The group published a solid quarter with, in particular, a return to a solid 3.2% growth for EBITDA despite still weak roaming.
The group announced an enhanced dividend of €0.18 (vs €0.17 expected) for 2020.
The stock is, however, still trading 15% below its pre-COVID-19 (and last summer) levels: this is undeserved and we maintain our Buy opinion, given its secure 7.7% dividend yield.
24 Feb 2021
An enhanced dividend but still high capex for 2021-22
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
An enhanced dividend but still high capex for 2021-22
Telefonica Deutschland Holding AG (O2D:ETR) | 0 0 0.0%
- Published:
24 Feb 2021 -
Author:
Jean-Michel Salvador -
Pages:
3
The group published a solid quarter with, in particular, a return to a solid 3.2% growth for EBITDA despite still weak roaming.
The group announced an enhanced dividend of €0.18 (vs €0.17 expected) for 2020.
The stock is, however, still trading 15% below its pre-COVID-19 (and last summer) levels: this is undeserved and we maintain our Buy opinion, given its secure 7.7% dividend yield.