Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Xetra  >  BASF    BAS   DE000BASF111

BASF (BAS)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Telecom stocks rally in quiet European markets on M&A talk

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/19/2017 | 06:26pm CET
The German share price index, DAX board, is seen at the stock exchange in Frankfurt

Dealmaking talk lifted European telecom stocks on Tuesday, helping the unloved sector stand out in an otherwise quiet session, where investors were waiting for the outcome of a Federal Reserve meeting.

The pan-European STOXX 600 <.STOXX> index ended flat as traders awaited clues from the Fed about plans to start unwinding its $4.2-trillion portfolio of Treasuries and mortgage-backed securities.

"As the FOMC (Federal Open Market Committee) convenes and starts its two-day meeting, markets will probably remain somewhat muted – awaiting tomorrow’s (Wednesday's) decision", Rabobank analysts said in a note.

But telecoms stocks <.SX7P> rose as much as 0.9 percent to their highest level in nearly four weeks after CNBC reported that U.S. wireless carriers T-Mobile US Inc (>> T-Mobile US) and Sprint Corp (>> Sprint Corp) were in active merger talks.

Deutsche Telekom (>> Deutsche Telekom), which controls T-Mobile US, was the biggest gainer, up more than 3 percent, but other stocks in the sector were also boosted by the report.

A trader at a European bank said Deutsche Telekom was the "obvious beneficiary" of any T-Mobile US-Sprint talks even though any combination would face serious anti-trust hurdles.

European telecoms stocks have underperformed the broader market in the past two years but valuations and earnings potential have started to fuel investors' interest.

Deutsche Bank analysts led by Robert Grindle said this week a recovery of telecom stocks was long overdue and recommended that investors take positions as any rally could be swift.

Their top picks in the sector included Telenet (>> Telenet Group Holding), Telefonica (>> Telefonica), Vodafone (>> Vodafone Group) and KPN (>> Royal KPN).

Still on the M&A front, Eurofins (>> Eurofins Scientific S.E.) got a boost from the acquisition of EAG Laboratories in North America. It was up more than 6 percent, making it the biggest gainer on the STOXX.

Solvay (>> Solvay) fell 1.4 percent but stayed close to its 2015 highs after news of the 1.6 billion-euro sale of its polyamides business to BASF (>> BASF).

Clariant <CLN.PA> fell 0.5 percent as news emerged the hedge funds fighting the Swiss chemical firm's planned $20 billion merger with Huntsman Corp built a 15.1 percent stake.

Elsewhere, Heineken (>> Heineken) fell 4.4 percent after Mexican bottler and retailer Femsa sold a 2.5 billion-euro stake in the world's second largest brewer.

Ocado (>> Ocado Group PLC) declined 1.9 percent after the British online grocer reported third-quarter results, saying short-term costs could increase due to investment in a new distribution centre.

(Reporting by Danilo Masoni. Editing by Jane Merriman)

By Danilo Masoni and Julien Ponthus

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BASF
12/14 BASF : New Alcohols Findings Reported from BASF (Ruthenium-Catalyzed Deaminative..
12/14 BASF : Reports Outline Crystalline Materials Study Results from BASF (The crysta..
12/14 BASF : to distribute BioClad antimicrobial wall system
12/14 BASF : and TODA further strengthen their collaboration and increase investments ..
12/13 BASF : Conserving resources with EPS food packaging
12/13 NATIONAL PETROCHEMICAL : German Chemical Giant Seeks Catalyst Technical Savvy fr..
12/13 BASF : opens its first automotive coatings production plant in Thailand
12/13 BASF CONSULTANT : Use treatments for largest impact
12/12 BASF : Enka/BASF/Lenzing retirees breakfast
12/12 BASF : Minnesota announces restrictions on using herbicide dicamba
More news
News from SeekingAlpha
12/12 Minnesota puts restrctions on dicamba herbicide
12/07 BASF agrees to merge energy unit with DEA
11/24 BASF in talks to merge oil and gas unit with Fridman?s DEA
11/20 Missouri to restrict use of weedkiller linked to crop damage
11/08 Arkansas regulator votes for summertime ban on Monsanto weedkiller
Financials (€)
Sales 2017 63 647 M
EBIT 2017 7 756 M
Net income 2017 5 296 M
Debt 2017 13 321 M
Yield 2017 3,35%
P/E ratio 2017 16,22
P/E ratio 2018 15,96
EV / Sales 2017 1,57x
EV / Sales 2018 1,53x
Capitalization 86 475 M
Chart BASF
Duration : Period :
BASF Technical Analysis Chart | BAS | DE000BASF111 | 4-Traders
Technical analysis trends BASF
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 99,0 €
Spread / Average Target 5,1%
EPS Revisions
Managers
NameTitle
Kurt W. Bock Chairman-Executive Board
Jürgen Hambrecht Chairman-Supervisory Board
Hans-Ulrich Engel Chief Financial Officer
Martin Brudermüller Chief Technology Officer
Michael Diekmann Vice Chairman-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
BASF6.28%102 241
EVONIK INDUSTRIES12.74%17 383
GROUPE BRUXELLES LAMBERT13.84%17 347
ROYAL DSM39.64%17 340
MITSUBISHI CHEMICAL HOLDINGS CORP.60.27%16 095
FMC CORP57.02%12 179