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Telefonica S.A. (ADR) (TEF), Telecom Italia S.p.A. (ADR) (TI): The Bottom Line
The European telecom sector has been under pressure for a long time. High capex needs combined with the long European recession (which produced price wars across the region) have made margins tumble.
Italy Borrowing Costs Hit Two-Year Low
The reaction in the Italian ETF and ADRs is signaling favorable gains as well. The iShares MSCI Italy Capped Index (NYSEMKT: EWI) is up a sharp 2.5% at $13.19 on the day, and the ADRs for Telecom Italia SpA (NYSE: TI) are up 4.6% at $8.40 on the day in ...
ADR REPORT-ADRs pull back slightly after Friday's rally
The BNY Mellon index of leading European ADRs slipped 0.4 percent, while the FTSEurofirst 300 index of top shares closed down 0.1 percent.
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ADR REPORT-ADRs retreat on dollar strength
Telecom Italia advanced 2.4 percent to $8.38 after the company's chairman said a proposed spin-off its domestic phone lines, its most valuable asset, would take time to execute.
ADR REPORT-ADRs climb as new Italian leader calls for growth
U.S.-listed shares of Telecom Italia rose 4.2 percent to $8.37 while oil and gas company Eni SpA advanced 1.6 percent to $47.60.
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