iliad: Oddo confirms rating after Q3 results
(CercleFinance.com) - Oddo believes that iliad has published Q3 2020 results that are in line with expectations, although very solid in terms of winning new subscribers.
The group has published sales of 1.42 billion euros (vs. Oddo BHF estimate of 1.428 billion euros and consensus of 1.423 billion euros), i.e. +6.3% y-o-y, with revenues for Services in France of +2% in Q3, the analyst says.
The broker adds that it particularly notes the very good KPIs marking the success of the new Pop box, which is particularly reassuring for the coming quarters.
Oddo confirms its buy rating on the stock, with its target price of 210 euros.
This quarter once again confirms the group's return to growth in all segments, with the good start of the Pop Freebox and the locomotive of fiber remaining intact, Oddo adds.
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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 group has published sales of 1.42 billion euros (vs. Oddo BHF estimate of 1.428 billion euros and consensus of 1.423 billion euros), i.e. +6.3% y-o-y, with revenues for Services in France of +2% in Q3, the analyst says.
The broker adds that it particularly notes the very good KPIs marking the success of the new Pop box, which is particularly reassuring for the coming quarters.
Oddo confirms its buy rating on the stock, with its target price of 210 euros.
This quarter once again confirms the group's return to growth in all segments, with the good start of the Pop Freebox and the locomotive of fiber remaining intact, Oddo adds.
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.