Aena SME SA

Aena SME SA, formerly Aena SA, is a Spain-based company primarily engaged in the airports operation. Its activities are divided into four segments: Airports, which comprises Aeronautical subdivision, responsible for the management of airports, jetways, security, handling, cargo and fuel services, among others, as well as Commercial subdivision, including duty-free and specialty stores, restaurant services, car rental, as well as banking services and advertising; Services outside the terminal, which manages real estate assets, such as parking lots, warehouses and lands; International, which comprises operations of Company's subsidiary, Aena Desarrollo Internacional SA, that invests in other airport owners principally in Mexico, Colombia and the United Kingdom; and Others, encompassing corporate activities. It manages tourism, hub and regional airports, as well as heliports and general aviation areas. Furthermore, its destination range comprises Europe, the Americas, Asia and Africa.
  • TickerA12D3A
  • ISINES0105046009
  • ExchangeMadrid Stock Exchange
  • SectorIndustrial Transportation
  • CountrySpain

Analysts

Research Department

IBERIAN DAILY 04 OCTOBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: AENA, LIBERBANK. MARKETS YESTERDAY AND TODAY Stock markets try to stabilise Europe ended above Wednesday’s support level despite a new disappointing non-manufacturing ISM figure in the US . Within the Euro STOXX, we saw significant sector dispersion, with cyclicals such as Basic Resources and Travel&Leisure posting the biggest falls while Food and Technology were the best performers. On the macro side, in the euro zone, September’s final PMI lost 4 tenths vs. the preliminary data due mainly to the worst data of Germany. However, August’s retail sales rose in line with expec...

Research Department

IBERIAN DAILY 04 OCTOBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: AENA, LIBERBANK. MARKETS YESTERDAY AND TODAY Stock markets try to stabilise Europe ended above Wednesday’s support level despite a new disappointing non-manufacturing ISM figure in the US . Within the Euro STOXX, we saw significant sector dispersion, with cyclicals such as Basic Resources and Travel&Leisure posting the biggest falls while Food and Technology were the best performers. On the macro side, in the euro zone, September’s final PMI lost 4 tenths vs. the preliminary data due mainly to the worst data of Germany. However, August’s retail sales rose in line with expec...

Research Department

IBERIAN DAILY 25 SEPTEMBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: AENA, ARCELOR MITTAL, IAG, SANTANDER, TELEFÓNICA. MARKETS YESTERDAY AND TODAY Markets close flat European markets closed relatively stable, consolidating the support levels reached on Monday. In the Euro Stoxx, the worst sectors were cyclical ones like Energy and Autos, with defensive sectors like Utilities and Pharma performing the best. On the macro side, in Spain the BoS lowered its expected growth to 2.0% YoY (-0.4pp) for 2019 and to 1.7% (-0.2pp) in 2020. In Germany, September’s IFO recovered slightly more than expected, suggesting growth in 3Q’19 of -1.0% YoY vs. 0.5%...

Research Department

INFORME DIARIO 25 SEPTIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: AENA, ARCELOR MITTAL, IAG, SANTANDER, TELEFÓNICA. EUROPA: DAIMLER, TOTAL. En las mismas referencias Cierre relativamente estable en las bolsas europeas que se dedicaron a consolidar los niveles de soporte alcanzados el lunes. En el Euro STOXX los peores sectores fueron cíclicos como Energía y Autos frente a defensivos como Utilities y Farma que presentaron el mejor resultado relativo. Por el lado macro, en España el BdE rebajó el crecimiento esperado al 2,0% a/a (-0,4 p.p.) para 2019 y al 1,7% (-0,2 p.p.) en 2020. En Alemania el IFO de septiembre...

Oscar Rodriguez

AENA: MENSAJES DE LA CONFERENCE CALL RDOS. 1S19 (ANÁLISIS BANCO SABADELL)

AENA: MENSAJES DE LA CONFERENCE CALL RDOS. 1S19 (ANÁLISIS BANCO SABADELL)

Research Department

IBERIAN DAILY 04 OCTOBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: AENA, LIBERBANK. MARKETS YESTERDAY AND TODAY Stock markets try to stabilise Europe ended above Wednesday’s support level despite a new disappointing non-manufacturing ISM figure in the US . Within the Euro STOXX, we saw significant sector dispersion, with cyclicals such as Basic Resources and Travel&Leisure posting the biggest falls while Food and Technology were the best performers. On the macro side, in the euro zone, September’s final PMI lost 4 tenths vs. the preliminary data due mainly to the worst data of Germany. However, August’s retail sales rose in line with expec...

