As one of the largest telecommunications companies globally and one with high dividend yields in IBEX35, what is expected for Telefonica shares in 2024?
Origins of Telefónica (what is it)
Telefonica's narrative began almost a century ago, crafted by Spain's quest for modernity. Established as the National Telephone Company of Spain (CTNE) in 1924, the state-owned enterprise was charged with connecting the nation through telephone services. Fast forward to the 90s, and Telefonica underwent a monumental shift, completing its privatisation and transitioning into a corporate superpower. With seismic events such as the launch of Movistar — digital mobile telephony — in 1994 and the introduction of ADSL fixed broadband services in 1999, Telefonica's rise was meteoric. Today, its reach spans 24 countries, serving over 350 million customers worldwide.
What future do Telefonica shares have in 2024
Telefónica's shares, listed in multiple global markets including New York, Lima, Buenos Aires, London, and Madrid, offer an attractive dividend yield, making it a high-interest stock on the IBEX35 index. The company's commitment to innovation, new project ventures, and improving prospects in Latin America are some of its strengths.
However, Telefónica's high debt ratio and uncertainties surrounding new projects pose challenges. Investors should keep an eye on the company's strategies to generate income and manage its debt, especially considering potential rate increases. Despite these concerns, Telefónica's significant debt reduction in the past year and the promising performance of its subsidiaries in Germany and the UK indicate a positive outlook.
Investing in Telefónica in 2024 could be an opportunity to partake in the growth of a leading global telecom giant navigating the digital services market. However, as with all investments, it's crucial to consider both the potential rewards and risks.
How to Trade Telefónica shares with Skilling in 2024
Telefonica (TEFe.ES) shares can be traded on the Skilling through Contract for Differences (CFDs). These are derivative products that allow you to speculate on rising or falling prices, offering potential profits in both bullish and bearish markets. This flexibility, coupled with the ability to leverage your investment, makes CFDs an attractive option for many traders However, proper risk management is also vital as leverage also magnifies the risks.
Here's a step-by-step guide on how you can trade Telefonica shares using CFDs through Skilling:
- Create an account: Visit Skilling's website and sign up for an account or use a free demo account with virtual funds to familiarise yourself with trading.
- Find Telefonica shares: Log into your account and search for Telefonica shares, listed under the ticker "TEFe.ES".
- Decide to Buy or Sell: With CFDs, you can profit from both rising and falling prices. If you expect Telefonica's share price to increase, buy CFDs. If you anticipate a decrease, sell CFDs.
- Determine your position size: Decide on the number of shares you want to trade.
- Set Stop loss and Take profit: These tools automatically close your position when the price reaches a certain level, locking in profits or limiting losses.
- Monitor your trade: Keep track of market trends and news that could affect Telefonica's share price. You may need to adjust your stop loss or take profit points accordingly.
- Close your trade: You can close your trade manually at any time or let your stop loss or take profit orders do it automatically.
Remember: While CFD trading offers potential for significant gains, it also involves substantial risk due to market volatility and leverage. Always consider these factors and your financial situation before trading.
FAQs
1. When will Telefónica pay dividends in 2024?
As of today's date, February 14, 2024, the specific dividend payment dates for Telefónica in this year have yet to be announced. Please note that Telefónica has a history of paying dividends and had last paid a dividend of 0.15 euros per share on December 15, 2023. For updates on their 2024 dividend schedule, it's recommended to regularly check their official announcements or reliable financial news sources.
2. Where are Telefónica shares listed?
Telefónica is a multinational company with shares listed on several major stock exchanges around the world. These include the New York Stock Exchange (NYSE), as well as exchanges in Lima, Buenos Aires, London, and Madrid. Thus, investors across the globe have the opportunity to trade Telefonica's shares.
