs

0
Player Avatar pchop123 (76.58) Submitted: 8/7/2012 10:42:19 AM : Outperform Start Price: $12.52 TEF Score: +0.04

undervalued with great management & 13.7% yield

Member Avatar GundersonGroup (59.71) Submitted: 8/7/2012 11:35:08 AM
Recs: 0

Zacks – Fri, Jul 27, 2012

Given the lingering economic conditions, Telefonica suspended dividend payments and share buybacks for the second half of 2012 and the first half of 2013. The company will nevertheless resume the payouts in the fourth quarter of 2013 with a lower dividend rate. The company would pay a dividend of €0.75 per share, down 50% from the €1.50 per share projected previously.

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