March 3, 2020 / 7:18 AM / a month ago

Spanish stocks - Factors to watch on March 3

March 3 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Tuesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:

CORPORACION FINANCIERA ALBA SA

Spain-based investment company, Corporacion Financiera Alba, reported on Monday its 2019 net profit rose to 166.3 million euros ($185.26 million) from 154.4 million euros in 2018.

BBVA

Spain’s bank BBVA closed the sale of its real estate business to Cerberus for 2.8 billion euros, a deal announced in 2017. The two companies created a joint entity called Divarian which is 80% owned by Cerberus and 20% owned by the Spanish bank, Expansion newspaper reported on Tuesday.

INMOBILIARIA COLONIAL

Barclays raised target price to 12.5 euros from 11.2 euros.

IAG

British Airways cancelled some flights to the U.S. to match falling demand because of the coronavirus scare. The airline company also cancelled some short-haul flights to Italy, France, Germany and other European cities. HSBC cut IAG target price to 650p from 750p

MASMOVIL IBERCOM

Lycamobile announced the sale of Lycamobile Spain to Masmovil for 372 million euros on a statement on Tuesday, confirming the announced made by the Spanish mobile network operator on Monday.

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