ACS, Iberdrola, Jazztel, Repsol, Telefonica: Iberian 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 fell 0.6 percent to 10,633.40. Portugal’s PSI-20 Index gained 0.3 percent to 7,889.30.

Spanish stocks:

Actividades de Construccion y Servicios SA (ACS SM), Iberdrola SA (IBE SM), Repsol YPF SA (REP SM): Spain’s biggest construction company, its biggest power company and its biggest oil company are scheduled to report earnings. ACS shares rose 0.1 percent to 32.43 euros. Iberdrola shares fell 0.6 percent to 6.18 euros. Repsol shares slipped 0.6 percent to 23.50 euros.

Duro Felguera SA (MDF SM): The Spanish mining-equipment maker said in a filing it will pay a third 2010 gross dividend of 10 euro cents per share on March 15. The shares lost 1.1 percent to 5.66 euros.

Iberdrola Renovables SA (IBR SM): The world’s biggest producer of renewable energy said 2010 profit slipped 3 percent to 360 million euros. The shares fell 1.6 percent to 2.63 euros.

Jazztel Plc (JAZ SM): The Spanish broadband operator posted fourth-quarter profit of 4.8 million euros, compared with a net loss of 13.1 million euros a year earlier. The shares fell 0.5 percent to 3.95 euros.

Telefonica SA (TEF SM): Spain’s biggest phone company plans to increase its dividend by 14 percent to lure investors discouraged by Spain’s economic woes. The shares fell 0.9 percent to 17.87 euros.

Portuguese stocks:

EDP Renovaveis SA (EDPR PL): The renewable-energy unit of Portuguese utility EDP-Energias de Portugal SA is scheduled to report 2010 earnings befor the start of trading. The stock fell 0.8 percent to 4.24 euros.

Portugal Telecom SGPS SA (PTC PL): Portugal’s biggest telecommunications company is scheduled to report fourth-quarter earnings before the start of trading. The shares were unchanged at 8.23 euros.

To contact the reporters on this story: Ben Sills in Madrid at

To contact the editor responsible for this story: David Merritt at

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