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 […]
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 […]
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, […]
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 […]
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 […]
Investment bank Berenberg is maintaining its ‘SELL’ advice on UK commercial broadcaster ITV to clients. Moreover, the bank is also cutting its advertising revenue estimates for the broadcaster saying that demand has dropped “quite sharply” for Q4/2022. The bank suggests that ITV is not alone, noting: “Across Europe, the advertising environment is deteriorating, and it […]
Investment bank Berenberg says that Viaplay, the fast-expanding Nordic – and wider European – pay-TV and streaming operator is suffering from its Q3 financials. Indeed, says the bank, there is still “significant uncertainty” over the broadcaster’s Q4 performance. Nevertheless, Berenberg delivers ‘BUY’ advice to clients on Viaplay Group’s shares despite “the failure of strong direct-to-consumer […]
German commercial free-to-air broadcaster ProSiebenSat.1 Media issued reduced guidance for its Full Year revenues and financials on October 28th. The news prompted analysts at investment bank Berenberg to review its own position and advice. The bank also suggested that ProSiebenSat.1’s conversations with MediaForEurope (MFE) might “now accelerate”. Berenberg maintains its “HOLD” advice. “While the magnitude […]
Eve Berneke, CEO at Eutelsat, cannot be blamed for attempting to look forward as she seeks to re-establish the satellite operator into a new beast which will offer both geostationary and low Earth orbit connectivity once its merger with OneWeb happens. But the market clearly doesn’t yet totally share her view that ‘jam tomorrow’ is […]
Satellite operator SES has seen its share price not only perform miserably (by any measure the shares are ‘in the toilet’ currently) but continuing to be under pressure. The deterioration has prompted a report from investment bank Berenberg. The bank issued very firm ‘BUY’ advice to clients, and giving a price target of €11.20. Currently […]