Goldman Sachs reduces stake in Telefónica to 5.533% from 8.081%

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Alphavalue/DIVACONS | Goldman Sachs has reduced its stake in Telefónica to 5.533%, down 2.5 percentage points from the 8.081% it previously held in the company chaired by José María Álvarez-Pallete, according to filings with the National Securities Market (CNMV).

Telefónica: Buy, Target Price 6.23 euros/share.

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