Acciona, Service Point, Repsol, Tecnicas Reunidas: Iberian Equity Preview

The following companies may have unusual price changes in Spanish and Portuguese trading. Stock symbols are in parentheses and share prices are from the previous close.

Spain’s IBEX 35 Index rose 1.2 percent to 10,349.7. The PSI-20 index rose 0.8 percent to 7,825.47.

Spanish Stocks:

Acciona SA (ANA SM): The Spanish construction company said its nine-month net income dropped 3.3 percent to 101 million euros ($137 million). The stock rose 1.3 percent to 59.06 euros.

Azkoyen SA (AZK SM): The company posted nine-month net income of 2.9 million euros compared with a net loss of 1.4 million euros a year earlier, the company said in a regulatory filing today. The stock retreated 0.7 percent to 2.19 euros.

Endesa SA (ELE SM): The utility controlled by Enel SpA (ENEL IM) was raised to “hold” from “reduce” at Caja Madrid Bolsa (ESN) by equity analyst Victor Peiro Perez. The 12-month target price is 20.30 euros per share. Endesa’s stock rose 1 percent to 19.77 euros.

Pescanova SA (PVA SM): The fish processer said in a filing that its nine-month net income rose to 15.4 million euros from 14.1 million euros a year ago. The stock rose 2.8 percent to 24.37 euros.

Service Point Solutions SA (SPS SM): The Spain’s only publicly traded document-management company said in a filing that its nine-month net loss widened to 5.05 million euros from a loss of 1.96 million euros a year earlier. The stock was unchanged at 54 cents.

SOS Corporacion Alimentaria SA (SOS SM): The world’s largest olive-oil bottler said its nine-month loss before taxes narrowed to 10.7 million euros from a loss of 134.1 million euros a year earlier. The stock rose 3 percent to 1.56 euros.

Repsol YPF SA (REP SM): The Spanish oil company may increase its dividend by 17 percent, Cinco Dias reported, citing unidentified sources. Repsol’s board will meet on Nov. 24 to decide on the amount, the paper said. The shares added 1.8 percent to 19.95 euros.

Tecnicas Reunidas SA (TRE SM): Chief Executive Officer Juan Llado said today in a conference call that the company’s backlog was 6.3 billion euros at the end of September and may remain above 6 billion euros at the end of the year. The shares rose 0.4 percent to 42.61 euros.

To contact the reporter on this story: Esteban Duarte in Madrid at eduarterubia@bloomberg.net

To contact the editor responsible for this story: Paul Armstrong at Parmstrong10@bloomberg.net.

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