1400 GMT - Telefonica is among the most mentioned companies across news items over the past 12 hours, according to Factiva data. The Spanish telecommunications company reported a swing to a net profit for the fourth quarter on higher revenue, kept its dividend unchanged at 0.30 euros ($0.32) a share and said it expects organic growth in the low single percentage digits for both revenue and operating income before depreciation and amortization--a key profitability metric--in 2023. The company said it anticipates a ratio of capital expenditure excluding spectrum to sales of around 14% this year, down from 14.8% in 2022. Telefonica's 2023 outlook looks mixed, as consensus expectations for 1% growth in both revenue and Oibda are more conservative than the company's guidance while its target for the capex-to-sales ratio is higher than the consensus view of 13.3%, Bryan Garnier analyst Thomas Coudry said in a research note. Dow Jones & Co. owns Factiva. (adria.calatayud@dowjones.com)

(END) Dow Jones Newswires

February 23, 2023 09:14 ET (14:14 GMT)

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