ACS, Actividades De Construcción y Servicios, S.A.: 1 director

A director at ACS, Actividades De Construcción y Servicios, S.A. sold 75,000 shares at 86.051EUR and the significance rating of the trade was 69/100. 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 direct...

Cellnex vs. Telefonica Cellnex (Buy, €34, +32%) Telefonica (Reduce, ...

On Wednesday, we published our European Telecoms Year Ahead note for 2026. In that note, we upgraded Cellnex to a Buy, as we think the market’s worst fears on growth are overdone, and we downgraded Telefonica to a Reduce, as we fear the low cashflow growth outlook is not being properly priced in. However, in that sector report, we missed out one important aspect to back up this diverging view of value and we now highlight that here.

IBERIAN DAILY 19 DECEMBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ELECTRICITY SECTOR, FLUIDRA, NATURGY, VIDRALA. The Ibex returns to 17,000 points Stock markets recovered at both sides of the Atlantic in a session marked by the ECB and BoE meetings and by the good US inflation data. In the STOXX 600, all sectors except Insurance, Pharma and Autos ended with gains, led by Retail and Industrials. The ECB kept rates unchanged, as expected, raising its GDP forecast for 2026 (1.2% vs. 1.0% prev.). The BoE cut rates by 25bps, as expected, to 3.75%, a ...

INFORME DIARIO 19 DICIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: FLUIDRA, NATURGY, SECTOR ELÉCTRICO, VIDRALA. EUROPA: KERING. El Ibex recupera los 17.000 puntos Recuperaron el buen tono las bolsas a ambos lados del Atlántico en una jornada marcada por las reuniones del BCE y BoE y el buen dato de inflación en EE.UU. En el STOXX 600, todos los sectores menos Seguros, Farma y Autos terminaron con ganancias, liderados por Retail e Industriales. El BCE mantuvo los tipos de interés inalterados como esperado y mejoró l...

Cellnex (Buy, €34, +34%) Inwit (Buy, €11.8, +56%) Both upgraded to BU...

Yesterday, we published our sector lookahead for EU telecoms names for 2026. There is a lot of material in the report, but as part of the review, we upgraded Cellnex and Inwit to Buy for the first time since 2017 and 2023 respectively.

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 12/12/2025

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 12/12/2025

IBERIAN DAILY 12 DECEMBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: CELLNEX, FERROVIAL, GRUPO SANJOSE, REPSOL, TELEFÓNICA, VIDRALA. The Ibex near 17,000 points European stock markets climbed near 1% yesterday after the Fed’s rate cut and despite doubts surrounding the technology sector after the poor reception of Oracle’s results. In the STOXX 600, Construction (that rallied after being the worst-performing sector last Wednesday) and Leisure, closely followed by Banks led the gains whereas Utilities and Energy were almost the only sectors ending w...

INFORME DIARIO 12 DICIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: CELLNEX, FERROVIAL, GRUPO SANJOSE, REPSOL, TELEFÓNICA, VIDRALA. EUROPA: BNP PARIBAS. El Ibex enfila los 17.000 puntos Las bolsas europeas avanzaron ayer cerca de un 1% tras la bajada de tipos por parte de la Fed y pese a las dudas en las tecnológicas tras la mala acogida de los resultados de Oracle. En el STOXX 600, los mejores sectores fueron Construcción (rebotó tras ser el miércoles el peor sector) y Ocio seguido de cerca por los Bancos mientras...

Vidrala : Chilean acquisition to accelerate top-line growth

IBERIAN DAILY 10 DECEMBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: CHANGES IBEX 35, GRUPO CATALANA OCCIDENTE, INDRA, SACYR. Stock markets on stand by European stock markets saw a second session of stability, awaiting the Fed’s decision to be made public tomorrow. In the STOXX 600, Insurance and Household led the gains whereas Pharma and Constructions were the worst performers. On the macro side, the ECB will propose merging the systemic risk buffer and the countercyclical capital buffer instead of reducing the capital buffers demanded of banks. I...

INFORME DIARIO 10 DICIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: CAMBIOS IBEX, GRUPO CATALANA OCCIDENTE, INDRA, SACYR. Bolsas en stand by Segunda sesión de estabilidad en las bolsas europeas, a la espera de la decisión de la Fed de mañana. En el STOXX 600, los mejores sectores fueron Seguros y Hogar mientras que Farma y Construcción quedaron con las mayores correcciones. Por el lado macro, desde el BCE se propondrá fusionar el colchón de riesgo sistémico y el colchón de capital anticíclico en lugar de reducir los...

IBERIAN DAILY 09 DECEMBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: N/A. Stock markets await the Fed meeting It was a transition session for European stock markets, awaiting the Fed’s meeting and newsflow on the war between Russia and Ukraine. In the STOXX 600, Industrial and Banks led the gains whereas Real Estate and Consumer Goods were the worst performers. On the macro side, in Germany, October’s industrial output rose much more than expected. In the euro zone, December’s SENTIX index climbed in line with expectations and even though it remain...

IBERIAN DAILY 20 NOVEMBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: N/A. Market relief European markets ended with gains yesterday after several sessions of corrections, also underpinned by rumours about a possible peace offer to Ukraine agreed between the US and Russia. Amid doubts surrounding AI the attention turned towards Nvidia’s results release after yesterday’s closing bell, which beat expectations and raised its 4Q guidance. In the STOXX 600, all the sectors except Telecoms, Utilities and Energy closed with gains, led by Media and Travel&L...

ACS: CMD'25 CENTROS DE DATOS (ANÁLISIS BANCO SABADELL)

Centros de datos y Managed Lanes como motores del crecimiento. INFRAPONDERAR.

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 17/11/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 11/17/2025

ACS : ACS outlines strategy, investment plan and DC growth ambitions

IBERIAN DAILY 17 NOVEMBER + 3Q’25 RESULTS. PREVIEWS (ANÁLISIS BANCO SA...

NEWS SUMMARY: ACS, TELEFÓNICA. At the end of today’s report, and during the entire results season, we will include a presentation with positive and negative results highlights and previews for the 3Q’25 results to be released over the coming days in Spain. Fear of AI bubble brings volatility Following the record highs reached last week thanks to the hope of an end to the shutdown in the US and the solid business results, stock markets reeled in part of the gains due to the concerns of a bubble...

INFORME DIARIO 17 NOVIEMBRE + RDOS. ESPAÑA 3T’25. PREVIEWS (ANÁLISIS B...

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: ACS, TELEFÓNICA. EUROPA: AIRBUS, PROSUS. Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los resultados destacados en positivo y negativo y previews de Rdos. 3T’25 que se publicarán en España y Europa en los próximos días. El temor a una burbuja en la IA genera volatilidad en las bolsas Tras los máximos históricos alcanzados en la semana gracias a la esperanza de una resoluci...