A solid Q2 release with revenues and EBITDA up by c.3.5% yoy and lfl respectively (note travel restrictions are still limiting roaming activities).
The stock is still trading 5% below its pre-COVID-19 levels: this is undeserved and we maintain our Buy opinion. The dividend yield is 7.35% and remains very sure according to us.
28 Jul 2021
Return to normalcy and outlook slightly raised
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Return to normalcy and outlook slightly raised
Telefonica Deutschland Holding AG (O2D:ETR) | 0 0 0.0%
- Published:
28 Jul 2021 -
Author:
Jean-Michel Salvador -
Pages:
3
A solid Q2 release with revenues and EBITDA up by c.3.5% yoy and lfl respectively (note travel restrictions are still limiting roaming activities).
The stock is still trading 5% below its pre-COVID-19 levels: this is undeserved and we maintain our Buy opinion. The dividend yield is 7.35% and remains very sure according to us.