Vivendi: Invest Securities upgrades to 'buy'
(CercleFinance.com) - (CercleFinance.
com) -Invest Securities hails Vivendi's interim results in its own way, by upgrading its rating on the stock to “buy” (vs. "neutral" previously).
Mentioning "positive movements," analysts have raised their target price for the share from 22.5 euros to 25.3 euros.
According to a research note, H1 2018 results are better than expected, especially in terms of EBITA, as the group's three main divisions (UMG, Canal+ and Havas) are outperforming expectations.
In addition, Invest Securities also points out that Vivendi has made two important announcements: the desire to sell up to 50% of UMG to strategic partners, which will enable it to realise the value of this asset, while the group has made the accretive acquisition of Editis, which perfectly fits into Vivendi's strategy of creating an integrated content and media group.
Copyright (c) 2018 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.
com) -Invest Securities hails Vivendi's interim results in its own way, by upgrading its rating on the stock to “buy” (vs. "neutral" previously).
Mentioning "positive movements," analysts have raised their target price for the share from 22.5 euros to 25.3 euros.
According to a research note, H1 2018 results are better than expected, especially in terms of EBITA, as the group's three main divisions (UMG, Canal+ and Havas) are outperforming expectations.
In addition, Invest Securities also points out that Vivendi has made two important announcements: the desire to sell up to 50% of UMG to strategic partners, which will enable it to realise the value of this asset, while the group has made the accretive acquisition of Editis, which perfectly fits into Vivendi's strategy of creating an integrated content and media group.
Copyright (c) 2018 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.