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

Increased risk weighs on ATOS, penalising its rating down to Slightly Negative

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 still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date November 13, 2018, the closing price was EUR 74.62 and its target price was estimated at EUR 69.89.

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.

Alexandre Iatrides ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Léopold Authié
  • Matthias Desmarais
  • Nicolas David
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Veysel Taze
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 24/10/2018

La récente faiblesse du titre offre un bon point d’entrée pour prendre l’histoire en marche et jouer ce profil différenciant (consumer, premium) qui devrait permettre à Pirelli d’afficher l’une des croissances les plus élevées du secteur d’ici 2021 (TMVA BPA de 18%). Nous initions la valeur avec une opinion Achat et un objectif de cours de 7.2 €. Cf étude publiée. - ...

Alexandre Iatrides ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Léopold Authié
  • Matthias Desmarais
  • Nicolas David
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Veysel Taze
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/24/2018

The share’s recent weakness offers a good entry point to buy into the story and play Pirelli’s differentiating profile (consumer, premium), which should enable it to post one of the highest growth rates in the sector out to 2021 (EPS CAGR of 18%). We are initiating coverage with a Buy recommendation and target price of € 7.2. Cf report published. - - ...

Charles Lepetitpas ...
  • Nicolas David

Atos : Disappointing Q3 sales. Adjustment to forecasts but reassuring 2019e FCF

>Disappointing Q3 2018 due to IDM in Germany and to the US - Atos yesterday morning before the market open reported Q3 sales of € 2,884m, reflecting organic growth of +0.1%, below expectations (Oddo BHF: +1.8%; consensus: +1.9%) and a further slowdown on the previous quarters (+2.0% in Q1; +1.5% in Q2). This disappointing performance is linked to the infrastructure & data management (IDM) division, which posted an organic contraction of -4.7% (vs -1.7% in Q2) due...

Gregory Ramirez

ATOS BUY | EUR127 vs. EUR157 Q3 2018 call feedback: confidence needs to be rebuilt

Sales execution is the issue in Infrastructure & Data Management Addressing this issue will not pay off for a few quarters On Syntel, priorities are on synergies and debt refinancing Fair value cut to EUR127 from EUR157

Charles Lepetitpas ...
  • Nicolas David

Atos : Publication T3 décevante. Ajustement des prévisions mais FCF 19 rassurant

>T3 2018 décevant à cause d’IDM en Allemagne et aux Etats-Unis - Atos a publié hier avant Bourse un CA T3 18 de 2 884 M€, en croissance org. de +0.1%, inférieure aux attentes (Oddo BHF : +1.8% ; Consensus : +1.9%) et à nouveau en ralentissement par rapport aux trimestres précédents (+2.0% au T1 ; +1.5% au T2). Cette performance décevante est liée à l’activité Infrastructure & Data Management (IDM) qui affiche une décroissance de -4.7% org. (vs -1.7% au T2) à caus...

1 director sold

A director at Atos Origin sold 6,757 shares at 103.812EUR 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...

Charles Lepetitpas ...
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Nicolas David

ODDO BHF Small & MIDCAP MORNING NEWS - 10/11/2018

...

Charles Lepetitpas ...
  • Emmanuel Matot
  • Léopold Authié
  • Manuel Martin
  • Nicolas David
  • Thomas Effler

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/11/2018

...

Charles Lepetitpas ...
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Nicolas David

ODDO BHF Small & MIDCAP MORNING NEWS - 11/10/2018

...

Charles Lepetitpas ...
  • Emmanuel Matot
  • Léopold Authié
  • Manuel Martin
  • Nicolas David
  • Thomas Effler

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 11/10/2018

...

Charles Lepetitpas ...
  • Nicolas David
  • Salma Bouraoui

ODDO : We now favour defensive and value stocks

With the slowdown in the IT services market and the absence of leverage on margins, we expect no generalised rebound on valuations. We favour defensive and/or value players that have arguments to counter the gloom of the market: Atos, Sopra Steria, and Devoteam are our Top Picks. We have downgraded our recommendation for Capgemini to Neutral and upgraded Indra Sistemas to Buy. - >Anticipated slowdown in H2 2018 after an impressive H1 - The European IT services market h...

Increased risk weighs on ATOS, penalising its rating down to Slightly Negative

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 still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date November 13, 2018, the closing price was EUR 74.62 and its target price was estimated at EUR 69.89.

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...

MarketLine Department

Atos SE - Strategy, SWOT and Corporate Finance Report

Summary Atos SE - 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. Key Findings - Detailed information on Atos SE required for business and competitor intelligence needs - A study of the major internal and external factors affecting Atos SE in the form of a SWOT analysis - An in-depth view of the business model of Atos SE including a breakdown and examination of key business segmen...

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.

Jehanne Leroy

Proxy Report - 24/05/2018

Cette année pour la première fois, la société communique le taux de réalisation de chacun des critères du bonus 2017, ce qui permet de clairement lier montants attribués et performance réalisées. Malgré cette amélioration, que nous saluons, la rémunération totale 2017 (6,12 M€, soit 306 SMICs) de M. breton est toujours excessive. Notons que cela fait 3 années de suite que sa rémunération excède notre plafond de 240 SMICs. De plus, cela fait 3 années de suite qu’elle augmente (+23% entre 2014 et 2015, +10% entre 2015 et 2016 et +12% entre 2016 et 2017). Nous recommandons donc de nouveau l’oppos...

Jehanne Leroy

Etude de l'AG du 24/07/2017

Après une approbation sur le fil en 2016 (la résolution d'attribution d'actions de performance n’avait été approuvée qu’à 66,86%), la société proposait en mai 2017 de nouveau une résolution d'attribution d'actions de performance qui ne présentait aucune modification par rapport à la résolution 2016. Lors de l'AG, la société avait retiré du vote cette résolution, "à la suite des discussions menées par la Société tant auprès des actionnaires qu’avec les agences en conseil de vote". Il semblerait donc que ce soit un risque de rejet qui ait précipité les changements proposés par la société. La so...

Jehanne Leroy

Etude de l'AG du 30/12/2016

Assemblée quelque peu particulière puisque les actionnaires sont non seulement appelés à émettre un avis favorable sur le plan stratégique tri annuel de la société (pratique très peu répandue), mais ils sont aussi appelés à approuver, par anticipation de la Loi Sapin 2 (dont la promulgation est prévue pour la fin de l'année), les principes de rémunération à compter de 2017 de Thierry Breton, Président et Directeur général.Si l'intention (proposer un vote avant même la promulgation) est louable, les caractéristiques de la nouvelle politique de rémunération ne constituent en rien une amélioratio...

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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