BofA On Telefónica: 3 Meaningful M&A Catalysts

The first-quarter results released by Telefonica S.A. (NYSE:TEF) suggest diminishing currency headwinds and easing COVID-19 comps from the second quarter should benefit the company's organic growth recovery, according to BofA Securities. The Telefonica Analyst: David Wright maintained a Buy rating for Telefónica, while reducing the price target from 5.40 euro...