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Jefferies

Naspers decision: Tencent down, Prosus up

Tencent’s share price in Hong Kong fell back 1.5 per cent on June 28th, but Prosus NV stock jumped 10 per cent on the Amsterdam market while shares in Naspers (on the Jo-berg market) rose 13 per cent on the decision by Naspers to buy back its own stock for cancellation. Prosus/Naspers CEO Bob van […]

June 29, 2022

Bank: “BT seeking value over volume”

A report from investment bank Jefferies on BT Group, following a briefing by BT Consumer division’s CEO Marc Allera, quotes him saying that BT is focused on value over volume, and that there’s no intention on seeking increased market share. The bank’s report says that BT is keen to signal that it has no ambition […]

May 26, 2022

BT favoured by Bank

It is a busy week for company results with one analyst describing this coming November 4th as “Super Thursday” given that BT and SES both announce their results with Liberty Global’s results being revealed the evening before. Analysts at investment bank Jefferies, focusing on UK telco BT’s results, has issued a ‘BUY’ recommendation to clients. […]

November 2, 2021

Jeffries cuts satellite industry coverage

Investment bank Jefferies is no longer covering the satellite industry in guidance for its clients. The companies affected are Eutelsat, SES, Echostar and Viasat. Its final ratings, guidance and share price targets are: · Eutelsat: Buy, €15.5 (currently €12.51) · SES: Buy, €11.5 (currently €7.87) · Echostar: Hold, $28.0 (currently $24.15) · Viasat: Hold, $57.5 […]

October 26, 2021By Chris Forrester

Bank: Liberty Global rated ‘BUY’

Investment analysts at Jefferies have looked at Liberty Global and adjusted its model for the company – taking into account recent news from Poland, Switzerland and the UK – and rates the company a ‘BUY’. The bank states: “We update estimates, mostly for the shift of Poland into discontinued operations from 3Q21s onwards. On an […]

October 14, 2021By Chris Forrester

Bank reduces Eutelsat’s revenue forecasts

Investment bank Jefferies has adjusted its financial model for satellite operator Eutelsat currently in the middle of a potential takeover by telecoms entrepreneur Patrick Drahi. Jefferies reiterates its ‘BUY’ advice to clients although adjusts downward its share price target of €15.50 (from €18.00) although the operator’s share price has been somewhat overtaken since the Drahi […]

October 4, 2021

Drahi eyes Eutelsat acquisition

Telecoms tycoon Patrick Drahi, having earlier this month bought a large slice (12.1 per cent) of BT, has made a bid to buy Eutelsat. Drahi is said to have offered a €2 (17 per cent) premium over Eutelsat’s current €10.35 share price. Drahi controls the cellular and cable business Altice. A September 30th statement from […]

September 30, 2021By Chris Forrester

Bank upgrades Viasat forecasts

Investment bank Jefferies has updated its trading model for California-based satellite operator Viasat, and upgraded its revenue forecasts for Viasat (by 10.8 percent per annum) for the period 2021-2024. As to the share price, Jefferies has upped the price target from $46 per share to a much more buoyant $57.50 (and even to $60 on […]

August 17, 2021By Chris Forrester

DirecTV raising $3.1bn in junk bonds

DirecTV is raising $3.1 billion (€2.6bn) of so-called ‘junk bonds’ (Senior Secured Notes) to help in its split from AT&T, according to an announcement from AT&T. The offer is for a 6-year period and the bonds will be priced on July 22nd and will come from DirecTV Entertainment Holdings. The cash will be used to […]

July 20, 2021By Chris Forrester

Banks analyse TF1, M6 merger

French commercial networks TF1 and M6 are in exclusive merger negotiations. The intention is to create a French media group which offers TV and radio as well as digital choices and content production. If approved by the authorities, the proposal would create France’s largest broadcasting group. Analysts at investment bank Exane/BNPP note that the new […]

May 19, 2021