Proximus supplies integrated telecommunications services on the Belgian market. Co.'s activities are divided into four segments: Consumer Business Unit (CBU), which sells voice products and services, internet and television, on fixed and mobile networks, to residential customers; Enterprise Business Unit (EBU), which caters to professional customers; Service Delivery Engine and Wholesale, which centralizes all the network and IT services and costs, provides services to CBU and EBU and sells these services to other telecom and cable operators; and International Carrier Services, which focuses on international carrier activities.
  • TickerBELG
  • ISINBE0003810273
  • ExchangeEuronext Brussels
  • SectorFixed Line Telecommunications
  • CountryBelgium

Analysts

Jérôme VINERIER

Analyse court terme - PROXIMUS : La tendance est haussière.

La tendance est haussière. Les cours progressent encore, mais la tendance s'affaiblit. La prochaine résistance est à 23,21 €. La rupture de 19,10 € mettrait la tendance en danger.

Jérôme VINERIER

Short term view - PROXIMUS : The trend is bullish.

The trend is bullish. Prices are still making progress but the trend is slowing down. The next resistance is at €23.21. The break of €19.10 would endanger the trend.

ING
Research Department

Benelux Morning Notes

ADO Properties: “Group” play – The saga continues. Aedifica: Sells 50% of resi portfolio at 7% premium. AMG: Remains in the sweet spot with 14% EBITDA beat. ArcelorMittal: 3Q18 EBITDA in line, continues to see favourable conditions. ASM International: 3Q18 results – very strong order intake. Belgian telecoms: Proximus unlimited offers - OBEL well positioned, TNET needs to react. Coima RES: Pavilion financing secured at 1.8%. GBL: cash earnings in-line, discount increasing. IBA: Chinese government to invest in 10 PT systems over 2019 and 2020. Ordina: slight miss due to hired capacity ...

Russell Waller

W. Europe Fixed Tariff Tracker – Oct 2018: Positive signs from The Netherlands

W. Europe Fixed Tariff Tracker – Oct 2018: Positive signs from The Netherlands Russell Waller 7

Jérôme VINERIER

Analyse court terme - PROXIMUS : La tendance est haussière.

La tendance est haussière. Les cours progressent encore, mais la tendance s'affaiblit. La prochaine résistance est à 23,21 €. La rupture de 19,10 € mettrait la tendance en danger.

Proximus SA de droit public - December 2016 (LTM): Peer Snapshot

Peer Snapshot: Proximus SA de droit public - December 2016 (LTM) 19 April 2017 (in US millions) FYE Dec-14 FYE Dec-15 LTM Dec-16 FYE Dec-14 FYE Dec-15 LTM Sep-16 FYE Dec-14 FYE Dec-15 LTM Dec-16

ING
Research Department

Benelux Morning Notes

ADO Properties: “Group” play – The saga continues. Aedifica: Sells 50% of resi portfolio at 7% premium. AMG: Remains in the sweet spot with 14% EBITDA beat. ArcelorMittal: 3Q18 EBITDA in line, continues to see favourable conditions. ASM International: 3Q18 results – very strong order intake. Belgian telecoms: Proximus unlimited offers - OBEL well positioned, TNET needs to react. Coima RES: Pavilion financing secured at 1.8%. GBL: cash earnings in-line, discount increasing. IBA: Chinese government to invest in 10 PT systems over 2019 and 2020. Ordina: slight miss due to hired capacity ...

Russell Waller

W. Europe Fixed Tariff Tracker – Oct 2018: Positive signs from The Netherlands

W. Europe Fixed Tariff Tracker – Oct 2018: Positive signs from The Netherlands Russell Waller 7

Alexandre Iatrides ...
  • Rémi Adam

ODDO : Everything you always wanted to know about 5G but were afraid to ask

For the moment, 5G has generated more anxiety than real enthusiasm among investors. Our analysis suggests a smooth transition for capex, but that the incident with the spectrum auctions might weigh on sentiment. We favour the German market if the absence of a fourth player is confirmed on 26 November. Deutsche Telekom (Buy, target price € 17.7) is our Top Pick. - >What is at stake with 5G? - While operators are starting to suggest the launch of 5G packages as of 2019, ...

Alexandre Iatrides ...
  • Rémi Adam

ODDO : Tout ce que vous avez toujours voulu savoir sur la 5G (sans jamais oser le demander)

La 5G génère pour l’heure plus d’anxiété qu’un réel engouement auprès des investisseurs. Notre analyse nous conduit à penser que la transition se fera en douceur sur les Capex mais que l’épisode des enchères de spectre risque de peser sur le sentiment. Nous privilégions l’Allemagne si le 26/11 confirme l'absence de 4e acteur. Deutsche Telekom (Achat, OC 17.7 €) est notre top pick. - >Les enjeux de la 5G - Alors que les opérateurs commencent à suggérer des lancements d’...

