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

ALTICE EUROPE N.V.

(ATC)
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Wind turbine makers and Shell lift European shares

11/28/2017 | 12:28pm EST
The German share price index, DAX board, is seen at the stock exchange in Frankfurt

LONDON (Reuters) - Wind turbine makers and oil major Royal Dutch Shell propelled European stocks higher on Tuesday, boosting sentiment on the energy sector ahead of Thursday's OPEC meeting, while dispelled political risks in Ireland also supported the market.

The STOXX 600 rose 0.6 percent, led by retailer Ocado's 20 percent advance after a tie-up with France's Casino, though gains by heavyweight energy stocks had the biggest market impact.

Shell rose 3.4 percent after it cancelled an austerity dividend policy and boosted cash-generation forecasts, drawing a line under three years of oil price turmoil.

That helped tp lift the energy sector by 1.6 percent, the biggest sectoral gain.

Spanish and Danish wind turbine makers Siemens Gamesa and Vestas Wind rose 10.2 percent and 8.7 percent respectively, with traders citing India's plan to award 100 gigawatts of solar and wind contracts by March 2020.

A Bank of America note saying the companies offered "very attractive" valuations and earning profiles helped to drive the rally.

The energy sector index, which includes wind power firms but is dominated by oil and gas, has been one of the worst-performing this year as stocks lagged rising crude prices.

However, analysts have been raising their earnings estimates for the sector as investors look ahead to Thursday's OPEC meeting, which will help to determine the path of crude prices.

Investors' eyes were also on political risk in Ireland, where a snap election was averted when the Deputy Prime Minister resigned. Irish stocks were under pressure during the day but were up 0.2 percent by the close.

Among consumer goods stocks, Unilever advanced by 2.3 percent after saying a single corporate structure was in its best interests, though it has yet to make a choice between its British and Dutch bases.

Peers Nestle and Reckitt Benckiser also rose.

Danish jewellery company Pandora jumped 6.3 percent after U.S. hedge fund Maverick Capital lowered its short position on the stock.

Among leading fallers, telecoms and cable group Altice continued its downward spiral with a 3.3 percent decline, bringing its total slide for November to more than 55 percent.

"We still do not see Altice stock as attractive versus European peers," Barclays said, cutting its target price to 9 euros.

UDG Healthcare fell 3 percent after reporting a mixed set of results and the retirement of CFO Alan Ralph.

Leadership change also weighed on CHR Hansen, down 2.9 percent after its CEO resigned.

France's SocGen rose a modest 0.4 percent after it unveiled a three-year plan to cut costs and raise dividends.

(Reporting by Danilo Masoni, Julien Ponthus and Helen Reid,; Editing by Raissa Kasolowsky and David Goodman)

By Julien Ponthus and Helen Reid


© Reuters 2017
Stocks mentioned in the article
ChangeLast1st jan.
ALTICE EUROPE N.V. -0.07% 5.34 Real-time Quote.0.30%
BANK OF AMERICA CORPORATION -0.71% 30.94 Delayed Quote.4.09%
BARCLAYS PLC 1.69% 139.44 Delayed Quote.-6.52%
BEST INC. -0.41% 2.43 Delayed Quote.19.61%
CASINO, GUICHARD-PERRACHON 1.39% 27.05 Real-time Quote.5.92%
CHANGE INC. 8.49% 3770 End-of-day quote.6.95%
CHR. HANSEN HOLDING A/S -0.07% 561.2 Delayed Quote.-10.34%
FIRST SOLAR, INC. -0.24% 104.69 Delayed Quote.6.09%
HSBC HOLDINGS PLC 0.53% 400.2 Delayed Quote.5.08%
JUST GROUP PLC -0.60% 74.35 Delayed Quote.7.94%
LETS HOLDINGS GROUP CO., LTD. -5.09% 7.46 End-of-day quote.-4.11%
LLOYDS BANKING GROUP PLC 1.70% 34.41 Delayed Quote.-7.15%
LOOK HOLDINGS INCORPORATED 0.22% 920 End-of-day quote.-3.87%
NATWEST GROUP PLC 1.25% 153.45 Delayed Quote.-9.60%
NESTLÉ S.A. 1.53% 103.36 Delayed Quote.-2.36%
NEXT PLC -0.03% 7880 Delayed Quote.11.23%
OCADO GROUP PLC 1.20% 2787 Delayed Quote.20.42%
ONE STOP SYSTEMS, INC. 1.55% 3.93 Delayed Quote.-3.25%
PANDORA A/S -1.05% 620 Delayed Quote.-7.99%
RECKITT BENCKISER GROUP PLC -2.72% 6376 Delayed Quote.0.18%
SIEMENS GAMESA RENEWABLE ENERGY, S.A. -3.19% 35.47 Delayed Quote.10.73%
SNAP INC. -0.67% 53.29 Delayed Quote.7.15%
SOCIÉTÉ GÉNÉRALE 2.37% 15.986 Real-time Quote.-8.26%
STANDARD CHARTERED PLC 1.12% 460 Delayed Quote.-2.36%
STOXX EUROPE 600 0.63% 407.7 Delayed Quote.1.53%
UDG HEALTHCARE PLC 5.25% 821.5 Delayed Quote.0.06%
UNILEVER PLC -0.94% 4423 Delayed Quote.1.66%
VESTAS WIND SYSTEMS A/S -3.44% 1405 Delayed Quote.1.08%
All news about ALTICE EUROPE N.V.
01/22OFFER FOR ALTICE EUROPE DECLARED UNC : 00 am CET
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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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2020Samsung works its way into European 5G race to fill Huawei gap
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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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More news
Financials
Sales 2020 14 983 M 18 219 M 18 219 M
Net income 2020 -268 M -326 M -326 M
Net Debt 2020 31 322 M 38 086 M 38 086 M
P/E ratio 2020 -18,9x
Yield 2020 -
Capitalization 6 492 M 7 896 M 7 894 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 11
Average target price 5,02 €
Last Close Price 5,34 €
Spread / Highest target 82,6%
Spread / Average Target -5,94%
Spread / Lowest Target -25,1%
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.0.30%7 878
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CHARTER COMMUNICATIONS, INC.-1.42%130 353
NIPPON TELEGRAPH AND TELEPHONE CORPORATION3.57%96 966
DEUTSCHE TELEKOM AG-0.23%85 817
SAUDI TELECOM COMPANY5.28%59 453