Solocal Group : Playing the waiting game
Publication date 28/02/2019 17:31 - Writing date 28/02/2019 16:53 - - - - - - Equity data - Reco : No reco - Target : 2.50 EUR - Equity Analyst: - - - ESG Analyst: xxx - Corporate Governance: - - / - / - - - - - - - - - - - - - - - - - - - - - - - - - . In the wake of Solocal's earnings announcement, we are downgrading our recommendation from Neutral to Reduce to reflect a liquidity situation that is poised to be tighter in H2 2019 than originally forecast. - . The main downside risk on Solo...Solocal Group SA is a France-based company, which is engaged in local online communication. The Company provides digital content, advertising solutions and transactional services that connect people with local businesses. Solocal Group SA operates in France, Spain, Austria and the United Kingdom and supports the online development of SMB and client accounts, mainly through its four flagship brands: PagesJaunes (engaged in local advertising and information on the Internet and in mobile and print media), Mappy (a portal of services relating to travel: maps, journey planners, local area information searches, before and during the journey), Ooreka (a database of content with practical guides, tutorials, among others, written by such specialists as notaries, lawyers, doctors, electricians and gardeners, among others.
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.
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