Telenet Group Holding NV

Telenet Group Holding is a holding company. Through its subsdiairies and its broadband network, Co. is engaged in the provision of cable television, including television services, broadband internet and telephony services to residential subscribers in Flanders and certain communes in Brussels as well as broadband internet, data and voice services in the business market throughout Belgium and parts of Luxembourg. In addition, Co. is engaged in the provision of mobile telephony services through a mobile virtual network operator partnership with Mobistar NV.
  • TickerTNET
  • ISINBE0003826436
  • ExchangeEuronext Brussels
  • SectorMedia
  • CountryBelgium

Analysts

ING
ING Helpdesk

Benelux Morning Notes

Air France-KLM: Unconvincing 3Q19 numbers. AMG: 6% EBITDA beat, cautious outlook for FY2020. ASM International: Logic/foundry strength continues to beat expectations. B&S Group: Preview - New round, new opportunity. Royal Dutch Shell: Not realizing full share buyback programme is disappointing SBM Offshore: Not winning Carcará would be disappointing. Telenet Group: 1% sales, EBITDA beat vs cons, 0.5% increase in sales guidance, FCF low. Van Lanschot Kempen: +€0.8bn NNM, flagged 10-12% RWA increase not a concern

Cedric Duinslaeger ...
  • Guy Sips
  • Jason Kalamboussis
  • Marcel Achterberg
  • Ruben Devos
  • Wim Hoste

Morning Note: ASM NA, DSM NA, FFARM NA, FUR NA, INGA NA, RES BB, SOLB BB, TNET BB

ASM International: Strong bookings point to good quarters ahead DSM: Preview 3Q: expect 5% underlying EBITDA growth ForFarmers: From ‘purchasing positions’ to ‘nitrogen emissions’ Fugro: Partly monetizes GMG stake ING: Upgrade to Buy: good 3Q, earnings slide priced in Resilux: New share buy-back programme Solvay: Preview 3Q19E : most eyes on the strategy update Telenet: Financials a tad better, operating results fall short

For TELENET GROUP HOLDING NV, the environment deterioration entails a downgrade to Neutral

TELENET GROUP HOLDING NV (BE), a company active in the Integrated Telecommunications industry, now shows a lower overall rating. The independent financial analyst theScreener just confirmed the fundamental rating of 2 stars out of 4, as well as the stock market behaviour of the title as moderately risky. However, environmental deterioration penalises the general evaluation, which is downgraded to Neutral. As of the analysis date October 29, 2019, the closing price was EUR 42.14 and its expected value was estimated at EUR 43.26.

ING
ING Helpdesk

Benelux Morning Notes

ABN AMRO: Focus on NII, KYC and cost control. Euronav: 3Q19 in line, 4Q outcome difficult to predict. KBC: Decent performance expected in challenging market conditions. Kinepolis: Approval no longer needed to open new cinema complexes in Belgium. NN Group: New CEO, consistent messaging expected. Telenet Group: 3Q19 preview

ING
ING Helpdesk

Benelux Morning Notes

Belgian telecoms: More news on the VOO disposal. Euronext: September ends on a somewhat mixed note. Fagron: Preview of 3Q19 trading update. Royal Philips: Profit warning on Connected Care

Telenet Group Holding NV - June 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Telenet Group Holding NV - March 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Telenet Group Holding NV - December 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Telenet Group Holding NV: Update following 2018 results

Our credit view of Telenet, reflecting the company's modest leverage, as well as the increasingly difficult competitive and regulatory environments.

Telenet Group Holding NV - September 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

ING
ING Helpdesk

Benelux Morning Notes

Air France-KLM: Unconvincing 3Q19 numbers. AMG: 6% EBITDA beat, cautious outlook for FY2020. ASM International: Logic/foundry strength continues to beat expectations. B&S Group: Preview - New round, new opportunity. Royal Dutch Shell: Not realizing full share buyback programme is disappointing SBM Offshore: Not winning Carcará would be disappointing. Telenet Group: 1% sales, EBITDA beat vs cons, 0.5% increase in sales guidance, FCF low. Van Lanschot Kempen: +€0.8bn NNM, flagged 10-12% RWA increase not a concern

Cedric Duinslaeger ...
  • Guy Sips
  • Jason Kalamboussis
  • Marcel Achterberg
  • Ruben Devos
  • Wim Hoste

Morning Note: ASM NA, DSM NA, FFARM NA, FUR NA, INGA NA, RES BB, SOLB BB, TNET BB

ASM International: Strong bookings point to good quarters ahead DSM: Preview 3Q: expect 5% underlying EBITDA growth ForFarmers: From ‘purchasing positions’ to ‘nitrogen emissions’ Fugro: Partly monetizes GMG stake ING: Upgrade to Buy: good 3Q, earnings slide priced in Resilux: New share buy-back programme Solvay: Preview 3Q19E : most eyes on the strategy update Telenet: Financials a tad better, operating results fall short

ING
ING Helpdesk

Benelux Morning Notes

ABN AMRO: Focus on NII, KYC and cost control. Euronav: 3Q19 in line, 4Q outcome difficult to predict. KBC: Decent performance expected in challenging market conditions. Kinepolis: Approval no longer needed to open new cinema complexes in Belgium. NN Group: New CEO, consistent messaging expected. Telenet Group: 3Q19 preview

