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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Altice Europe N.V.    ATC   NL0011333752

ALTICE EUROPE N.V.

(ATC)
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Altice : shares extend losing streak after Goldman Sachs downgrade

11/07/2017 | 04:19am EST
The logo of cable and mobile telecoms company Altice Group is seen during a news conference in Paris

PARIS (Reuters) - Shares in telecoms and cable group Altice NV (>> Altice) fell on Tuesday, extending a losing run after sharp declines in the previous two sessions, after Goldman Sachs cut its rating on the stock to "neutral" from "buy".

PARIS (Reuters) - Shares in telecoms and cable group Altice NV (>> Altice) fell on Tuesday, extending a losing run after sharp declines in the previous two sessions, after Goldman Sachs cut its rating on the stock to "neutral" from "buy".

Altice NV shares were down 1.2 percent in early session trading, following on from drops of 22.6 percent on Nov. 3 and 3.2 percent on Nov 6.

The stock's fall on Nov. 3 - which marked its worst ever day on the market - came after investors fretted about the telecoms group's ability to recover market share in France and grow in the United States.

"We model Altice cutting costs materially, particularly in France, adding 1.1 billion euros (970.01 million pounds) to EBITDA in FY18E and driving group free cash flow from 0.4 million euros to 1.9 billion euros 2017-18E. But worse French performance means a weaker sales growth outlook," Goldman Sachs wrote in a research note.

Altice NV shares are down by nearly 40 percent since the start of 2017.

(Reporting by Sudip Kar-Gupta; Editing by Leigh Thomas)

Stocks treated in this article : Altice, Altice USA Inc

© Reuters 2017
Stocks mentioned in the article
ChangeLast1st jan.
ALTICE EUROPE N.V. -0.83% 5.286 Real-time Quote.-0.79%
THE GOLDMAN SACHS GROUP, INC. -0.38% 289.37 Delayed Quote.10.15%
All news about ALTICE EUROPE N.V.
01/14ALTICE EUROPE N.V. INTENT TO WAIVE O : 30 am CET
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2020ALTICE EUROPE N : France Holding Pro forma Financial Informat
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2020ALTICE EUROPE N : France - Q3 2020 M
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2020ALTICE EUROPE N : Jumps 23% on Sweetened Takeover Offer from Next Private
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2020Upbeat business activity, vaccine hopes lift European shares
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2020Altice Europe founder raises offer to take company private
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2020ALTICE EUROPE N : founder raises offer to take the firm private
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2020ALTICE EUROPE N.V. ANNOUNCES CLOSING : 30 am CET
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2020ALTICE EUROPE N.V. ANNOUNCES THAT ME : 00 pm CET
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More news
Financials
Sales 2020 14 984 M 18 237 M 18 237 M
Net income 2020 -203 M -247 M -247 M
Net Debt 2020 31 405 M 38 223 M 38 223 M
P/E ratio 2020 -19,9x
Yield 2020 -
Capitalization 6 422 M 7 799 M 7 816 M
EV / Sales 2020 2,52x
EV / Sales 2021 2,41x
Nbr of Employees 45 409
Free-Float 46,0%
Chart ALTICE EUROPE N.V.
Duration : Period :
Altice Europe N.V. Technical Analysis Chart | ATC | NL0011333752 | MarketScreener
Technical analysis trends ALTICE EUROPE N.V.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 4,88 €
Last Close Price 5,29 €
Spread / Highest target 84,4%
Spread / Average Target -7,71%
Spread / Lowest Target -24,3%
EPS Revisions
Managers and Directors
NameTitle
Alain Phillippe Romain Weill Chief Executive Officer & Executive Director
Patrick Drahi President & Executive Director
Jurgen van Breukelen Chairman
Armando Pereira Chief Operating Officer
Malo Pascal Jean-Pierre Corbin Chief Financial Officer
Sector and Competitors
1st jan.Capitalization (M$)
ALTICE EUROPE N.V.-0.79%7 844
VERIZON COMMUNICATIONS INC.-2.89%236 947
CHARTER COMMUNICATIONS, INC.-2.83%128 484
NIPPON TELEGRAPH AND TELEPHONE CORPORATION3.19%96 126
DEUTSCHE TELEKOM AG1.24%86 872
SAUDI TELECOM COMPANY5.09%59 443