Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Enel    ENEL   IT0003128367

ENEL (ENEL)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets
OFFRE

Vivendi CEO not worried about Elliott's move on Telecom Italia - paper

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/08/2018 | 08:10am CEST
Vivendi's CEO Arnaud de Puyfontaine gestures during 2018 Reuters Breakingviews Predictions event in Milan

MILAN (Reuters) - Activist fund Elliott's acquisition of a stake in Telecom Italia (TIM) is not a cause of concern for the phone group and its main shareholder Vivendi, the TIM Chairman and Vivendi CEO said on Thursday in a newspaper interview.

Arnaud de Puyfontaine told Italian daily Il Messaggero he did not see Elliott's move as an attack against Vivendi.

"By definition an activist fund's approach implies a degree of disagreement with the way a company is run but we don't know yet in detail what their intentions are," de Puyfontaine said.

When asked about Elliott's plan to ask for the TIM board to be changed and the business plan radically modified, he said the plan had been unanimously approved by the board.

"So we will be united in supporting it in the conviction it is the right one," he said.

Elliott said on Tuesday it had built an unspecified stake in TIM and was ready to replace some members of the board to improve strategy and governance.

De Puyfontaine also said he ruled out the idea of a merger with broadband rival Open Fiber but said TIM was open to cooperation.

On TIM's plans to spin off its fixed line network, he said the phone incumbent would continue to have a constructive dialogue with whatever Italian government took office following last Sunday's elections.

The Vivendi CEO also reiterated that finding an agreement with broadcaster Mediaset on a legal dispute over a failed pay-TV deal "would make a lot of sense".

(Reporting by Stephen Jewkes)

Stocks treated in this article : Vivendi, Enel, Telecom Italia, Mediaset
Stocks mentioned in the article
ChangeLast1st jan.
ENEL -0.77% 4.514 End-of-day quote.-11.33%
MEDIASET -0.19% 2.62 End-of-day quote.-18.73%
TELECOM ITALIA -0.67% 0.5676 End-of-day quote.-20.69%
VIVENDI 0.27% 21.9 Real-time Quote.-2.59%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ENEL
01:28pENEL : X signs agreement with Route220 for charging network interoperability
PU
09/18ENEL : Green Power starts construction of new 100 MW wind farm in Mexico
PU
09/18Enel confirms its global sustainability leadership with inclusion in Dow Jone..
AQ
09/18ENEL : Finance International issues 4 billion US dollar bond on US market
AQ
09/17ENEL : Green Power awarded support agreement for 34 MW of new solar capacity in ..
AQ
09/14ENEL : confirms its global sustainability leadership with inclusion in Dow Jones..
PU
09/13ENEL : Canadian Solar, FRV & Enel receive government support for Australian PV p..
AQ
09/11ENEL : Green Power awarded support agreement for 34 MW of new solar capacity in ..
PU
09/11ENEL : agreement on the sale of Slovenske Elektrarne to EPH updated
AQ
09/07ENEL : The European House - Ambrosetti study, electricity as the energy vector o..
PU
More news
News from SeekingAlpha
05/10ENEL Societa per Azioni ADR 2018 Q1 - Results - Earnings Call Slides 
2017Enel (ENLAY) Investor Presentation - Slideshow 
2017INNOGY SE : Buy On The Dips 
2017Unknown Dividend Gem Offering Low-Risk Exposure To 4 Of South America's Large.. 
2017SAFER DIVIDEND UTILITIES : 22.6% Net Gains Make NRG Yield Tops For May 
Financials (€)
Sales 2018 76 627 M
EBIT 2018 10 285 M
Net income 2018 4 142 M
Debt 2018 39 830 M
Yield 2018 6,22%
P/E ratio 2018 11,23
P/E ratio 2019 10,08
EV / Sales 2018 1,12x
EV / Sales 2019 1,10x
Capitalization 46 248 M
Chart ENEL
Duration : Period :
Enel Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ENEL
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 5,58 €
Spread / Average Target 23%
EPS Revisions
Managers
NameTitle
Francesco Starace Chief Executive Officer, Director & GM
Maria Patrizia Grieco Chairman
Alberto de Paoli Chief Financial Officer & Head-Administration
Angelo Taraborrelli Independent Director
Alberto Bianchi Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
ENEL-11.33%54 197
NEXTERA ENERGY INC11.04%81 993
CHINA YANGTZE POWER CO.1.60%50 388
INNOGY SE16.39%24 640
TENAGA NASIONAL BHD--.--%21 649
GD POWER DEVELOPMENT CO.-19.55%7 100