Research Department

IBERIAN DAILY 04 OCTOBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: AENA, LIBERBANK. MARKETS YESTERDAY AND TODAY Stock markets try to stabilise Europe ended above Wednesday’s support level despite a new disappointing non-manufacturing ISM figure in the US . Within the Euro STOXX, we saw significant sector dispersion, with cyclicals such as Basic Resources and Travel&Leisure posting the biggest falls while Food and Technology were the best performers. On the macro side, in the euro zone, September’s final PMI lost 4 tenths vs. the preliminary data due mainly to the worst data of Germany. However, August’s retail sales rose in line with expec...

Research Department

IBERIAN DAILY 25 SEPTEMBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: AENA, ARCELOR MITTAL, IAG, SANTANDER, TELEFÓNICA. MARKETS YESTERDAY AND TODAY Markets close flat European markets closed relatively stable, consolidating the support levels reached on Monday. In the Euro Stoxx, the worst sectors were cyclical ones like Energy and Autos, with defensive sectors like Utilities and Pharma performing the best. On the macro side, in Spain the BoS lowered its expected growth to 2.0% YoY (-0.4pp) for 2019 and to 1.7% (-0.2pp) in 2020. In Germany, September’s IFO recovered slightly more than expected, suggesting growth in 3Q’19 of -1.0% YoY vs. 0.5%...

Research Department

INFORME DIARIO 25 SEPTIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: AENA, ARCELOR MITTAL, IAG, SANTANDER, TELEFÓNICA. EUROPA: DAIMLER, TOTAL. En las mismas referencias Cierre relativamente estable en las bolsas europeas que se dedicaron a consolidar los niveles de soporte alcanzados el lunes. En el Euro STOXX los peores sectores fueron cíclicos como Energía y Autos frente a defensivos como Utilities y Farma que presentaron el mejor resultado relativo. Por el lado macro, en España el BdE rebajó el crecimiento esperado al 2,0% a/a (-0,4 p.p.) para 2019 y al 1,7% (-0,2 p.p.) en 2020. En Alemania el IFO de septiembre...

Oscar Rodriguez

AENA: MENSAJES DE LA CONFERENCE CALL RDOS. 1S19 (ANÁLISIS BANCO SABADELL)

AENA: MENSAJES DE LA CONFERENCE CALL RDOS. 1S19 (ANÁLISIS BANCO SABADELL)

1 director sold

A director at Aena Sa sold 1,200,000 shares at 159.530EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board m...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

AENA April 09th, 2019

We have serious concerns over the lack of independent representation on the Board (40% according to the Company but 33% as per our guidelines) and the excessive influence of the Spanish State on the management of Aena (67% of Board members have or have had significant relationships with Spanish political institutions). Also taking into account that the Chair and CEO positions are combined, we recommend that shareholders oppose the ratification of the appointment of the Chairman-CEO Mr. Maurici Lucena Betriu as executive Director (item 7.1). Due to our concerns over the composition of the Boar...

Aena – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 27/04/2017

We have concerns over the composition of the Board of Directors, due to the combined Chairman-CEO position, the lack of independent representation (40% according to the Company and 33% as per our guidelines) and the excessive number of Directors representing the controlling shareholder (47%). In addition, we have concerns over the strict independence of the Lead Independent Director, Mr. Eduardo Fernández-Cuesta Luca de Tena, as he is the Chairman of a company that provided advisory services to Aena in 2016. Therefore, we recommend that shareholders oppose the appointment of representatives of...

Valérie GASTALDY

Analyse court terme - AENA SA : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 130,22 €. La tendance de fond serait remise en cause en cas de franchissement de 151,20 €.

Valérie GASTALDY

Short term view - AENA SA : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €130.22. The background trend would be questioned should prices rise above €151.20.

Valérie GASTALDY

Analyse court terme - AENA SA : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 130,22 €. La tendance de fond serait remise en cause en cas de franchissement de 151,20 €.

Valérie GASTALDY

Short term view - AENA SA : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €130.22. The background trend would be questioned should prices rise above €151.20.

Valérie GASTALDY

Medium term view - AENA SA : Falling prices.

The trend is uncertain. Prices are falling and they may accelerate to the downside. A new bearish trend is attempting to emerge.

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