Actividades de Construccion y Servicios S.A.

ACS Actividades de Construccion y Servicios is a holding company. Through its subsidiaries, Co.'s activities are divided into the following areas: Construction, engaged in the construction of civil works, and residential and non-residential building construction; industrial services, engaged in the development of applied engineering services, installations and the maintenance of industrial infrastructures in the energy, communications and control systems sectors; services, groups together environmental services, the outsourcing of building maintenance services, logistics and transport services; and concessions, mainly engaged in transport infrastructure concessions.
  • TickerACS
  • ISINES0167050915
  • ExchangeMadrid Stock Exchange
  • SectorConstruction & Materials
  • CountrySpain

Analysts

Ibrahim Firdaus

ACS

Rafael Fernández de Heredia

ACS - 9m18 results affected by forex. Good organic growth

Jérôme VINERIER

Short term view - ACS : The recovery is a consolidation.

The trend is bearish. The recovery is a consolidation. The fall might resume toward €29.77. The background trend would be questioned should prices rise above €33.82.

Jérôme VINERIER

Analyse court terme - ACS : La reprise est une consolidation.

La tendance est baissière. La reprise est une consolidation. La baisse risque de reprendre jusqu'à 29,77 €. La tendance de fond serait remise en cause en cas de franchissement de 33,82 €.

Jérôme VINERIER

Short term view - ACS : The trend is bearish.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at €29.77. The bearish trend would be challenged above €33.82.

Rafael Fernández de Heredia

ACS - 9m18 results affected by forex. Good organic growth

Rafael Fernández de Heredia

ACS - 1H’18 Results affected by forex; good organic growth

ACS: 2Q18 Results in line

There were not significant surprises in ACS’ 2Q18 results, which should have a neutral impact on its stock price. We maintain our Hold recommendation and €35.5/share target price unchanged.

Filipe Rosa

Construction & Building Materials: Termination of Coverage

Due to a reallocation of resources, Haitong Research is terminating coverage of ACS, FCC, Ferrovial, Sacyr, OHL and Abertis. Effective upon this termination of coverage, our last recommendations, fair values and estimates should not be relied upon going forward.

ACS launches a competing bid for Abertis

ACS launches a competing bid for Abertis ACS, through its subsidiary Hochtief, has announced a competing bid for Abertis at a price of €18.76/share in cash and/or 0.1281 Hochtief shares for each Abertis share. A minimum 20% of the price will be paid with Hochtief shares (or 22% adjusted for 8% treasury stock held). There will not be a lock up period for the new shares. The bid is conditioned to a minimum 50% acceptancy and to regulatory approvals. Expensive but the deal is EPS accretive for ACS Although the bid price is higher than both market expectations (€18/share) and our valuation of A...

1 director sold

A director at Acs Actividades De Construccion Y Servicios sold 2,715 shares at 37.760EUR and the significance rating of the trade was 58/100. 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 lis...

Ibrahim Firdaus

ACS

Ibrahim Firdaus

ACS

Ibrahim Firdaus

ACS

Ibrahim Firdaus

ACS

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Ibrahim Firdaus

ACS

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Expert Corporate Governance Service (ECGS)

Etude de l'AG du 04/05/2017

In item 3, shareholders are called to an advisory vote on the Annual Remuneration Report, including the remuneration policy and the amounts paid in the last year. The Company has improved the quality of disclosure, including the performance metrics used to calculate the 2017 bonus, but individual weightings are not disclosed and it is not clear whether a percentage of the bonus will depend on a discretionary assessment. In 2016, the Company paid an additional fee of € 1 million to a non-executive Director, for his "dedication and efforts". We strongly regret that extraordinary bonuses are allo...

Jérôme VINERIER

Short term view - ACS : The recovery is a consolidation.

The trend is bearish. The recovery is a consolidation. The fall might resume toward €29.77. The background trend would be questioned should prices rise above €33.82.

Jérôme VINERIER

Analyse court terme - ACS : La reprise est une consolidation.

La tendance est baissière. La reprise est une consolidation. La baisse risque de reprendre jusqu'à 29,77 €. La tendance de fond serait remise en cause en cas de franchissement de 33,82 €.

Jérôme VINERIER

Short term view - ACS : The trend is bearish.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at €29.77. The bearish trend would be challenged above €33.82.

Jérôme VINERIER

Analyse court terme - ACS : La tendance est baissière.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 29,77 €. La tendance baissière serait remise en cause au-dessus de 33,82 €.

Valérie GASTALDY

Medium term view - ACS : The recent fall is getting more vigorous.

The trend is bullish. The recent fall is getting more vigorous. The next support is at €32.37. A break below €26.61 would challenge the trend.

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