Telefonica: Not Much Value For Long-Term Investors
Telefonica is currently rated a Sell due to its weak growth outlook and poor historical performance. The company has shifted its strategy from high dividends to balance sheet deleveraging, resulting in a significant cut to its dividend payouts. Investors are advised to reconsider their positions in light of these changes.
- ▪Telefonica has reduced its dividend payout ratio by approximately 50%.
- ▪The company's investment case now relies on restructuring efforts.
- ▪Analysts have a bearish stance on Telefonica due to its lack of growth.
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