TF1
TFI
Real-time Euronext Paris - 07/20 05:35:00 pm
9.21EUR
+0.93%

A long term support level to be taken advantage of

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Jordan Dufee
Analyst

Strategy published on : 04/11/2018 | 10:51

long trade
Stop-loss triggered

Entry price : 10.5€
Target : 11.6€
Stop-loss : 10.1€
Potential : 10.48%

The decline over the past weeks has brought the price of TF1 shares back to an important technical support level at 10.2 EUR. This represents an opportunity to take advantage of these prices levels.
Investors have an opportunity to buy the stock and target the € 11.6.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● The share is getting closer to its long-term support in weekly data, at EUR 10.2, which offers good timing for buyers.

● Share prices are approaching a strong support area in daily data, which offers good timing for investors.

● The company is in a robust financial situation considering its net cash and margin position.

● Historically, the company has been releasing figures that are above expectations.

● As regards fundamentals, the enterprise value to sales ratio is at 0.86 for the current period. Therefore, the company is undervalued.

● This company will be of major interest to investors in search of a high dividend stock.

● Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.

● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.


Weaknesses

● According to Thomson-Reuters' forecast, revenue growth prospects are expected to be very low for the next fiscal years.

● Below the resistance at 11.82 EUR, the stock shows a negative configuration when looking looking at the weekly chart.

Zonebourse.com 2018
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