Reading Auto Manufacturing’s Outperformance on November 23
The auto manufacturing industry provided a highest weighted return, at 0.085%, as well as the highest individual return, at 4.2%, on November 23.
Analyzing FEZ’s Telecommunication Industry in 2015
FEZ’s telecommunication industry provided a 5% return in 2015. Orange and Deutsche Telekom had positive performances. Telefonica had a negative performance.
How Vodafone Performed in Italy in 3Q16
Vodafone service revenue in Itay fell ~8.8% YoY (year-over-year) to reach ~0.93 billion pounds.
How Did Vodafone Perform in Germany in Fiscal 3Q16?
In fiscal 3Q16, Vodafone’s mobile customers in Germany decreased ~3.6% YoY to reach ~30.4 million.
Telefonica’s Mobile Component Dampened Revenue Growth in Spain
During 3Q15, Telefonica’s mobile revenue declined 2.6% YoY to 1.1 billion euros in Spain. A robust YoY increase in mobile data revenue limited the decline in mobile service revenues.
What Drove TEF’s Mobile Revenue in Argentina in 4Q15?
During 4Q15, the data revenue stream of Telefónica’s mobile component rose by ~30.2% organically YoY to reach ~0.25 billion euros in Argentina.
How Much Did TEF’s Mobile Segment Grow in Germany in 4Q15?
Year-over-year, Telefónica’s mobile revenue rose by ~2.8% to reach ~1.8 billion euros in Germany.
The FEZ ETF Rises After the ECB Statement
The FEZ ETF rose by ~1.4% in the October 22 trading session after the ECB statement. The top performing industries were banking, transportation, and REIT.
Quadruple Play and the European Cable Industry
Altice hopes to replicate Europe’s “quadruple play” model in the United States. Quadruple play is the bundling of high-speed Internet, television, land line, and mobile service in one package.
Recommendations on AT&T: The Word on the Street
Out of 36 recommendations on AT&T’s stock, around half gave “buys.” The proportion of “hold” recommendations on the stock was ~44.4% as of April 18, 2016.
How Cisco Is Helping Orange Keep Costs Low
To increase its efficiency, Orange (ORAN) is deploying Cisco Systems’ NSO software platform across its networks.
Altice Looking to Expand from Europe to the US
In May this year, Altice made a bid for a majority 70% stake in Suddenlink for $9.1 billion. The deal is expected to close by the end of this year.
France Is Struggling with Persistent Unemployment
France (EWQ) is one of the leading economies of the European Union (FEZ) (EZU) now facing a serious problem of unemployment.
Weak Industrial Production Data – Turkish Lira Continues Its Slide
In January 2015, Turkey recorded its biggest drop in industrial production in more than five years. Industrial production was down to -1.4% in January 2015.
How Does VimpelCom Compare to Its Peers?
The PBV ratios of VimpelCom, RBL, QQXT, and RSX are 1.1x, 0.57x, 4.6x, and 0.75x, respectively.
How Nokia Could Benefit from Huawei’s Woes
More operators are asking about Nokia’s (NOK) 5G equipment now that some countries are banning Huawei from participating in the development of their 5G networks.
Are Huawei’s Woes Creating Openings for Samsung?
Samsung (SSNLF) wants to capture 20% of the global market for telecom equipment by 2020.
How Important Are These Telecom and Cable Deals for Netflix?
In April, Comcast’s (CMCSA) Xfinity TV service included Netflix video content in its package deal.
Vodafone’s Stake in Africa Is Set to Fall
Vodafone’s (VOD) stake in its African subsidiary Vodacom is set to fall. Vodacom operates in several African countries.
Cisco Getting More of Orange’s Network Upgrade Budget
Orange’s capital spending was 7.4 billion euros in 2017.
Understanding Vodafone’s Cost Structure and Earnings Margins
Vodafone’s EBITDA was ~7.9 billion euros in fiscal 1H17, compared to ~8 billion euros in fiscal 1H16. Its EBITDA margin rose to 29.2% in fiscal 1H17.
Why Netflix Is Introducing More Payment Options Internationally
Netflix (NFLX) acknowledged during its fiscal 2Q16 earnings call that as it expands rapidly into international territories, payment systems in these territories aren’t developed equally.
Year-to-Date Portfolio Changes in ARTIX
ARTIX invests in non-US growth companies whose valuations it finds attractive. Though it has a growth bias, it doesn’t have a market-cap bias.
YTD 2016 Portfolio Moves of the Calvert International Equity Fund
The Calvert International Equity Fund (CWVGX) aims to invest in at least three countries and focuses on bottom-up research.