ING
ING Helpdesk

Benelux Morning Notes

Belgian telecoms: More news on the VOO disposal. Euronext: September ends on a somewhat mixed note. Fagron: Preview of 3Q19 trading update. Royal Philips: Profit warning on Connected Care

Cedric Duinslaeger ...
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Sandra Cauwenberghs

Morning Note: FAGR BB, TNET BB, TUB BB, UCB BB, VPK NA

Fagron: Items to watch in the 3Q19 update Telenet: Analogue switch-off Tubize: UCB acquires Ra Pharmaceuticals UCB: Complementing Roza FcRn with Ra’s C5 in phase III Vopak: Update on divestment Algeciras

1 director sold

A director at Telenet sold 1,000 shares at 49.840EUR and the significance rating of the trade was 54/100. 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 members...

Global TMT: TSLA, AVGO, T, VZ, CMCSA, TMUS, ATUS, TNET, ILD, Indonesia

Global TMT: TSLA, AVGO, T, VZ, CMCSA, TMUS, ATUS, TNET, ILD, Indonesia Chris Hoare 0 chris @newstreetresearch.com

For TELENET GROUP HOLDING NV, the environment deterioration entails a downgrade to Neutral

TELENET GROUP HOLDING NV (BE), a company active in the Integrated Telecommunications industry, now shows a lower overall rating. The independent financial analyst theScreener just confirmed the fundamental rating of 2 stars out of 4, as well as the stock market behaviour of the title as moderately risky. However, environmental deterioration penalises the general evaluation, which is downgraded to Neutral. As of the analysis date October 29, 2019, the closing price was EUR 42.14 and its expected value was estimated at EUR 43.26.

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...

ING
Hendrik Wiersma ...
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Benelux Credit Digest/Issuer Profiles

Once again, it is with great pleasure that we present the eleventh edition of our Benelux Credit Digest, our annual overview of the key fundamentals and credit metric developments of the most important corporate and financial credits in Belgium, the Netherlands and Luxembourg.

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

Coffee, Croissants & Credit/EDF, ENI, BPCE and Telenet

Under the pressure of the “Yellow jerseys”, French Prime Minister Edouard Philippe, announced a set of energy prices and tax freeze. One of them concerns the increase in electricity prices (25m of French consumers still choose to buy electricity at the regulated price vs. the market price). Due to the ongoing increase in wholesale power prices since the last two years and the need for EDF SA (EDF) to fully recover its costs, an increase of power prices in 2019 and 2020 was initially in discussion before the strikes started. According to the French newspaper Le Figaro, the regulator was looking...

Expert Corporate Governance Service (ECGS)

Telenet Group - AGM and EGM 24 April 2019

In general, Telenet is in compliance with Belgian regulations relating to the organization and procedures of the Annual General Meeting. ITEMS 1 to 8 concern the Annual General Meeting. ITEMS E.1 and E.2 concern the Extraordinary Meeting. in ITEM 4, the board of directors seeks approval of the Company's remuneration report. Since ECGS does not approve the long term incentive plans that do not operate one or more challenging performance conditions, we recommend shareholders to OPPOSE. Under ITEMS 5.1- 5.13, the Company seeks to discharge individual members of the board of directors. In ligh...

Telenet – 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 26/04/2017

In general, Telenet is in compliance with the Belgian regulations relating to the organisation and procedures of the Annual General Meeting.Under ITEM 4, the Board of Directors seeks approval for the Company's remuneration report. Since we have various concerns over the Company's executive compensation structure we recommend opposition.Under ITEMS 6a-6n, discharge of the Board of Directors is sought. As we do not approve of the discharge of Directors who missed more than 25% of the board meetings without adequate justification, we recommend opposing the discarge of Mr. John Porter (ITEM 6d), M...

Valérie GASTALDY

Analyse court terme - TELENET GROUP HOLDING NV : La tendance est haussière.

La tendance est haussière. La baisse en cours s'apparente à une consolidation. Le support à 42,90 € pourrait relancer le mouvement haussier vers 48,80 €. La rupture de 42,90 € mettrait la tendance en danger.

Valérie GASTALDY

Short term view - TELENET GROUP HOLDING NV : The trend is bullish.

The trend is bullish. The current fall looks like a consolidation. The support at €42.90 could cause a bullish reaction towards €48.80. The break of €42.90 would endanger the trend.

Valérie GASTALDY

Analyse court terme - TELENET GROUP HOLDING NV : Les cours progressent encore.

La tendance est haussière. Les cours progressent encore, mais la tendance s'affaiblit. La prochaine résistance est à 48,80 €. La rupture de 42,90 € mettrait la tendance en danger.

Valérie GASTALDY

Short term view - TELENET GROUP HOLDING NV : Prices are still making progress.

The trend is bullish. Prices are still making progress but the trend is slowing down. The next resistance is at €48.80. The break of €42.90 would endanger the trend.

Valérie GASTALDY

Analyse moyen terme - TELENET GROUP HOLDING NV : La tendance est incertaine.

La tendance est incertaine. Les Stochastiques sont en zone de surachat. Les cours pourraient se replier jusqu'à 38,95 €.

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