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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
The first-quarter results from satellite operator SES were buoyant, and helped by a commitment to buy in €100 millions-worth of its own shares for cancellation helped boost SES’s share price by almost 10 percent. At the end of the day the shares were up 9.3 per cent to – a still miserable in some eyes […]
Eutelsat is taking a 24 per cent stake in OneWeb. Eutelsat’s fresh cash values OneWeb at $2.3 billion. However, Eutelsat is paying a significant premium to enter OneWeb. When the UK government and India’s Bharti Global invested their cash into OneWeb they placed their $500 million into the business and received 42 per cent of […]