Bloomberg News

Telefonica Czech Unit Gains Second Day on Profit, Goldman Sachs

February 20, 2012

Feb. 20 (Bloomberg) -- Telefonica Czech Republic AS climbed for a second day after the phone company’s fourth-quarter profit exceeded analysts’ estimates and Goldman Sachs Group Inc. raised its price estimate for the shares to 440 koruna from 400 koruna.

The unit of Spain’s Telefonica SA rose 1.4 percent to 397.8 koruna by 9:43 a.m. in Prague. The stock rose 7.2 percent in the previous session, the most since October 2008.

--Editors: Linda Shen, Tim Farrand

To contact the reporter on this story: Krystof Chamonikolas in Prague at

To contact the editor responsible for this story: Gavin Serkin at

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