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4-Traders Homepage  >  Equities  >  Euronext Amsterdam  >  Altice    ATC   NL0011333752

ALTICE (ATC)
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Altice : shares fall to three-year low on price target cuts

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11/14/2017 | 01:45pm CET
The logo of cable and mobile telecoms company Altice Group is seen during a news conference in Paris

PARIS (Reuters) - Shares in telecoms and cable group Altice (>> Altice) fell on Tuesday, extending a losing run to touch their lowest level in more than three years, after brokers lowered their expectations for the stock.

PARIS (Reuters) - Shares in telecoms and cable group Altice (>> Altice) fell on Tuesday, extending a losing run to touch their lowest level in more than three years, after brokers lowered their expectations for the stock.

Morgan Stanley slashed its price target by 34 percent to 20.50 euros and cut its cash flow estimates, while Kepler also reduced its target by 39 percent to 11 euros.

Altice shares, which have fallen for the last eight sessions in a row, were down 9.8 percent at 9.25 euros by mid-session trading, their lowest since early 2014. The stock is down by around 50 percent since the start of 2017.

Morgan Stanley said Altice's cash flow would be affected by the company's relatively high debt levels and recent share price slump.

On Nov. 10, Altice ousted Chief Executive Michel Combes and brought back founder Patrick Drahi as president, seeking to reassure investors.

Altice said earlier this month it had lost around 75,000 broadband customers in France in the third quarter, and its debt had reached 49.6 billion euros (£44.4 billion).

(Reporting by Sudip Kar-Gupta; Editing by Mark Potter and Laurence Frost)

Stocks treated in this article : Altice, Altice USA Inc
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Financials (€)
Sales 2017 23 448 M
EBIT 2017 2 178 M
Net income 2017 -1 235 M
Debt 2017 49 971 M
Yield 2017 0,47%
P/E ratio 2017 -
P/E ratio 2018
EV / Sales 2017 2,76x
EV / Sales 2018 2,74x
Capitalization 14 713 M
Chart ALTICE
Duration : Period :
Altice Technical Analysis Chart | ATC | NL0011333752 | 4-Traders
Technical analysis trends ALTICE
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 14,2 €
Spread / Average Target 75%
EPS Revisions
Managers
NameTitle
Dexter G. Goei Chief Executive Officer & Director
Patrick Drahi President
Jurgen van Breukelen Chairman
Dennis Okhuijsen Chief Financial Officer & Executive Director
Bruno Zerbib Chief Technology Officer
Sector and Competitors
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DEUTSCHE TELEKOM-12.00%77 744
TELEFONICA-7.83%48 763
ORANGE-6.80%45 001