Atos is an international information technology services company operating in 52 countries. Co.'s customers are sectors like Public Sector and Utilities, Telecoms and Media, Financial Services, Process Industries and Discrete Manufacturing and Consumer Products and Retail. Co. operates in seven geographical segments: Germany; France; Benelux and The Nordics; U.K. and Ireland; Atos Worldline; Central & Eastern Europe; North America; Iberia; and Other Countries. Co. delivers IT services through the following five segments: Managed Services, Systems Integration, Consulting, Worldline: ePayment Services, and Cloud & Enterprise Software.
  • TickerATO
  • ISINFR0000051732
  • ExchangeEuronext Paris
  • SectorSoftware & Computer Services
  • CountryFrance

Analysts

Matthieu Lavillunière ...
  • Thibault Morel

INVEST SECURITIES - ATOS (ACHAT, OC 97€) : L'avant-dernier chapitre de l'histoire Worldline

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/30/2019

We are adopting a more upbeat stance on the winter season thanks to capacity increases being markedly less brisk than in previous years, which offsets the impact of a deterioration in demand. IAG (Buy vs Neutral – € 7.3) becomes our Top Pick for the sector. In our view, it is the stock that stands to gain the most from the streamlining of capacity (in the transatlantic network) and boasts the most attractive valuation. - ...

Charles Lepetitpas ...
  • Nicolas David

Atos : Sale of half of WLN shares to draw down debt and refinance

>Disposal of up to 14% of Worldline’s capital - Atos completed yesterday after the stock market close a transaction to sell a significant portion of its stake in Worldline, which could rise to 52% of the shares currently held, i.e. c. 14% of Worldline's share capital.The arrangement, which is somewhat complex, includes three operations specifically for Atos:The sale of 14.7 million Worldline shares via an ABB for € 780m, representing 7.8% of Worldline's shar...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 30/10/2019

Nous adoptons un ton plus optimiste sur l’hiver grâce à une croissance de l’offre tangiblement moins soutenue que lors des exercices précédents, ce qui permet de tempérer les effets de la dégradation de la demande. IAG (Achat vs Neutre – 7.3 €) devient notre Top Pick sur le secteur. C'est le titre qui, selon nous, bénéficiera le plus de la rationalité de l’offre (vers le transatlantique) et offre la valorisation la plus attractive. - Cf. étude publiée ce jour. - ...

Gregory Ramirez

ATOS: Final FY18 results in line with preliminary numbers, guidance confirmed | BUY | EUR127

ATOS - BUY | EUR127 (+55%) Final FY18 results in line with preliminary numbers, guidance confirmed FY18 revenues and non-IFRS operating margin are confirmed There was no increase of the sales of receivables in H2 2018 FY19 guidance and Advance 2021 ambitions are confirmed

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 30/10/2019 - Fiat Chrysler Automobiles (Achat) – Peugeot (Achat) - FR

Fiat Chrysler Automobiles (Achat) – Peugeot (Achat) : Nouvelles discussions sur une fusion des deux groupes Unicaja Banco : Emission d'une obligation Tier 2 10NC5 Santander (Achat) - 9M-19 : PNB de €37,0 mds (+2,8%) Deutsche Bank (Vente) - 9M-19 : Perte nette de €4,1mds (RN de €455m un an avant) Pirelli (Achat) - 9M-19 : EBITDA de €979m (+7,8%) Fresenius (Conserver) - 9M-19 : EBITDA de €4,5 mds (+2,7%) Atos  (Achat) : Finalise la cession de Worldline et émission convertible de €500m Stora Enso (Achat) - 9M-19 : EBIT de €841m (-20...

Matthieu Lavillunière ...
  • Thibault Morel

INVEST SECURITIES - ATOS (ACHAT, OC 97€) : L'avant-dernier chapitre de l'histoire Worldline

Charles Lepetitpas ...
  • Nicolas David

Atos : Sale of half of WLN shares to draw down debt and refinance

>Disposal of up to 14% of Worldline’s capital - Atos completed yesterday after the stock market close a transaction to sell a significant portion of its stake in Worldline, which could rise to 52% of the shares currently held, i.e. c. 14% of Worldline's share capital.The arrangement, which is somewhat complex, includes three operations specifically for Atos:The sale of 14.7 million Worldline shares via an ABB for € 780m, representing 7.8% of Worldline's shar...

Gregory Ramirez

ATOS: Sale of EUR780m Worldline shares and issuance of EUR500m bonds | BUY - Top Picks | EUR107

ATOS - BUY - Top Picks | EUR107 (+59%) Sale of EUR780m Worldline shares and issuance of EUR500m bonds Atos sold 8% of Worldline and issues exchangeable bonds Atos will reduce its stake in Worldline to 13.1% from 27.3% The company will repay debt and get more cash for acquisitions We reiterate our Buy – Top Pick and our Fair Value of EUR107

Charles Lepetitpas ...
  • Nicolas David

Atos : Cession de la moitié des titres WLN pour se désendetter et se refinancer

>Cession pouvant aller jusqu’à 14% du capital de Worldline… - Atos a réalisé hier après Bourse une opération de cession d’une part significative de sa participation dans Worldline, pouvant monter à 52% des actions aujourd’hui détenues, soit c. 14% du capital de Worldline. Le montage, quelque peu complexe comprend 3 opérations spécifiquement pour Atos :La cession de 14.7 millions de titres Worldline via un ABB pour un montant de 780 M€, soit 7.8% du capital de Wor...

