Abertis, Anheuser-Busch, Teleperformance, Vinci: European Equity Preview
The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses and are from the last close.
The Stoxx Europe 600 Index fell 2.9 percent to 252.96. The Stoxx 50 Index declined 3 percent to 2,466.69. The Euro Stoxx 50 Index, a benchmark for nations using the euro, dropped 3.9 percent to 2,708.12.
Abertis Infraestructuras SA (ABE SM): The toll road operator will trade for the first time without the right to a 30 euro cent gross dividend. The shares fell 4.1 percent to 12.79 euros.
Alstom SA (ALO FP): The world’s third-largest maker of power equipment was raised to “buy” from “hold” by analyst Rossen Koev at Independent Research GmbH, with a target price of 53 euros a share. Alstom shares fell 4.3 percent to 42.38 euros.
Anheuser-Busch InBev NV (ABI BB): The world’s largest brewer may say first-quarter net income rose to $834.4 million, the average of eight analyst estimates compiled by Bloomberg, from $716 million a year earlier. AB InBev retreated 1.9 percent to 36.10 euros.
Ebro Puleva SA (EVA SM): Damm SA, a Spanish brewer, increased its stake in the food processing company to 8.61 percent from 8.45 percent, according to a regulatory filing. The shares fell 1.8 percent to 13.85 euros.
Teleperformance (RCF FP): The world’s largest operator of call centers said first-quarter sales rose 1.2 percent to 452.4 million euros. The shares declined 3.6 percent to 25.54 euros.
Vinci SA (DG FP): The world’s biggest builder repeated its forecast for full-year revenue to climb this year after first- quarter sales fell 6.8 percent to 6.59 billion euros. The shares fell 4 percent to 40.29 euros.