Iliad: Oddo, a buyer, sees 2018 a year of transition

(CercleFinance.com) - Pending the publication of Iliad's Q4 results, this morning an analyst at Oddo BHF confirms his “buy” rating on the stock.


The analyst believes that Iliad will however have to "reassure beyond the numbers," with Q4 not expected to bring any reassuring details regarding revenues - remember that the sound figures released yesterday regarding the sales of the Freebox Delta are only expected to have a minimal impact this quarter, as the box was released at the end of the period.

The real issue seems to concern whether it it time to return to the stock: was Q4 when topline performance bottomed out in France? Should we now expect lower growth as a standard, or was 2018 an accident? And finally, can the company reassure regarding its governance? Regarding these three questions, it is not the publication in itself that will provide answers, but rather Iliad's comments that accompany it, the broker deems.

Even though it expects a difficult publication, Oddo BHF has confirmed its target price of 300 euros for the share, which suggests huge upside potential of 242%.



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