Vivendi: to broadcast Ligue 1 again - BOFA GR says 'buy'
(CercleFinance.com) - On Tuesday an analyst at Bank of America Global Research confirms a "buy" recommendation on the Vivendi share, saying that the renewed broadcast of French Ligue 1 football matches on Canal+ over the period 2020/2024 is a positive sign for the group.
The broker believes that the recovery of broadcasting rights for the French football league will enable the channel to broadcast a solid range of programmes, appealing to many viewers. This news indeed reassures investors, who "had expressed doubts about the survival of Canal + after the loss of rights last year".
Several investors expressed doubts on Canal+ survival chances after it lost rights last year. We calculate the market
BofA Global Research confirms its target price of 34 euros for the share (about 38% upside).
Copyright (c) 2019 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.
The broker believes that the recovery of broadcasting rights for the French football league will enable the channel to broadcast a solid range of programmes, appealing to many viewers. This news indeed reassures investors, who "had expressed doubts about the survival of Canal + after the loss of rights last year".
Several investors expressed doubts on Canal+ survival chances after it lost rights last year. We calculate the market
BofA Global Research confirms its target price of 34 euros for the share (about 38% upside).
Copyright (c) 2019 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.