Telefonica Shares Rise on Growth Forecast and Debt Cut
The Spanish telecoms giant reaffirmed its full-year guidance and reported a reduction in leverage to 2.72 times. Management expects improved performance in Spain and Germany later this year as the company continues its strategy of cutting debt and divesting Latin American units.
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TELEFONICA SA shares rose 6.7% after the telecom operator forecasted accelerated growth in core European markets for the second half of 2026. This surge represents the largest single-day gain for the stock in more than six years. Investors are reacting to a combination of lower leverage and a shift toward European consolidation as Telefonica exits non-core Latin American markets.
