>Rating downgraded before the October CMD and the group’s fibre plan for Germany - We have downgraded our rating to Neutral: (i) with the share price having achieved our adjusted target price of € 27 (due to the increase in the TMUS share price over the past two months); (ii) T-Mobile US has announced a still good, albeit more modest, shareholder returns than hoped which could mean that at its CMD in October Deutsche Telekom could also announce shareholder returns tha...
>Opinion abaissée à Neutre avant le CMD d’octobre et son plan fibre pour l’Allemagne - Nous abaissons notre opinion à Neutre : 1/ le cours ayant désormais atteint notre objectif de cours ajusté à 27 € (en raison de la hausse du cours TMUS ces deux derniers mois); 2/ T-Mobile US a annoncé un retour actionnarial toujours bon mais plus modeste qu’espéré, ce qui pourrait aboutir à ce que Deutsche Telekom annonce aussi lors du CMD d’octobre de retourner moins que les atten...
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: LAR ESPAÑA, TELEFÓNICA. EUROPA: BASF, DEUTSCHE TELEKOM, UNICREDIT. Finalmente la Fed se decanta por los 50 puntos de recorte Sesión de transición con leves caídas en las bolsas europeas, que cortó la racha alcista en el Ibex que le llevó a renovar máximos de 2015. Así, en el STOXX 600 tan sólo Autos y Energía esquivaron las caídas que estuvieron lideradas por Media, Alimentación y B. de Consumo. Por el lado macro, en la Eurozona la inflación mensual...
T-Mobile’s CMD has just wrapped up – and earlier my colleague Jonathan put out a couple of notes running through the new guidance and some more detailed thoughts on the fundamentals. In this note, we increase our DT target to €36/ share and now review the implications from T-Mobile's CMD for DT and what this could mean for their own CMD on 10/ 11 October.
We have upgraded our target price from € 43.4 to € 45.3 which factors in the growth strategy out to 2027 (EBITDA +5% to 6% p.a.) whereas the share price implies decrease of 0.65% p.a. The strategic GreenUp plan is based on three booster businesses that should see a gradual acceleration and will involve asset rotation. An accretive re-profiling in terms of EPS, and with no repercussions for the leverage limit, could also show through with minority buyouts for the regulated water operat...
Nous relevons notre objectif de cours de 43.4 € à 45.3 € qui intègre la stratégie de croissance à 2027 (EBITDA +5% à 6%/an) alors que le cours de Bourse sous-tend une baisse de 0.65%/an. Le plan stratégique GreenUp repose sur trois métiers Boosters qui doivent connaitre une accélération graduelle et impliquer des rotations d’actifs. Un reprofilage relutif en termes de BPA, et sans conséquence sur la limite de levier, pourrait aussi intervenir par le biais de rachats de minoritaires de...
>T-Mobile & Starlink launch smartphone satellite connectivity - Yesterday, T-Mobile announced the first emergency services message to be sent by a Starlink satellite to a T-Mobile-subscribed smartphone. Shortly, calls, messages and even low-speed internet connectivity should be possible. Starlink has reserved ~175 satellites (out of ~7,000) for this service that T-Mobile should offer free-of-charge to its clients outside 5G coverage. While Satellite telephony is not n...
>T-Mobile & Starlink lancent la connectivité satellitaire par smartphone - T-Mobile a annoncé hier un premier envoi de message d’urgence par un satellite Starlink vers un smartphone abonné à T-Mobile. D’ici peu, appels, messages et même connectivité internet à faible vitesse seront possibles. Starlink a réservé ~175 satellites (sur ~7,000) pour ce service que T-Mobile devrait offrir gratuitement à ses clients hors couverture 5G. La téléphonie satellitaire n’est pas no...
NEWS SUMMARY: ACCIONA, FCC, GRIFOLS, INDRA, SACYR. The correction continues in Europe European stock markets saw new corrections, given the contagion effect from the US market and doubts about growth Thus, in the STOXX 600, Real Estate and Telecoms led the gains vs. Technology (hit by NVIDIA’s correction) and Consumer Goods (following the weak Chinese manufacturing data) posted the biggest drops. On the macro side, in the euro zone, August’s final services PMI was cut by Germany. In Spain, even...
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: ACCIONA, FCC, GRIFOLS, INDRA, SACYR. Se mantiene el castigo en Europa Las bolsas europeas sufrieron una nueva sesión de caídas, contagiadas por el mercado estadounidense y las dudas sobre el crecimiento. En el STOXX 600 sobresalieron las ganancias de Inmobiliario y Telecomunicaciones frente a Tecnología (contagiado por las caídas de NVIDIA) y B. Consumo (tras los débiles datos del manufacturero chino), que sufrieron las mayores pérdidas. Por el lado...
A director at Munchener Ruckversicherungs-Gesellschaft AG sold 500 shares at 495.250EUR and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over ...
Recessionary Signals as SPX Tests Resistance; Downgrading Energy to Underweight Our long-term outlook remains neutral on the S&P 500 (SPX) as of our 8/6/24 Compass, after being bullish since early-November 2023. Despite our expectations for a short-term rally since our 8/13/24 Compass, we still see the SPX and Nasdaq 100 (QQQ) as going through a 1- to 4-month pullback/consolidation period, and market dynamics remain concerning. Current price action on the SPX is extremely similar to prior major...
Paris , September 4, 2024 – Moody's Ratings (Moody's) has today assigned an A1(hyb) rating to the USD 1.25 billion subordinated debt issued by Allianz SE (Allianz). The A1(hyb) rating is consistent with our standard notching practices for debts issued by insurance operating companies, and reflects (...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.