1138 GMT - Telefonica's 2025 guidance doesn't look inspiring, ING analyst Jan Frederik Slijkerman writes in a note. The Spanish telecommunications group expects on-year organic growth in revenue and Ebitda, and its free cash flow level expected to be similar to last year. Additionally, "the growth figures and outlook don't point to a robust return to growth, although the performance in Germany is encouraging," Slijkerman says. Telefonica's progress to reduce its debts remain disappointing, he says. Shares are down 1.4% at 4.26 euros. (najat.kantouar@wsj.com)
(END) Dow Jones Newswires
February 27, 2025 06:38 ET (11:38 GMT)
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