Data as at  12 June 2019

Banca Akros
Emanuele Oggioni

"...We welcome the new communication strategy in order to grow in the free market......We expect a better performance starting from Q419, as the effect of the revised commercial strategy will take time to be effective".

11/06/2019
Comment
Accumulate
Mediobanca
Javier Suarez, Sara Piccinini

'"Acea presents new offer in supply business to grow in the free market".                                                                  

11/06/2019
Comment
Outperform
Main First Bank AG
Enrico Bartoli

...In our opinion, Acea represents a value creation story mainly based on investments opportunities in its regulated businesses (water and electricity distribution). ........ Even after the positive performance in the past months, the stock trades at attractive multiples both in absolute terms and relative to peers."              

11/06/2019
Comment
Outperform
Kepler Cheuvreux
Claudia Introvigne

'"Focus on consolidation".                                                                                                                                                                     

23/05/2019
Comment
Hold
Equita
Stefano Gamberini

'"Slightly better results, but with a worse contribution from the Energy sales area...."                                                       

16/05/2019
Comment
Buy
Fidentiis
Dario Michi

'"...Acea posted increasing results YoY. In our view, the results are already factored in the current market prices..."

16/05/2019
Comment
Hold
Intermonte
Federico Pezzetti

"We believe this plan not only fully confirms the strong progress achieved by management over the past 18 months - both from an industrial and financial viewpoint – but also shows the clear intention to accelerate investments further with a focus on regulated businesses and innovation....."

03/04/2019
Comment
Neutral
Banca IMI Gruppo Intesa San Paolo

  

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                

09/10/2018
Comment
Suspension of equity research coverage