The stock was up by 1% at the opening (in a market worried about the return of lockdowns and down by 3% overall) following the Q3 release. This is deserved as the group published a solid quarter with, in particular, a return to growth for EBITDA despite still-weak roaming. The stock is, however, still trading 15% below its February (and May!) levels: this is undeserved and we maintain our Buy opinion.
28 Oct 2020
A positive quarter for a good defensive stock
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A positive quarter for a good defensive stock
Telefonica Deutschland Holding AG (O2D:WBO), 0 | Telefonica Deutschland Holding AG (O2D:SWX), 0 | Telefonica Deutschland Holding AG (TELDF:OTC), 0 | Telefonica Deutschland Holding AG (0QAL:LON), 0 | Telefonica Deutschland Holding AG (O2D:ETR), 0
- Published:
28 Oct 2020 -
Author:
Jean-Michel Salvador -
Pages:
3
The stock was up by 1% at the opening (in a market worried about the return of lockdowns and down by 3% overall) following the Q3 release. This is deserved as the group published a solid quarter with, in particular, a return to growth for EBITDA despite still-weak roaming. The stock is, however, still trading 15% below its February (and May!) levels: this is undeserved and we maintain our Buy opinion.