Allan C. Nichols

Morningstar | Proximus Improves Its Positioning Through Tuck In Acquisitions

Proximus faces tough competition as cable providers aggressively encroach on its fixed-line business. Increased wireless competition is also occurring. The firm recognizes its limitations and avoids buying growth in areas where it has no competitive advantage. Instead, it returns most of its free cash flow to shareholders in the form of dividends and stock buybacks.However, on Dec. 16, 2016, Proximus announced an increase in its capital expenditure budget to about EUR 1 billion annually for at least the next three years as it rolls out fibre more quickly to better compete. We believe this will...

A director sold 3,000 shares at 29.270EUR and

A director at Proximus sold 3,000 shares at 29.270EUR and the significance rating of the trade was 57/100. 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 ...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Léopold Authié
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Olivier Lebrun
  • Pierre Tegner
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Sven Edelfelt
  • Team Pharma
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/26/2018

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Léopold Authié
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Olivier Lebrun
  • Pierre Tegner
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Sven Edelfelt
  • Team Pharma
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 26/10/2018

...

James Ratzer

Global TMT: ASML, SKY, VOD, EU Mobile, US Policy, Bharti Inf, EU FTTH, BT, Italy, MTN, TEF

Global TMT: ASML, SKY, VOD, EU Mobile, US Policy, Bharti Inf, EU FTTH, BT, Italy, MTN, TEF For further details, please contact James Ratzer on 5 or email , or Charlie Gaynor on 1 or email {MSG CHARLIE GAYNOR }

Ng Adrian

Proximus

Ng Adrian

Proximus

With a more favourable environment, PROXIMUS SA improves to Slightly Positive

PROXIMUS SA (BE), a company active in the Integrated Telecommunications industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date October 12, 2018, the closing price was EUR 21.68 and its potential was estimated at EUR 22.91.

Ng Adrian

Proximus

Ng Adrian

Proximus

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ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/RBS, Proximus and Total

RBS (RBS) reported higher earnings and solid capital metrics in 3Q18. The solid capital metrics are supportive for the bank's spreads. The bank's net income grew by 14% YoY to GBP448m, supported by higher revenues and lower cost base. On an adjusted basis the revenues declined YoY and the bank's net interest margin actually declined QoQ by 8bp. The decline was due to competitive pressures, higher liquidity balances and one off items. (for full story, please download report)

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier

Coffee, Croissants & Credit/Proximus, Cellnex, Enexis and Engie

Proximus (PROXBB) reported a solid set of 2Q18 results this morning. Sales rose 2.6% to €1.45bn. This was the result of a 0.8% increase at Domestic and a 8.9% improvement at BICS, including TeleSign. Group underlying EBITDA rose 6.1% to €493m. Earlier this week, the Belgium government has made is possible for the entrance of a 4th mobile player in the upcoming spectrum auction. Although far from certain, we believe that the risk of a potential new mobile entrant is not reflected in current spreads, with Proximus trading largely trading inside Orange.

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier

Coffee, Croissants & Credit/CSPP, Iberdrola and Proximus

With the summer recess for markets in full swing it is good to see the CSPP programme that is loved to be hated by many, for once, being a huge support to the carry trade in credit. Over the last few weeks spreads have retraced from their wides and curves have flattened. In fairness the retracement has also been affected by the news flow on Italy and the trade war developments, but it is true to say the CSPP, as the continued single buyer of European credit, is doing the heavy lifting. Over the past 4 weeks CSPP has bought €2.2bn, €600bn, €792m with very little of that in primary paper (no mor...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 19/04/2017

In general, Proximus is in compliance with the Belgian regulations relating to the organisation and procedures of the Annual General Meeting.Under ITEM 6, the Board of Directors seeks approval for the Company's remuneration report. In light of insufficient disclosure and our other concerns with regard to the executive compensation package, we recommend opposition.There are no further peculiarities.

Jérôme VINERIER

Analyse court terme - PROXIMUS : La tendance est haussière.

La tendance est haussière. Les cours progressent encore, mais la tendance s'affaiblit. La prochaine résistance est à 23,21 €. La rupture de 19,10 € mettrait la tendance en danger.

Jérôme VINERIER

Short term view - PROXIMUS : The trend is bullish.

The trend is bullish. Prices are still making progress but the trend is slowing down. The next resistance is at €23.21. The break of €19.10 would endanger the trend.

Jérôme VINERIER

Analyse court terme - PROXIMUS : La tendance est haussière.

La tendance est haussière. Les cours progressent encore, mais la tendance s'affaiblit. La prochaine résistance est à 23,21 €. La rupture de 19,10 € mettrait la tendance en danger.

Jérôme VINERIER

Short term view - PROXIMUS : The trend is bullish.

The trend is bullish. Prices are still making progress but the trend is slowing down. The next resistance is at €23.21. The break of €19.10 would endanger the trend.

Jérôme VINERIER

Analyse moyen terme - PROXIMUS : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le rebond gagne en vigueur. Il est trop tôt pour parler de retournement haussier. La tendance de fond serait remise en cause en cas de franchissement de 25,68 €.

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