Spanish stocks - Factors to watch on March 3

  • Reuters
  • Stock Market News
Spanish stocks - Factors to watch on March 3
Credit: © Reuters.

March 3 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:

TELEFONICA TEF.MC

The Brazilian unit of Spanish telecom Telefonica said on Tuesday that it had agreed with Canadian pension fund CDPQ to create a joint venture to develop a "neutral and independent" wholesale fibre optic network in Brazil. DE SABADELL SABE.MC

Banco de Sabadell said on Tuesday it would issue perpetual preferred securities for 500 million euros ($604.30 million). IBE.MC

Spanish electric utility Iberdrola said on Wednesday that Neonergia's unit Bahia Geracao de Energia completed the acquisition of 100% of the Brazilian company CEB Distribuicao SA. AUTOMOTIVE CIEA.MC

Cie Automotive paid 22 million euros to raise its stake in the joint venture with Mahindra Cie MAHN.NS to 60.18%, thus strengthening its position on the Asian market, Spanish newspaper Expansion reported on Wednesday.

ACERINOX ACX.MC

JP Morgan raised target price to 12 euros from 11.4 euros. SANTANDER SAN.MC

Morgan Stanley (NYSE: MS ) raised target price to 3.7 euros from 3.5 euros. GAMESA RENEWABLE ENERGY SGREN.MC

Morgan Stanley raised target price to 30.5 euros from 28.1 euros. today's European market outlook double click on .EU .

For real-time moves on the Spanish blue-chip index IBEX please double click on .IBEX

For IBEX constituent stocks highlight .IBEX in the command box and press the F3 button on your keyboard

For latest news on Spanish stock moves double click HOT-ES

For Spanish language market report double click on .MES

For latest Eurostocks report please double click on .EU

($1 = 0.8274 euros) (Gdansk Newsroom; Gdansk.newsroom@thomsonreuters.com +48 58 769 66 00)

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