Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

Mes dernières consult.
Most popular
Real-time Quote. Real-time Tradegate - 01/17 01:31:20 pm
8.433 EUR   -6.05%
01/14 French telcos to spend $3.7 billion to plug network gaps
01/11 Results drive sharp moves in European stocks as euro weighs
01/10 Bond sell-off hits European shares but boost banks
News SummaryMost relevantAll newsSector newsTweets

Results drive sharp moves in European stocks as euro weighs

share with twitter share with LinkedIn share with facebook
share via e-mail
01/11/2018 | 06:02pm CET
The German share price index, DAX board, is seen at the stock exchange in Frankfurt

European shares dipped on Thursday as a bond market sell-off and a stronger euro took the steam out of the breakneck New Year rally in equities.

Results drove the bulk of stock moves, with some disappointments weighing heavily.

The pan-European STOXX 600 <.STOXX> and euro zone equities <.STOXXE> ended the session 0.3 percent lower, extending sharp losses in the previous session when jitters over a report that China was considering slowing purchases of U.S. Treasury bonds spilled over into stocks.

A Chinese regulator on Thursday said the report might be "fake".

While the STOXX was roughly flat for most of the morning session, the index dipped followed the release of minutes from the European Central Bank's December meeting showing that the ECB should revisit its policy message in early 2018.

"This is sooner than we had assumed and might mean that (the ECB) it will end its asset purchases in September rather than tapering over the last few months of the year," economists at Capital Economics said in a note.

The euro's rise following the ECB release put pressure on Euro zone indexes with Germany's DAX <.GDAXI> closing 0.6 percent lower, while bond yields also rose.

Britain's FTSE 100 <.FTSE>, meanwhile, touched a fresh record and ended 0.2 percent higher.

UK retailers Tesco (>> Tesco PLC) and Marks & Spencer (>> Marks and Spencer Group Plc) were among the biggest European fallers, however, after their Christmas trading updates disappointed, with consumers cutting down on non-essential items.

Europe's retail sector <.SXRP> fell 1.3 percent, while bank stocks <.SX7P>, which had jumped on Wednesday as bond yields surged, extended gains to end 0.4 percent higher.

Danish jewellery firm Pandora (>> PANDORA A/S) dropped nearly 11 percent after the company said it expected profit margins to fall in the next few years and reported 2017 revenue below expectations.

Hexagon (>> Hexagon AB) jumped up 5.8 percent after its CEO was cleared of insider trading charges.

While it is too early in the season to fully determine what impact results are having, investors said earnings will be under particular scrutiny this year as the market hopes for another year of earnings growth.

"You didn't really have any earnings growth coming through since the euro zone crisis, it was a kind of Groundhog Day every year, but 2017 was a break from that effect," said Nick Davis, European income fund manager at Polar Capital.

"The earnings season will be quite important. If Europe can continue demonstrating earnings growth at index level as an asset class it will be very attractive."

In other big moves, the restructuring French telecoms and cable firm Altice (>> Altice) tumbled 6.7 percent, extending Wednesday's slide, after its U.S. unit announced a $500 million junk bond sale.

(Graphic for Jan 11 Europe, euro zone, US earnings growth chart, click http://reut.rs/2CRvRuS)

(Reporting by Helen Reid and Kit Rees; editing by Mark Heinrich)

By Helen Reid and Kit Rees

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on ALTICE
01/14 French telcos to spend $3.7 billion to plug network gaps
01/11 Results drive sharp moves in European stocks as euro weighs
01/10 Bond sell-off hits European shares but boost banks
01/10 ALTICE : SFR Enhances Customer Experience with Agile and Innovative Digital Care..
01/10 European giant to spin off Connecticut broadband provider
01/09 PATRICK DRAHI : Drahi hits Altice reset button to court wary investors
01/09 How Altice built its business through series of deals
01/09 European shares at fresh highs on earning optimism, dealmaking
01/09 ALTICE NV : Altice Announces Group Reorganization - Altice USA Spin-Off and New ..
More news
News from SeekingAlpha
2017 Altice won't sell equity to address debt pile, it says
2016 WALL STREET BREAKFAST : BAT Bids $47B To Buy Out Reynolds American
2016 REUTERS : Altice looks into IPO of $25-30B U.S. unit
Financials (€)
Sales 2017 23 492 M
EBIT 2017 2 154 M
Net income 2017 -1 197 M
Debt 2017 50 030 M
Yield 2017 0,47%
P/E ratio 2017 -
P/E ratio 2018 602,42
EV / Sales 2017 2,83x
EV / Sales 2018 2,80x
Capitalization 16 370 M
Duration : Period :
Altice Technical Analysis Chart | ATC | NL0011333752 | 4-Traders
Technical analysis trends ALTICE
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 14,7 €
Spread / Average Target 64%
EPS Revisions
Dexter G. Goei Chief Executive Officer & Director
Patrick Drahi President
Jurgen van Breukelen Chairman
Dennis Okhuijsen Chief Financial Officer & Executive Director
Bruno Zerbib Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
ALTICE2.63%20 044
TELEFONICA2.35%52 866
ORANGE0.86%47 551