Bloomberg reports Telefonica S.A. (ADR) (NYSE:TEF) is near a deal to buy Spanish media giant Prisa’s 56% stake in satellite TV unit Canal+ for €800M ($1.1B). Sources state Telefonica, which already owns 22% of Canal+, might pay for the purchase with cash. Telefonica S.A. (ADR) (NYSE:TEF) stock opened at $15.74 in last session, and closed at $15.88, while the day range of TEF stock is $15.68-$15.88. The stock showed a positive weekly performance of 5.66%.
Orange SA (ADR) (NYSE:ORAN) reported its full year results for the period ending December 2013 in which profits slumped amidst earnings per share coming in at 94 cents against consensus estimates of $1.27. Full year revenues clocked in at €40.981 billion, a drop of 4.5% compared to the same quarter a year ago. Excluding regulatory measures Orange revenues for the full year were down by 2.6% mainly as a result of a decline in service revenues in France and Poland. Orange SA (ADR) (NYSE:ORAN) stock opened at $14.59, in last session and closed at $14.73, by gained 3.88%. The 52 week range was $9.10-$14.78. Company’s market capitalization is $38.76 billion.
Nippon Telegraph & Telephone Corp (ADR) (NYSE:NTT) is one of the companies pushing the Technology sector lower. As of noon trading, Nippon Telegraph & Telephone is down $0.54 (-2.1%) to $25.54 on average volume. Thus far, 153,519 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 312,800 shares. The stock has ranged in price between $25.42-$25.64 after having opened the day at $25.60 as compared to the previous trading day’s close of $26.08. Nippon Telegraph & Telephone Corp (ADR) (NYSE:NTT) stock loosed -1.05% and finished the last session at $28.35. The EPS of the stock remained 2.34. Company’s market capitalization is $64.45 billion.
KT Corporation (ADR) (NYSE:KT) earns an F (“strong sell”) this week, moving down from last week’s grade of D (“sell”). KT provides telecommunication services including local, long distance, and international calling, satellite communication, data transmission, and wireless telephone services in South Korea. The stock receives F’s in Earnings Growth, Earnings Momentum, Earnings Revisions and Margin Growth. KT Corporation (ADR) (NYSE:KT) stock opened the session at $13.46, and closed the session at $13.39. The 52 week range of the KT stock remained $13.26-$18.31 and the day range was $13.35-$13.49.