Iliad: Oddo confirms rating and target
(CercleFinance.com) - Iliad has announced that its Board of Directors has approved the launch of a 1.
4 billion share buyback offer (OPRA) for up to 1.4 million euros, i.e. 19.7% of its capital at a price of 120 euros per share.
The group has also announced sales that are up 8.4% over the first nine months of the year, at 3,944 million euros, with a steady improvement in the trend over the year.
Oddo notes the significant commercial rebound in a mild market, with a strong FTTH traction. Analysts point out that the share buyback at 120 euros, financed by company boss Xavier Niel is a signal that has been hoped for.
The broker highlights excellent KPIs, sales that are in line with estimates and a return to growth across the group.
Oddo confirms its buy rating on the share, along with a target price of 180 euros. Note that it is up around 18% on Tuesday morning.
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.
4 billion share buyback offer (OPRA) for up to 1.4 million euros, i.e. 19.7% of its capital at a price of 120 euros per share.
The group has also announced sales that are up 8.4% over the first nine months of the year, at 3,944 million euros, with a steady improvement in the trend over the year.
Oddo notes the significant commercial rebound in a mild market, with a strong FTTH traction. Analysts point out that the share buyback at 120 euros, financed by company boss Xavier Niel is a signal that has been hoped for.
The broker highlights excellent KPIs, sales that are in line with estimates and a return to growth across the group.
Oddo confirms its buy rating on the share, along with a target price of 180 euros. Note that it is up around 18% on Tuesday morning.
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.