Iliad: Morgan Stanley upgrades sell rating
(CercleFinance.com) - Morgan Stanley has changed its stance on Iliad, the parent company of the telecom operator Free.
The broker has upgraded its previous sell rating ("underweight") on the stock, to neutral ("equal weight"), while 2019 seems as though it will get off to a better start.
The broker has raised its corresponding target price from 100 euros to 110 euros.
Analysts first say: "Q4 should signal the bottom for Iliad fixed-line revenue declines. French mobile has not gone into negative growth territory, while 12mth price discounts could be removed over time."
They add: "Potential French consolidation could be positive for French top line."
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker has upgraded its previous sell rating ("underweight") on the stock, to neutral ("equal weight"), while 2019 seems as though it will get off to a better start.
The broker has raised its corresponding target price from 100 euros to 110 euros.
Analysts first say: "Q4 should signal the bottom for Iliad fixed-line revenue declines. French mobile has not gone into negative growth territory, while 12mth price discounts could be removed over time."
They add: "Potential French consolidation could be positive for French top line."
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.