Cloud Security Solutions Drive Akamai’s Revenue
Akamai Technologies (AKAM) is a global leader in the content delivery network (or CDN) and has a market capitalization of $8.7 billion.
Sector Composition Changes in IEOAX until 1Q16
The Ivy European Opportunities Fund – Class A’s (IEOAX) assets were spread across 77 holdings as of March 2016. It was managing assets worth $224 million.
AT&T’s Valuation Metrics in the Global Telecommunication Market
As of March 11, 2016, AT&T was the largest global telecommunication player by market capitalization.
TEF’s Robust Revenue Growth Trend in Argentina Continued in 4Q15
Organically, TEF’s revenue rose robustly by ~18% year-over-year to ~1 billion euros in Argentina during 4Q15.
What Drove the Modest Growth in TEF Brasil’s 4Q15 Mobile Revenue?
On an organic level, year-over-year, Telefónica Brasil’s mobile revenue rose modestly by ~3.3% to reach ~1.5 billion euros in 4Q15.
What Supported TEF’s 4Q15 Organic Revenue Growth in Brazil?
Overall, Telefónica’s revenue in Brazil represented ~21.8% of its total revenue during 4Q15.
How Has the Calvert International Equity Fund Performed?
From a purely NAV (net asset value) return standpoint, the CWVGX had a forgettable showing in both the one-year period until February 29 as well as in 2015.
What’s the 2016 Outlook for Telefónica?
Telefónica reported its 2015 results on February 26, 2016. The telecom player’s revenue figure was ~47.2 billion euros for the year.
Anlyzing Vodafone’s Value Proposition in the Global Telecom Market
As of February 8, 2016, Vodafone was trading at a next-year PE (price-to-earnings) of ~37.9x.
Why Vodafone’s Service Revenue in Turkey Saw a Sharp Rise
During fiscal 3Q16, the growth trend in Vodafone Turkey’s mobile subscribers continued.
Vodacom’s Service Revenue Rose on Solid Organic Growth in 3Q16
As per Vodafone, Vodacom’s service revenue in South Africa increased by ~7.2% organically YoY in fiscal 3Q16 compared to ~3% YoY in fiscal 2Q16.
Verizon’s Value Proposition in the Telecom Space
As of January 22, 2016, Verizon was the third-largest global telecom company by market capitalization. It followed AT&T (T) and China Mobile (CHL).
How More Stimulus Might Affect Europe-Focused Mutual Funds
A rise in stocks after the European Central Bank’s announcement on January 21 provided a short-term boost to Europe-focused mutual funds (IEOAX) (UEPIX).
Orange Rose to Top of FEZ on Telecom Acquisition Announcement
On January 12, the stocks at the top of the SPDR Euro STOXX 50 ETF were Orange, LVMH Moet Hennessy Louis Vuitton, BMW, Danone, and SAP.
Anheuser-Busch Rose by 22% in 2015
Anheuser-Busch (BUD) provided the positive return of 22% in FEZ in 2015. Currently, the stock is trading at 114.6 euros. Its 52-week high is 119.65 euros.
Select Multiples of Telefonica and Its Peers
In this part, we’ll look at some of the metrics for Telefonica and its peers as of December 3, 2015. We’ll see how their stocks have performed in the last 52 weeks.
Analyzing the European Union’s GDP Composition
The EU’s (European Union) GDP (gross domestic product) depends on the service sector. The service sector contributes ~73.90% towards the EU’s (EZU) GDP.
Telefonica’s Fixed Services Supported Revenue Growth in Spain
Telefonica’s revenue from fixed services in Spain increased sharply by 4.6% YoY to 2.2 billion euros in 3Q15, largely due to a YoY increase in the fixed broadband and new services component.
Europe Dampened Vodafone’s Revenue Growth in Fiscal 1H16
Vodafone’s European component continued to dampen overall revenue growth during fiscal 1H16. The European component’s revenue fell ~4.8% year-over-year.
Mobile TeleSystems: What Led to Falling Income in Fiscal 3Q15?
Mobile TeleSystems is a telecommunications group located in Russia, as well as Central and Eastern Europe. It offers wireless internet access to customers.
VimpelCom Is Trading below Moving Averages in 2015
After VimpelCom’s 3Q15 earnings report, its stock fell by 5.1% to close at $3.52 on November 6, 2015.
In-Depth Analysis of the FEZ and Its Constituents
Out of the 52 constituents of the FEZ ETF, 50 stocks gave positive returns on October 22. This lead it to close up 1.4% from the previous trading session.