Advanced Television


Bank trims SES expectations

A report on satellite operator SES from investment bank Berenberg maintains its ‘BUY’ recommendation, but the report has cut the bank’s share price target from €9.20 to a much more modest €7.20. The SES share price on November 28th was €5.40. The Berenberg report, Rebase done; Now on to returns, says it expects SES too […]

November 29, 2023

Eutelsat shares at all time low, again

October 31st saw Eutelsat’s share price create a new all time low of just €3.97. The day opened with a value of €4.22 and there was a downward slide to just €4, although a late rally pushed the price per share up to €4.03, an overall fall on the day of five per cent. The […]

November 1, 2023By Chris Forrester

Bank raises SES share price target

The SES share price is in the doldrums. The past few days has seen its shares trading at about €5.60. However, a report from analysts at Berenberg Bank suggests there’s positive news ahead. The bank says that with about $3 billion coming in around 10 days from now, the FCC’s C-band compensation scheme gives SES […]

October 5, 2023

Bank urges SES to buy back shares

Investment bank Berenberg, in a report to clients on the likely financials from satellite operator SES due on August 3rd, is urging SES to announce a buyback of shares. SES is due to receive about $3 billion (less 18-19 per cent tax) at the end of the year as its compensation from the FCC for […]

July 13, 2023

Bank: Barco a Top Pick

Investment bank Berenberg has conducted a major review of European TMT and related stocks and has picked Dutch imaging technology business Barco as a “BUY” and gives its price target for the business as €32 (current share price about €23.26) and a potential 38 per cent upside. Barco is its ‘Top Pick’ out of nine […]

July 11, 2023

Bank: SES shares at all-time low

The news that Steve Collar, SES’s CEO, is stepping down sent the satellite operator’s shares into near-meltdown. Over the past 5 days the SES share-price has fallen 14.70 percent, including a further 1.55 per cent on June 13th to an ‘all-time low’ of just €4.70. Confidence in SES seems to have evaporated. A report from […]

June 14, 2023

Bank favours SES, Intelsat merger

SES will announce its Q1 results on May 4th. Analysts from Berenberg Bank say that for the past six quarter-years the satellite operator has disappointed with at least two of its key deliverables. But the bank is still sticking to its ‘BUY’ rating, albeit with a slightly reduced price target for SES share price (of […]

April 27, 2023

Bank: Does Eutelsat, OneWeb merger make sense?

Investment bank Berenberg, in a report on Eutelsat, says the Paris-based satellite operator is struggling to persuade investors that its merger with OneWeb makes sense. “The transformative deal, first announced in July 2022 and planned to complete in calendar Q2/Q3 2023, changes Eutelsat’s investment case from a highly cash-generative, dividend-paying value stock to a non-cash-generative, […]

February 28, 2023

Bank: Viaplay de-risked for Q4

In December 2022, pay-TV operator Viaplay and rival Telia entered into a partnership in Sweden. Further news emerged on January 18th with Viaplay and Bell Media’s Crave streaming service agreeing a distribution agreement for Viaplay Select in Canada. Ahead of the Canadian deal, a report from investment bank Berenberg, said the Telia news “was a […]

January 19, 2023

Bank upgrades SES

SES’s share price is currently at about €6.60, itself an improvement on typical prices of nearer €6.18. But a report from analysts at Berenberg Bank recommends clients ‘BUY’ SES and gives a target share price of €9.20. Good as this sounds (for investors) the new target price is lower than the bank’s previous guidance (which […]

January 16, 2023