SFR Reported 2Q Results That Were a Bit Light, but We're Maintaining Our FVE; Shares Undervalued
SFR reported second-quarter results a touch below our expectations, but we are maintaining our EUR 37 per share fair value estimate and narrow moat rating. We believe the shares are undervalued. However, parent company Altice continues to buy shares on the open market and now controls 94.5% of the votes. If it continues to buy stock on the open market, it may be able to force a buyout of the rest of the shares before the company’s recovery pushes the stock price up to our fair value estimate.W...
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.