Iliad: Morgan Stanley a buyer once again
(CercleFinance.com) - On Wednesday morning, Morgan Stanley upgraded its previous neutral ("weight in line") rating on the Iliad share, now recommending investors buy it ("outperform"), while raising its corresponding target price from 115 euros to 140 euros (upside of 45%).
Analysts believe that the fixed Internet of Free, the main subsidiary of the telecom operator Iliad, will post token growth of 0.2% in Q4 2019, before +1.2% in H1 2020, while competition is now less fierce and its comparison basis is becoming more favourable. In addition, there is the Freebox Delta, a premium offer.
Growth in the mobile segment is expected to accelerate as promotional periods for new subscriptions are ending, and Italian losses are expected to decline. All these factors should boost Iliad's results and cash generation, Credit Suisse believes.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Analysts believe that the fixed Internet of Free, the main subsidiary of the telecom operator Iliad, will post token growth of 0.2% in Q4 2019, before +1.2% in H1 2020, while competition is now less fierce and its comparison basis is becoming more favourable. In addition, there is the Freebox Delta, a premium offer.
Growth in the mobile segment is expected to accelerate as promotional periods for new subscriptions are ending, and Italian losses are expected to decline. All these factors should boost Iliad's results and cash generation, Credit Suisse believes.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.