Spanish stocks - Factors to watch on Jan 21

Endesa SA

21/01/2026 07:05

Jan 21 (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

Iberdrola will stick to its planned 4 billion euro ($4.69 billion) investments in Spanish power networks over the next three years and will not invest an additional 1 to 2 billion euros, which was previously floated by CEO Ignacio Sanchez Galan, due to the approval of the CNMC's new return guidelines, newspaper Cinco Dias reported on Wednesday, citing unnamed sources with knowledge of the matter.

Separately, Berenberg raised Iberdrola's target price from 17.5 euros to 19 euros.

TELEFONICA TEF.MC

Telefonica has received offers of around 250 million euros for its historic headquarters in Madrid's Gran Via, with bidders planning to convert the building into a hotel and residential units, newspaper Cinco Dias reported on Wednesday, citing unnamed sources in the real estate sector.

ENDESA ELE.MC

Berenberg raised Endesa's target price from 20 euros to 31 euros.

INDRA IDR.MC

Indra's fourth-biggest shareholder Amber continues to support the company's acquisition of Escribano M&E despite concerns from the Spanish government, newspaper Cinco Dias reported on Wednesday, citing Amber's co-chief executive, Camilio Azzouz.

($1 = 0.8533 euros)

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