ODDO : Les valeurs suisses sont-elles encore sûres ? Swisscom vs Sunrise vs Mobilezone
Nous initions les valeurs télécoms suisses. Après des promotions intenses et un profit warning (Mobilezone) au S2 2024, nous observons un répit en 2025. Nous revenons dans cette étude sur les principaux enjeux qui vont animer chaque titre : 1/ la capacité à optimiser les coûts chez Sunrise et accélérer la croissance des FCF (Surperformance, OC 55 CHF) ; 2/ la rapidité de redressement de Vodafone Italie chez Swisscom (Sous-performance, OC 483 CHF) ; et 3/ le redressement des marges en Allemagne et de l’activité boutique en suisse chez Mobilezone (Neutre, OC 11 CHF).Mobilezone Holding is a holding company. Co., through its subsidiaries is engaged in the mobile and fixed-line telecommunications sector. Co. maintains agreements with three providers active in Switzerland that pay provisions to Co. for its activities in soliciting new customers and subscription extensions. Co. maintains two divisions: Retail and Service Providing. The Retail division is a supplier of cellular telephone products and services; an advisor to small and mid-sized companies; active in e-commerce, and is a telecommunications products wholesaler. The Service Providing division offers fixed-line services; manages call centers and provides subscriptions on Orange network.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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.