Vivendi: Invest Securities upgrades stock.
(CercleFinance.com) - Invest Securities has upgraded its rating on the Vivendi stock from "neutral" to "buy," and has raised its target price from 17.
2 euros to 21.4 euros, while, according to the financial daily newspaper Les Echos, its subsidiary Canal+ appears to have reached a distribution agreement with Orange.
"Orange will distribute the Canal+ Essentiel offer to its fiber subscribers. Canal will receive a guaranteed minimum of Orange, the amount of which has not been disclosed," says the analyst who monitors the entertainment group.
Initially, and based on a 600 million euros per year increase in revenues, the broker has reviewed its valuation for Canal+ from 3.6 billion euros to 6.2 billion euros. It has also increased its valuation of Universal Music Group from 11.4 billion euros to 14.4 billion euros.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
2 euros to 21.4 euros, while, according to the financial daily newspaper Les Echos, its subsidiary Canal+ appears to have reached a distribution agreement with Orange.
"Orange will distribute the Canal+ Essentiel offer to its fiber subscribers. Canal will receive a guaranteed minimum of Orange, the amount of which has not been disclosed," says the analyst who monitors the entertainment group.
Initially, and based on a 600 million euros per year increase in revenues, the broker has reviewed its valuation for Canal+ from 3.6 billion euros to 6.2 billion euros. It has also increased its valuation of Universal Music Group from 11.4 billion euros to 14.4 billion euros.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.