Iliad: Oddo BHF still a buyer after FY results
(CercleFinance.com) - This morning an Oddo BHF analyst confirms a buy rating on the Iliad share after the group published annual results that exceeded expectations.
The excellent operational performance of these results is thanks to very positive commercial performance and losses that are under control in Italy. (...) ARPU is up by 0.8 euros compared to last year, i.e. twice the growth level in Q3. The release of new tariff grid promotions should feed 3 quarters of consecutive growth, especially as about 50% of the gross adds are made in FTTH which has a better mix, the broker hails.
Oddo BHF thus confirms its target price of 180 euros, meaning upside potential of 81%.
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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 excellent operational performance of these results is thanks to very positive commercial performance and losses that are under control in Italy. (...) ARPU is up by 0.8 euros compared to last year, i.e. twice the growth level in Q3. The release of new tariff grid promotions should feed 3 quarters of consecutive growth, especially as about 50% of the gross adds are made in FTTH which has a better mix, the broker hails.
Oddo BHF thus confirms its target price of 180 euros, meaning upside potential of 81%.
Copyright (c) 2020 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.