I'm currently looking at investing in Telefónica, S.A., which is listed on both the Spanish Electronic Market and the New York Stock Exchange. I'm a bit torn between choosing the stock quoted in USD ($TEF) or its counterpart in EUR.
For those who are not familiar, Telefónica is a major telecommunications company with a significant presence in several countries. You can find more information about their stock listings here: https://www.telefonica.com/en/shareholders-investors/share/telefonica-on-the-stock-exchanges/
My main concerns revolve around currency risks, liquidity, and potential differences in market behavior. I'm wondering if anyone here has experience or insights into which version might be more advantageous for an investor based out of EU on these factors or any others I might not have considered.
Any thoughts or advice on this would be greatly appreciated. Thanks in advance for your help!
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