Altice: Bryan Garnier raises target price
(CercleFinance.com) - Confirming its positive opinion on the French telecoms sector and in particular its buy rating on the Altice share, Bryan Garnier has raised its target price from 2.
9 euros to 3.7 euros.
A sector study identifies two levers: price increases and concentration.
In France, growth in landline revenues is tapering off, despite the arrival of fiber, while in the mobile segment it is boosted by low subscription costs. This has led to trade wars, penalising one operator and benefiting another, although which end in a "zero sum game".
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.
9 euros to 3.7 euros.
A sector study identifies two levers: price increases and concentration.
In France, growth in landline revenues is tapering off, despite the arrival of fiber, while in the mobile segment it is boosted by low subscription costs. This has led to trade wars, penalising one operator and benefiting another, although which end in a "zero sum game".
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.