Asseco, CEZ, Millennium, Tauron: Central European Equity Preview
The following is a list of companies whose shares may undergo unusual price changes in central European markets. Stock symbols are in parentheses after company names. Share prices are from the last close.
Asseco Poland SA (ACP) : Full-year net income at the Polish company that’s central Europe’s largest software maker dropped to 397.1 million zloty ($127 million) from 414.3 million zloty in 2010. That compares with the 381.9 million-zloty mean estimate of six analysts surveyed by Bloomberg. Asseco gained 4.8 percent to 52.4 zloty.
Bank Millennium SA (MIL) : The Polish lender controlled by Banco Comercial Portugues SA (BCP) was upgraded to overweight from neutral at JPMorgan Chase&Co. Millennium declined 3 percent to 4.46 zloty.
CEZ AS (CEZ) : The Czech Republic’s largest utility was cut to neutral at Bank of America Corp. CEZ climbed 0.1 percent to 801 koruna.
Cyfrowy Polsat SA (CPS) : Poland’s biggest television group was rated new buy at UBS AG. The shares fell 1.4 percent to 14.1 zloty.
Tauron Polska Energia SA (TPE) : Full-year net income at Poland’s second-largest power utility rose to 1.22 billion zloty from 858.7 million zloty a year earlier. That compares with the 1.23 billion-zloty mean estimate of eight analysts’ surveyed by Bloomberg. Tauron jumped 3.7 percent to 5.3 zloty.
Telekomunikacja Polska SA (TPS) : Poland’s biggest phone company was raised to neutral from underweight at HSBC Holdings Plc. TPSA, as the company as known, lost 0.9 percent to 16.86 zloty.
TVN SA (TVN) : Poland’s second-largest television group was rated new neutral at UBS AG. TVN retreated 0.3 percent to 10.91 zloty.
To contact the reporter on this story: Piotr Bujnicki in Warsaw email@example.com
To contact the editor responsible for this story: Gavin Serkin at firstname.lastname@example.org
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.