Proximus faces tough competition.
Proximus reported mixed third-quarter results, with weak revenue but improved EBITDA margins. We expect to maintain our EUR 28 fair value estimate and narrow moat rating. We believe the shares are fairly valued. Reported revenue fell 3.2% in the quarter versus our full-year projection of 1% growth. On the consumer side, revenue was basically flat. Proximus continues to have success with its convergence strategy and now has 56.4% of its customer base taking both a fixed-line and wireless telephon...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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