Eutelsat: As a buyer, SG raises target price.
(CercleFinance.com) - This morning Société générale (SG) has confirmed its buy rating on the Eutelsat Communications stock, reiterating its buy rating.
Indeed, SG analysts highlight "A solid end to FY17 with a significant guidance upgrade". They have therefore raised their 12-month target price by 11.1% from 25.3 euros to 28.1 euros.
According to SG's research report, the French satellite operator's FY 2016/2017 results (to end-June) were "broadly in line with consensus".
“The highlight of FY17 was strong discretionary FCF, 7% above consensus,” SG underlines, also mentioning the 10% increase in the dividend. And of course, it mentions the raising of “guidance” for the group's EBITDA margin and free cash flow.
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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.
Indeed, SG analysts highlight "A solid end to FY17 with a significant guidance upgrade". They have therefore raised their 12-month target price by 11.1% from 25.3 euros to 28.1 euros.
According to SG's research report, the French satellite operator's FY 2016/2017 results (to end-June) were "broadly in line with consensus".
“The highlight of FY17 was strong discretionary FCF, 7% above consensus,” SG underlines, also mentioning the 10% increase in the dividend. And of course, it mentions the raising of “guidance” for the group's EBITDA margin and free cash flow.
Copyright (c) 2017 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.