What is a Telefónica ADR?

Each Telefónica´s ADR represents one (1) ordinary share of Telefónica. Effective on January 21, 2011, the ADR-to-Share ratio in Telefonica’s ADRs was changed from 1 ADR to 3 Shares to 1 ADR to 1 Share. Where can I find U.S. cost basis information related to this ratio change?

What is an ADR & how does it work?

An ADR is a negotiable U.S. certificate representing ownership of shares in a non-U.S. corporation. ADRs are quoted and traded in U.S. dollars in the U.S. securities market. Also, ADR dividends are paid to investors in U.S. dollars.

Who is Telefónica SA?

Telefónica SA engages in the provision of communication, information and entertainment solutions. It operates through the following brands: Telefónica, Movistar, O2, and Vivo. The company was founded on April 19, 1924 and is headquartered in Madrid, Spain. TEF | A complete TEF overview by MarketWatch.

What is an American Depositary Receipt (ADR)?

An American Depositary Receipt (ADR) is the actual physical certificate whereas an American Depositary Share (ADS) is the actual share. The term “ADR” is often used to mean both the certificates and the securities themselves. What are the benefits of ADRs? ADRs allow you to diversify your portfolio to hold foreign securities easily.