|Bid||23.64 x 0|
|Ask||23.66 x 0|
|Day's Range||23.58 - 24.00|
|52 Week Range||16.93 - 25.96|
|Beta (3Y Monthly)||0.89|
|PE Ratio (TTM)||22.71|
|Earnings Date||Aug 2, 2019|
|Forward Dividend & Yield||0.90 (3.78%)|
|1y Target Est||22.82|
Could Atlantia S.p.A. (BIT:ATL) be an attractive dividend share to own for the long haul? Investors are often drawn to...
Moody's Investors Service (Moody's) has today placed under review for downgrade the Baa3 senior unsecured rating and the (P)Baa3 rating of the senior unsecured euro medium-term note (EMTN) programme of Atlantia S.p.A. (Atlantia), holding company for the group's motorway and airport infrastructure businesses. Concurrently, Moody's placed under review for downgrade the Baa2 issuer and senior unsecured ratings, and the (P)Baa2 senior unsecured EMTN programme rating, of toll road operator Autostrade per l'Italia S.p.A. (ASPI).
European shares surged on Monday to their highest in nearly two months, led by trade-sensitive technology stocks after the United States and China agreed to restart trade negotiations. The pan-European STOXX 600 index rose 0.8% on broad-based gains, with the STOXX 50 index of Europe's biggest stocks rising 1.3% to its highest level since February 2018 before closing 0.7% higher. At a meeting on the sidelines of the G20 summit, President Donald Trump offered concessions to his Chinese counterpart Xi Jinping including no new tariffs and reducing restrictions on tech company Huawei.
Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the...
Funds From Operations (FFO)/debt falls below 8% and Moody's Debt Service Coverage Ratio (DSCR) falls below 1.2x on a sustained basis)." and the fourth paragraph was added: "HIT ratings could also come under downward pressure if the consolidated credit profile of its controlling shareholder, Atlantia, were to fall below investment grade. Moody's considers, however, that the creditor protections included in Sanef's financing structure would insulate Sanef's ratings from a material degradation of Atlantia's credit profile." to include additional details regarding the rationale for the ratings downward pressure.
MILAN (Reuters) - A junior minister for Italy's ruling 5-Star Movement said on Friday that he had nothing against a potential involvement of the Benetton family in the rescue of loss-making carrier Alitalia. ...
The Benetton family's holding company will not replace its departing CEO, giving the second generation of the family a bigger role in managing its economic empire, a source close to the matter said. Edizione, the Benettons' investment vehicle controlling motorway group Atlantia and caterer Autogrill, said on Tuesday its Chief Executive Marco Patuano was leaving the company after two and a half years at the helm. Patuano's exit will leave more power in the hands of Edizione's board members, the source said.
Moody's America Latina (Moody's) has downgraded Concessionaria Rodovias do Tiete S.A.´s ("Rodovias do Tiete" or "the company") CFR (corporate family ratings) and senior secured ratings to Ca/Ca.br from Caa2/Caa2.br on the global and the Brazilian national scales (NSR) respectively. The downgrade reflects Moody´s views of an increased probability of default that would also cause a higher loss for creditors. Moody´s notes that the ongoing debt restructure negotiation between creditors and shareholders that started on July 2017 has not reached any solution so far which creates additional pressure on the company´s liquidity and ability to honor its debt service.
The Benetton family wants Generali to remain in Italian hands and is ready to tighten its grip on Europe's third-biggest insurer along with other Italian investors, Luciano Benetton said in a newspaper interview. Luciano is one of the four siblings who founded the Benetton industrial empire, which ranges from the eponymous clothing company to infrastructure group Atlantia and travel caterer Autogrill.
Today we'll look at Atlantia S.p.A. (BIT:ATL) and reflect on its potential as an investment. To be precise, we'll...
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of AB CONCESSOES S.A and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
How far off is Atlantia S.p.A. (BIT:ATL) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by estimating the company's future cash flows and discounting them to...
MILAN/ROME (Reuters) - Italian transport group Atlantia could join a rescue of loss-making flag carrier Alitalia to try to win favour with the government and secure the future of its own domestic business following a deadly bridge collapse last year, sources said. Atlantia, controlled by the Benetton family, faces the loss of its entire national motorway concession in a bitter dispute with the government, which erupted after last year's disaster on its toll network killed 43 people. The government blamed Atlantia for the tragedy, saying it had failed to adequately maintain the ageing bridge, and vowed to revoke the concession, worth 58 percent of group revenue.
Moody's Investors Service has today affirmed the Baa3 senior secured bank loan rating of Azzurra Aeroporti S.p.A. and changed the outlook to negative from stable. Concurrently, Moody's affirmed the Baa2 issuer rating of Aéroports de la Côte d'Azur (ACA), a subsidiary of Azzurra Aeroporti, and changed the outlook to negative from stable. The change in outlook to negative recognises the increased risks to the financial profile of the Azzurra Aeroporti group that stem from a proposed reduction in aeronautical tariffs applicable to ACA, announced by the Independent Supervisory Authority (ISA) on 5 April 2019.
Announcement: Moody's announces completion of a periodic review of ratings of Autostrade per l'Italia S.p.A. London, 29 March 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Autostrade per l'Italia S.p.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! The latest earnings update Atlantia S.p.A. (BIT:ATL) released in December 2018 suggested that the...
Around 30 parallel deals were signed on the sidelines of the visit to Rome by Chinese President Xi Jinping, including 10 with Italian companies and others with ministries and public bodies. Italian Deputy Prime Minister Luigi Di Maio said the deals were worth an initial 2.5 billion euros ($2.8 billion) but had a potential value of 20 billion. Italy's state lender Cassa Depositi e Prestiti (CDP) signed an agreement with Bank of China to let it sell "Panda" bonds - debt sold by foreign entities to investors in mainland China.
After taking over Spain's Abertis, Italian infrastructure group Atlantia is ready to sell assets to reduce debt and fund growth should the right opportunity come along, its top executives said on Thursday. The group reported a bigger than expected fall in its net profit last year due to charges linked to the collapse of a bridge operated by its motorway unit and higher costs. It cut its dividend and said net debt after the acquisition had jumped to nearly 38 billion euros (32.5 billion pounds), or 5.2 times its earnings before interest, tax, depreciation and amortisation (EBITDA) from 2.6 times at end-2017.
Edizione, the holding company of the Benetton family, has raised its stake in insurer Generali to around 4 percent and has an eye to lift this eventually to 5 percent, Il Sole 24 Ore reported on Saturday. Edizione holding, which is the controlling shareholder in travel caterer Autogrill and infrastructure group Atlantia, last year hiked its stake in Generali to just over 3 percent, saying it was a long-term investment. Il Sole 24 Ore said Edizione's board had given the green light to increase the holding to 5 percent, although this did not need to happen immediately.
The big shareholder groups in Atlantia S.p.A. (BIT:ATL) have power over the company. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies.Read More...