Altice Europe: Deutsche Bank ups target to E8
(CercleFinance.com) - Deutsche Bank has confirmed its buy rating on the share of Altice Europe, parent company of the French telecom operator SFR, while raising its target price from 7 euros to 8 euros.
Analysts compare the group to V'Ger entity of the Star Trek science fiction saga. In metaphoric terms, this is a once-invincible alien force in Star Trek: The Motion Picture, which absorbed all before it, before eventually evolving.
Deutsche Bank believes that Altice Europe's situation is continuing to improve, with disposals that are reducing its debt, coupled with improving business trends at SFR. Experts anticipate that the group will continue to benefit from favourable credit conditions to refinance its debt.
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