BME:TEFTelecom
Telefónica (BME:TEF) Valuation Check After Recent Share Price Drift and Portfolio Reshaping
Telefónica (BME:TEF) has been drifting lower over the past 3 months, even as its longer term 3 year and 5 year returns remain solidly positive. This sets up an interesting valuation reset.
See our latest analysis for Telefónica.
Over the past year, Telefónica’s share price return has slipped back while its three and five year total shareholder returns remain firmly positive. This suggests that recent weakness reflects shifting sentiment more than a broken long term story.
If Telefónica’s...