Telefonica Q3 Revenue, EBITDA and Cash Flow Beat Consensus, Germany Trends Weak
Berenberg analysts Nick Lyall and Paul Sidney say Telefonica's third-quarter revenue, EBITDA and cash flow exceeded consensus. German service revenue improved from the previous three months, while the EBITDA decline worsened.
Telefonica's third-quarter revenue, Ebitda and cash flow were all ahead of consensus, but trends in Germany seem weak, Berenberg's Nick Lyall and Paul Sidney write in a note. Service revenue in the country improved compared with the previous three months, but the decline in Ebitda worsened, the ana…