Analysts at investment bank BNP-Paribas have welcomed the $23 billion (€19.6bn) agreement from US cellular giant AT&T to acquire spectrum from EchoStar. But the bank says it is not the best news for cable operators. “Overall, we see this as a good deal for AT&T and the wireless industry in general, and a small negative […]
Investment bank BNP Paribas has significantly increased its share price target on Eutelsat following the satellite operator’s results on August 5th. The target price jumps from €1 to €2.9, but the bank still advises clients to consider Eutelsat as an ‘Underperform’ stock, despite having the view that its OneWeb division was now “taking off”. The […]
Eutelsat, as expected, will raise €1.35 billion in fresh capital over the next few months. French daily Le Monde summed up the move with its headline, saying: “The French government is stepping in to rescue Eutelsat”. At the end of the cash restructuring process France will hold 29.9 per cent of the operator’s capital, and […]
Satellite operator Eutelsat saw its share price fall by almost 12 per cent on its Q3 revenue statement last week. BNP-Paribas, the financial services company, has now issued a report on the satellite operator. Sami Kassab, analyst at BNP-Paribas, headlined his note to clients as “More headwinds ahead” and while stressing that Eutelsat’s financial reports […]
Analysts at investment bank BNP-Paribas, in a note following the news that CEO Eva Berneke is to be replaced, sid that the company’s guidance that reaffirmed the previous expectations for the year’s trading which ends on June 30th is good news. French business newspaper La Tribune saidthat Eutelsat’s “fragile situation has become a top priority […]
Analysts at investment bank BNP Paribas have issued their thoughts on satellite operator Eutelsat’s current predicament and have advised clients that their rating on the Paris-based business is ‘underperform’ as far as shareholders are concerned. But worse, in that the bank’s Sami Kassab, in the past a supporter of satellite stocks, has issued a target […]
Investment bank BNP Paribas hosted a low Earth orbiting ‘expert event’ with Dr Tim Farrar, an acknowledged expert on the satellite sector and Direct-to-Device (D2D) services in particular. Farrar argued that Elon Musk’s SpaceX/Starlink service, although embryonic today, are some “18 months ahead of competitors on D2D and that by the end of the year […]
Satellite operator SES has bought back €100 million of its perpetual bonds of which €625 million were in issue. SES’s bonds dropped sharply in mid-January after the credit desk at investment bank BNP Paribas published a note recommending investors sell the debt. The BNP Paribas report suggested that competition from new(ish) satellite players such as […]
A report from analysts at investment bank BNP Paribas on Canal+ says the broadcaster is now on a “super aggregation” strategy. Its share price, since its debut on the London Stock Exchange on December 16th 2024, has been in a depressed state. Currently (January 8th) its shares are trading down 4.6 per cent at £2. […]
Analysts at investment bank BNP-Paribas suggest that 2024 remains another transitional year for German broadcaster ProSiebenSat.1 (PSM). It says that PSM’s increased investment in local content is the right strategic move “but is painful for shareholders”. The bank says that management will increase that local content to support its digital offering. That extra investment on […]