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Spanish stocks - Factors to watch on March 11

Published 11/03/2020, 05:56 pm
Updated 11/03/2020, 06:00 pm
© Reuters.  Spanish stocks - Factors to watch on March 11

March 11 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:

IBERDROLA IBE.MC

HSBC raised its recommendation for the Spanish utility to "buy" from "hold" and target price to 11.5 euros from 10.8 euros. ACS.MC

Spain's builder ACS will bid for a railway station in Canada with a budget estimated at about 577 million euros, financial daily Expansion reported on Wednesday.

Also, Australian company Cimic CIM.AX , which ACS controls indirectly through Germany's Hochtief HOTG.DE , announced its UGL division has been awarded rail contracts worth A$180 million.

BANKIA BKIA.MC

Bankia said it recommended shareholders to vote remotely in the March 27 AGM due to the unpredictable evolution of the coronavirus outbreak. ESPANA TL5.MC

Parent company Mediaset MS.MI releases in Italy its FY results, followed by conference call (0730 GMT).

LIBERBANK LBK.MC

Fitch revised Liberbank's outlook to positive and affirmed IDR rating at 'BB+'. UNI.MC

Fitch affirmed Unicaja's debt rating at 'BBB-' with a stable outlook. VID.MC

Berenberg cut target price to 99 euros from 103 euros. today's European market outlook double click on .EU .

For real-time moves on the Spanish blue-chip index IBEX please double click on .IBEX

For IBEX constituent stocks highlight .IBEX in the command box and press the F3 button on your keyboard

For latest news on Spanish stock moves double click HOT-ES

For Spanish language market report double click on .MES

For latest Eurostocks report please double click on .EU

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(Gdansk Newsroom; Gdansk.newsroom@thomsonreuters.com +48 58 778 51 10)

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