
Telefónica Plans NYSE and LSE Delisting to Streamline Operations

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Telefónica plans to delist its American Depositary Shares and several debt securities from the NYSE and Lima Stock Exchange to reduce administrative costs and simplify operations. Alternative listings are planned in Euronext Dublin and continued trading on Spanish Stock Exchanges. This decision will not impact its U.S. clients or partners. Analysts rate TEF stock as a Sell with a $3.40 price target, citing financial performance challenges and bearish momentum.
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