Madrid, June 24 (EFECOM).- The construction company ACS is the value that rises the most on the Spanish selective, IBEX 35, close to 3%, after raising the price of the investment banking and capital markets services company, Jefferies. the construction company’s target of up to 40.50 euros from 36.80 and has reiterated its advice to “maintain”.
At 11:30 a.m., ACS shares stand at 40.72 euros after rising 2.67%.
So far this year, the construction company has earned 1.34%.
At this time, the IBEX 35 rises 0.51% and is approaching 11,100 points, specifically it stands at 11,088.6 points.
According to the Jefferies report, it sees greater exposure to reinvestment risk in concessions compared to Hochtief, and cash flow headwinds, due to reduced contractual risks at Dragados, which weighs on ex cash flows. Hochtief for longer.
Likewise, it is highlighted that ACS balances an attractive exposure to the growing demand for the construction of advanced technology infrastructure, with more uncertain returns through its concession portfolio, in which they see “risk of deterioration in profitability.”
In the long term, they believe that ACS could offer an attractive option with stable returns from the infrastructure. EFECOM
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