Gregory Ramirez

ATOS: Q3 2019 call feedback: back on track, in a volatile environment | BUY - Top Picks | EUR107 (+62%)

ATOS - BUY - Top Picks | EUR107 (+62%) Q3 2019 call feedback: back on track, in a volatile environment Elie Girard to become CEO and Bertrand Meunier Chairman Some things are back on track, others are under scrutiny Synergies with Syntel still materialising as planned Management is exploring options for Big Data & Cybersecurity

1 director sold

A director at Atos SE sold 14,907 shares at 68.317EUR 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 membe...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/30/2019

We are adopting a more upbeat stance on the winter season thanks to capacity increases being markedly less brisk than in previous years, which offsets the impact of a deterioration in demand. IAG (Buy vs Neutral – € 7.3) becomes our Top Pick for the sector. In our view, it is the stock that stands to gain the most from the streamlining of capacity (in the transatlantic network) and boasts the most attractive valuation. - ...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 30/10/2019

Nous adoptons un ton plus optimiste sur l’hiver grâce à une croissance de l’offre tangiblement moins soutenue que lors des exercices précédents, ce qui permet de tempérer les effets de la dégradation de la demande. IAG (Achat vs Neutre – 7.3 €) devient notre Top Pick sur le secteur. C'est le titre qui, selon nous, bénéficiera le plus de la rationalité de l’offre (vers le transatlantique) et offre la valorisation la plus attractive. - Cf. étude publiée ce jour. - ...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/25/2019

...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 25/10/2019

...

Alain William ...
  • Bruno Cavalier
  • Charles Lepetitpas
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Martial Descoutures
  • Nicolas David
  • Oussema Denguir
  • Pierre Tegner
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/23/2019

...

ATOS sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of ATOS (FR), active in the Computer Services industry. As regards its fundamental valuation, the title now shows 2 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date August 2, 2019, the closing price was EUR 70.24 and its target price was estimated at EUR 58.52.

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...

Gregory Ramirez

Software & IT services: Q4 2019 Top Picks: adding Atos, removing SAP and Sopra Steria

Software & IT services Q4 2019 Top Picks: adding Atos, removing SAP and Sopra Steria European IT stocks have clearly underperformed in Q3 2019 We do not expect material trend changes in Q4 2019 We remove SAP and Sopra Steria from our Top Pick list… …and replace them by Atos on expected better growth momentum

MarketLine Department

Deutsche Telekom AG - Strategy, SWOT and Corporate Finance Report

Summary Deutsche Telekom AG - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Deutsche Telekom AG (Deutsche Telekom or ‘the company’) is an integrated telecommunications services provider. The company offers fixed-network/boradband and mobile communications, IPTV products and services for consumers, and information, communication and technology (ICT) solutions for ...

MarketLine Department

Cognizant Technology Solutions Corp - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Cognizant Technology Solutions Corp Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Cognizant Technology Solutions Corp since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sus...

MarketLine Department

Indra Sistemas, S.A. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Indra Sistemas, S.A. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Indra Sistemas, S.A. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage...

MarketLine Department

GFI Informatique - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's GFI Informatique Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by GFI Informatique since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key H...

Expert Corporate Governance Service (ECGS)

Atos, 30th April 2019

ADDENDUM (as of 4th April 2019): the company published an addendum this day that changes vesting conditions of options and performance shares. This changes our voting recommendation on item 22, but it does not change our voting recommendation on item 21 and 26. ITEM 5: the company proposes the payment of an exceptional dividend in kind of 2 Worldline Shares for 5 Atos shares. ECGS supports this proposal. ITEM 6: the company proposes a non-binding vote on its new strategic plan. It’s the only one in France to do so. We appreciate this initiative. ITEM 8: the mandate of Thierry Breton, chairman...

Jehanne Leroy

Atos 30 Avril 2019

ADDENDUM du 4 avril 2019 : la société a publié ce jour un addendum à sa brochure de convocation modifiant les conditions d’acquisition des options et actions de performance objets des résolutions 21 et 22. Ces changements modifient notre recommandation de vote sur la résolution 22 (Options), mais ne modifient pas nos recommandations de vote sur les résolutions 21 et 26. GouvernanceIl est proposé de renouveler le mandat de Thierry Breton, Président Directeur Général, comme administrateur. En termes de gouvernance, le bilan n’est pas positif puisque le taux d’indépendance du conseil selon Proxi...

Atos - Assemblée générale des actionnaires du 30 avril 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elle vous sera adressée par ResearchPool une fois publiée.

Atos – 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...

Jehanne Leroy

Proxy Report - 24/05/2018

This year, for the first time, the company discloses achievement rates of each criterion of the 2017 annual bonus. We welcome this improvement. However, Mr Breton’s 2017 remuneration (€6.12 M) remains excessive as it represents 150% of the CAC 40 median. Hence, we do not support item 10.

Jérôme VINERIER

Short term view - ATOS : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €59.88. The background trend would be questioned should prices rise above €101.30.

Jérôme VINERIER

Analyse court terme - ATOS : 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 59,88 €. La tendance de fond serait remise en cause en cas de franchissement de 101,30 €.

Jérôme VINERIER

Short term view - ATOS : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at €59.88, then €52.10. Passing €101.30 would question the continuation of the fall.

Jérôme VINERIER

Analyse court terme - ATOS : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 59,88 €, puis 52,10 €. Le franchissement de 101,30 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Analyse moyen terme - ATOS : La tendance est baissière.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 59,90 €, puis 47,90 €. Le franchissement de 109,00 € remettrait en cause la suite de la baisse.

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