The acquisition of Bouygues Telecom by Numericable-SFR, which is widely expected by investors in France, could be less attractive than anticipated, according to analysts at Exane BNP Paribas. In a note reported in the French press, Exane BNP Paribas has downgraded its rating of Numericable-SFR from neutral to underperform on the basis that an acquisition […]
Exane BNP Paribas has raised its target for French cable operator Numericable and upped its recommendation on the company’s stock from neutral to outperform. In a note entitled ‘All’s well that merges well’, the bank’s analysts set a target of €50 for Numericable stock, up from €34. According to Exane BNP Paribas, the fusion of […]
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