Telefonica (Neutral, €4.8, +12%) Q4 24: Good for now, but the real answers lie down the road
Telefonica has reported a decent set of Q4 numbers, and the guidance outlook for 2025 seems decent, albeit poorly presented. However, a pending strategic review still leaves uncertainty on the strategic direction for the company under the new CEO and its capital allocation approachTelefonica is engaged in the provision of public or private telecommunications services, including ancillary or complementary telecommunications services or related services. Co.'s fixed business includes: traditional fixed telecommunication services, Internet and broadband multimedia services, data and business-aplications services, and wholesale services for telecommunication operators. Co. also provides a range of mobile and related services and products to consumer and business customers, including mobile voice services, value added services, mobile data and Internet services, wholesale services, corporate services, roaming, fixed wireless, and, trunking and paging.
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