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Carnival ( (GB:CCL) ) has provided an announcement.
Carnival Corporation & plc announced the redemption of its existing $993 million 7.625% senior unsecured notes due 2026 and the launch of a new $1.0 billion senior unsecured notes offering expected to mature in 2031. This strategic move aims to reduce interest expenses and manage future debt maturities, potentially strengthening the company’s financial position and providing stability in the cruise industry.
The most recent analyst rating on (GB:CCL) stock is a Hold with a £1650.00 price target. To see the full list of analyst forecasts on Carnival stock, see the GB:CCL Stock Forecast page.
Spark’s Take on GB:CCL Stock
According to Spark, TipRanks’ AI Analyst, GB:CCL is a Neutral.
Carnival’s stock score is bolstered by strong financial recovery and a positive outlook from the latest earnings call. The company’s ability to generate cash flow and manage debt is a significant strength, although high leverage remains a concern. Technical indicators suggest caution due to bearish trends, but favorable valuation metrics provide balance.
To see Spark’s full report on GB:CCL stock, click here.
More about Carnival
Carnival Corporation & plc is the largest global cruise company and one of the largest leisure travel companies, featuring a portfolio of world-class cruise lines such as AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises, Princess Cruises, and Seabourn.
Average Trading Volume: 749,839
Technical Sentiment Signal: Sell
Current Market Cap: £19.71B
See more insights into CCL stock on TipRanks’ Stock Analysis page.