Spanish stocks - Factors to watch on Feb. 20

Feb 20 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:


Spain’s Telefonica on Thursday predicted sales and core profit would remain stable over the coming year, after reaching organic growth targets for 2019.


Spanish oil company reported a 36% fall in adjusted net profit for the fourth quarter of 2019 on Thursday, squeezed by lower oil and natural gas prices.


The European Commission approved Telefonica’s purchase of a 50% stake in Prosegur’s alarm business in Spain, saying it raised no competition issues.


Citigroup raised the company’s target price to 36 euros from 31 euros.

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