Satellite operator SES will unveil its half-year numbers on February 25th. Analysts at investment bank Berenberg have upgraded their advice on the company to clients to “Hold” but has more than a few cautions in a report. Currently SES shares are trading at sub-€7 levels (€6.84), a little better than its yearly low which was […]

NENT Group, the Nordic streaming company which includes the Scandinavian Viasat pay-TV brand, is well placed to thrive domestically and internationally according to a report from investment bank Berenberg. The bank recognises that along with many other pay-TV operations, NENT has benefited from the lockdown, saying: “2020 represented a significant year for the global streaming […]

Investment bank Berenberg, in its previews of media stocks for 2021, is downbeat on satellite operator SES. It is maintaining its ‘SELL’ advice to clients and gives a guide price for SES shares of just €6.80 per share. The bank downgraded SES last year and says it remains of the view that consensus forecasts will […]

Formula 1 has managed the pandemic “reasonably well”, says a report from investment bank Berenberg, and is now well-positioned for 2021 growth and an improvement in revenues. “F1 will exit the year in arguably the best operating position it has been in years. This year, management and all F1 teams signed a host of agreements […]

According to a report from investment bank Berenberg, future ARPU growth at Nordic Entertainment Group (NENT) will largely be non-linear and from its Viaplay SVoD platform. NENT’s ARPU has been hit hard by the cancellation of sporting events this year due to the pandemic, and its forecast revenues of cSEK114 per month (€11.12) for FY […]

German commercial broadcasting giant ProSiebenSat.1 Media admitted at an investment bank conference last week that while its advertising revenues had picked up in November and thus making the October-November period to be broadly flat (compared with 2019) and December still had potential for a latish surge in advertising. However, as investment bank Berenberg said on […]

A pair of detailed reports to clients from investment bank Berenberg makes for good reading for Eutelsat but delivered negative advice as to the state of prospects for arch-rival SES. As for Eutelsat, Berenberg’s analyst Robert Berg says that the satellite operator’s shares are “still cheap”. The bank’s note says: “We reiterate our ‘Buy’ rating […]

Investment bank Berenberg says that with the closing of the acquisition of the Meet Group, ProSiebenSat.1 now has an online dating business that has the potential to deliver broad-based revenue and profits growth. “Management has been very clear that the intention is to conduct an IPO for this business (although a trade sale might also […]

A major report on satellite operator SES from analysts at investment bank Berenberg is blunt and expresses doubt in the growth of its ‘Mobility’ division which the bank expects to suffer “materially” slower growth in its coming Q4 numbers and not aided by the pandemic hitting some of SES’s major clients (IFE operators Gogo and […]

A comprehensive study of European commercial broadcasters by analysts at Deutsche Band advises clients that traditional media formats including TV and print have come under significant structural pressure over the past few years as consumers have moved online and advertisers have followed suit. The bank says that, despite the doom and gloom, TV has actually […]