Home / Uncategorized / Borsa Italiana: the comment of the day (January 23, 2019)

Borsa Italiana: the comment of the day (January 23, 2019)


In three sessions the telephone company lost 15.3%. Unicredit earns 1%: the institute provided an update on analysts' consensus estimates

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Piazza Affari and the main European stock exchanges. They record the fractional progress in the middle of the day., on the eve of the ECB meeting, the first of 2019.

Mercado-azionario_1At 3.35 pm FTSEMib recorded a frantic advance of 0.48% to 19,530 points, while the FTSE Italy All Share It went up 0.46%. Positive actions also for the FTSE Italia Mid Cap (+ 0.36%) and the FTSE Italia Star (+ 0.35%). At the same time, the exchange value was equal to more than one billion euros.

L & # 39;euro It remains just above the 1,135 dollars, while the Bitcoin It is confirmed just above $ 3,500 (just over 3,000 euros).

the propagation between the BTP and the Bund with a ten-year maturity, it has reached almost 260 points.

SEARCH The quotes of the values ​​of SOLMib40.

Telecom Italia rises again after the strong correction suffered in the last three sessions (-15.3%). The participation of the telephone company recovered 1.68% to € 0.4535, after setting the new record of € 0.433 at the beginning of the day. MF calculated the value of Telecom Italia after the last falls suffered by the shares. The capitalization of ordinary shares was reduced to some 6,700 million euros, a value even lower than that of a subsidiary, Tim Brasil, valued at more than 7,000 million euros. Commercial banks also today in action at Telecom Italia. Barclays eliminated the target price in the telephone company from € 0.47 to € 0.42 and confirmed the sentence "underweight" (underweight).

In general, the bank goes up..

Strong Unicredit (+ 2.4% to 10,656 euros). The institute provided the usual update on analysts' consensus estimates. The consensus of the experts indicates for the whole 2018 a net benefit of 2.86 billion euros, a lower forecast than the previous indication of 3.63 billion reported in the autumn. The profit per share, therefore, should be 1.28 euros, compared to the 1.63 euros estimated above. The bank closed 2017 with an adjusted net profit of 3,700 million euros. The profit margin should increase from € 18.8 billion to € 19.74 billion (the previous estimate is 19.71 billion), while the operating result shows € 6.23 billion. The indication of dividend 2019 (relative to financial year 2018) was revised; Analysts expect the bank to distribute a coupon of 0.28 euros.

Sign also for UBI Banca (+ 1.15% to 2.355 euros). The analysts of Kepler Cheuvreux reduced the target price in the institute, from 3,4 euros to 3,2 euros, after the reduction in earnings per share of the two years 2019/2020; however, the experts confirmed the indication of the purchase of the shares.

IntesaSanpaolo earns 1.26% at € 2,052. During an interview with Bloomberg TV, the managing director of the institute, Carlo Messina, pointed out that at this moment there are no spaces for extraordinary operations in Italy. The manager confirmed the guidelines of the dividend policy, which, with reference to the fiscal year 2018, provides for the distribution of a coupon equivalent to 85% of the net profit made.

STM yields 0.52% to 12.41 euros.On the eve of the dissemination of the results of the fourth quarter of 2018. The analysts of Banca Akros reduced the target price for the Franco-Italian company from 23 to 19.5 euros, after reviewing the financial estimates for the coming quarters. However, the experts have confirmed the sentence "Buy" (buy).

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