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MarketScreener Homepage  >  Equities  >  Bolsas y Mercados Espanoles  >  ACS, Actividades de Construccion y Servicios, S.A.    ACS   ES0167050915

ACS, ACTIVIDADES DE CONSTRUCCION Y SERVICIOS, S.A.

(ACS)
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European stocks end higher as Trump-driven selling eases

10/02/2020 | 03:11am EST

(For a live blog on European stocks, type LIVE/ in an Eikon news window)

* Markets recover from early losses

* U.S., European data spark hopes of more stimulus

* Spain's ACS surges on Vinci's offer for unit

Oct 2 (Reuters) - European stocks closed slightly higher on Friday, shaking off early weakness sparked by news that U.S. President Donald Trump tested positive for COVID-19 as investors pinned hopes on more stimulus.

The pan-European STOXX 600 rose 0.3%, capping another volatile week which started with a bout of bargain hunting in beaten-down sectors that helped the benchmark record a 2% weekly gain.

European bourses started the day with losses of more than 1% after Trump said that he and his wife Melania had tested positive for the coronavirus and were going into quarantine, adding to uncertainty around the Nov. 3 election.

"The market has been volatile of late and valuations are high so this sell-off does not seem to be anything beyond ordinary," said Louise Dudley, global equities portfolio manager at Federated Hermes. "A lot depends on how the virus affects Trump."

Helping markets stabilize into the close were hopes of more U.S. stimulus after data showed job growth slowed more than expected in September in the world's largest economy.

Meanwhile, euro zone inflation fell deeper into negative territory last month, raising pressure on the European Central Bank to add stimulus.

A second wave of coronavirus cases in Europe has kept investors on edge, with Paris set to be placed on maximum COVID-19 alert from as soon as Monday, a move likely to force the closure of restaurants and bars and impose further restrictions on public life.

Euro zone stocks slipped, while UK's FTSE 100 rose 0.4% at the end of a big week for Brexit negotiations.

German Chancellor Angela Merkel said she had no breakthrough to announce in European Union talks with Britain but remained optimistic that sealing a new trade deal was still possible before the end of the year.

Among individual stocks, Spanish engineering and infrastructure group ACS surged 25.8% after French rival Vinci made an offer to buy ACS's industrial unit Cobra for 5.2 billion euros ($6.10 billion).

Vinci rose 4.4%, driving Europe's construction & materials index up 1.7%.

French telecom companies Orange, Bouygues Telecom and Iliad rose between 1.1% and 2.6% after the results of an auction of the country's 5G spectrum sale.

Gold miner Centamin slumped 22.2% to the bottom of the STOXX 600 after it forecast a fall in annual production as it delayed some open-pit mining operations at its key Sukari mine in Egypt. (Reporting by Sruthi Shankar; Editing by Bernard Orr, Shounak Dasgupta and Jonathan Oatis)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ACS, ACTIVIDADES DE CONSTRUCCION Y SERVICIOS, S.A. -1.00% 26.82 Delayed Quote.-24.77%
BOUYGUES -0.98% 33.39 Real-time Quote.-10.82%
ILIAD S.A. 0.09% 173.75 Real-time Quote.50.24%
MSCI UNITED KINGDOM (STRD, UHD) 0.17% 994.663 Real-time Quote.-16.45%
ORANGE -0.94% 10.575 Real-time Quote.-18.52%
STOXX EUROPE 600 0.41% 393.23 Delayed Quote.-5.44%
VINCI SA -0.59% 87.42 Real-time Quote.-11.13%
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10/15ACS ACTIVIDADES DE CONSTRUCCION Y : Goldman Sachs maintains a Buy rating
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Financials
Sales 2020 37 062 M 44 363 M 44 363 M
Net income 2020 543 M 650 M 650 M
Net Debt 2020 1 292 M 1 546 M 1 546 M
P/E ratio 2020 15,3x
Yield 2020 6,05%
Capitalization 7 766 M 9 285 M 9 296 M
EV / Sales 2020 0,24x
EV / Sales 2021 0,23x
Nbr of Employees -
Free-Float 74,0%
Chart ACS, ACTIVIDADES DE CONSTRUCCION Y SERVICIOS, S.A.
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ACS, Actividades de Construccion y Servicios, S.A. Technical Analysis Chart | ACS | ES0167050915 | MarketScreener
Technical analysis trends ACS, ACTIVIDADES DE CONSTRUCCION Y SERVICIOS, S.A.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 30,19 €
Last Close Price 26,82 €
Spread / Highest target 49,1%
Spread / Average Target 12,6%
Spread / Lowest Target -61,1%
EPS Revisions
Managers
NameTitle
Florentino Pérez Rodríguez Executive Chairman & Co-Chief Executive Officer
Marcelino Fernández Verdes Co-Chief Executive Officer & Executive Director
Cristina A. E. González de Durana Director-Finance & Corporate Development
Antonio García Ferrer Vice Chairman
Joan-David Grimŕ i Terré Independent Non-Executive Director
Sector and Competitors