Telefónica rises 13.5% in the stock market in the six months of Marc Murtra's presidency

Marc Murtra has been at the helm of Telefónica for six months. During this time, investors have clearly shown confidence in the operator's new president.

Since he took office on January 18, Telefónica shares have gained 13.5% to €4.50 , outperforming the European telecommunications sector, which has appreciated by 6% over the same period. This increase has brought Telefónica's market capitalization to €25.5 billion.

The rise in the stock has forced short sellers to withdraw from the operator. Marshall Wace and Canada Pension Plan Investment Board have reduced their positions below 0.5% in recent months, and only BlackRock remains with a position above that threshold, according to records from the National Securities Market Commission (CNMV).

In a year marked by instability stemming from trade and geopolitical tensions, the telco sector, including Telefónica , has acted as a safe haven . In the case of the Spanish operator, its 6.7% dividend yield is a draw for investors.

After the recent rise, investors will be awaiting Telefónica's half-year results on July 30th and, above all, the strategic plan it will announce before the end of the year.