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Abertis, Iberdrola, Jazztel, Repsol, Telefonica: Iberian Preview

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Feb. 24 (Bloomberg) -- 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 10,633.4. Portugal’s PSI-20 Index gained 0.3 percent to 7,889.3.

Spanish stocks:

Abengoa SA (ABG SM): The Spanish engineering company that makes solar thermal plants posted net profit of 207.2 million euros ($284.6 million) for 2010, the company said in a regulatory filing. The shares lost 0.6 percent to 18.96 euros.

Abertis Infraestructuras SA (ABE SM): The Spanish infrastructure company posted 2010 net income of 662 million euros, compared with 2009 profit of 624 million euros. The shares gained 0.6 percent to 14.49 euros.

Antena 3 de Television SA (A3TV SM): The Spanish broadcaster posted net income of 109 million euros for 2010, the company said in a regulatory filing. The shares declined 1.9 percent to 7.10 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 slipped 0.5 percent to 3.95 euros.

Renta Corporacion Real Estate SA (REN SM): The Spanish real-estate developer posted a 2010 net loss of 27.9 million euros, compared with a 2009 loss of 54.5 million euros. The shares lost 0.9 percent to 1.62 euros.

Repsol YPF SA (REP SM): Spain’s biggest oil company said fourth-quarter profit adjusted to exclude inventories and one-off items rose to 499 million euros from 241 million euros. That compares with the 491 million-euro mean estimate in a Bloomberg survey of analysts. Repsol’s shares slipped 0.6 percent to 23.50 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.

Zeltia SA (ZEL SM): The Spanish pharmaceutical company that makes cancer treatments from sea creatures said its 2010 net loss narrowed to 7.4 million euros, compared with 25.9 million euros in 2009. The company commented in a regulatory filing. The shares rose 2.1 percent to 3.14 euros.

Portuguese stocks:

EDP Renovaveis SA (EDPR PL): The renewable-energy unit of Portuguese utility EDP-Energias de Portugal SA said full-year profit declined 30 percent to 80 million euros. The stock fell 0.8 percent to 4.24 euros.

Portugal Telecom SGPS SA (PTC PL): Portugal’s biggest phone company said fourth-quarter profit dropped to 54.5 million euros from 312 million euros a year earlier. The shares were unchanged at 8.23 euros.

To contact the reporters on this story: Ben Sills in Madrid at bsills@bloomberg.net

To contact the editor responsible for this story: David Merritt at dmerritt1@bloomberg.net

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