The group is currently succeeding in acquiring new customers in France on both Fixed and Mobile. At the expense of margins in Q4, the good 2019 outlook given by management seems achievable. We remain at Buy on Altice as we still see solid long-term prospects for Altice France and Altice Portugal but we remind once again that the stock, given its high leverage, is a sort of call option with all the risks that this entails.
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An outlook better than expected for Altice France in 2019
- Published:
29 Mar 2019 -
Author:
Jean-Michel Salvador -
Pages:
3
The group is currently succeeding in acquiring new customers in France on both Fixed and Mobile. At the expense of margins in Q4, the good 2019 outlook given by management seems achievable. We remain at Buy on Altice as we still see solid long-term prospects for Altice France and Altice Portugal but we remind once again that the stock, given its high leverage, is a sort of call option with all the risks that this entails.