We expect these weak 1Q19 results to have a slightly negative impact on the stock price. We maintain our Hold recommendation and our €29.11/share target price unchanged.
Bolsas y Mercados Espanoles Sociedad Holding de Mercados y Sistemas Financieros (BME) is a company that integrates securities markets and financial systems in Spain. Co. comprises the Madrid, Barcelona, Bilbao and Valencia stock exchanges, MF Mercados Financieros, Iberclear and BME Consulting, as well as several other subsidiaries. Co.'s services include public offerings and trading facilities for equities, derivatives, warrants and fixed income securities. Co. also provides clearing and settlement services, through Iberclear. In addition, Co. is engaged in the distribution of information services and consulting and technology services.
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