Vivendi: UBS raises target price
(CercleFinance.com) - UBS confirms its buy rating on the Vivendi stock, raising its corresponding target price to 15.
4 euros (from E14.6 - cp: E9.8, -0.7%) after its 2022 results.
The analyst points out that the results of Canal+ and Havas are up y-o-y. This was mainly driven by the performance of Havas (+E424m), the growth of Canal+ Group (+E100m) and the very strong growth of Gameloft (+E56m).
"As FY22 results were better than expected, we raise the EPS and reiterate our Buy rating," said UBS.
Vivendi reported revenues of EUR9,595m for FY2022, up +5.1% LFL and y-o-y.
The bottom line was negative at -E1,010m, miles off a profit of 24,692 million euros in 2021.
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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.
4 euros (from E14.6 - cp: E9.8, -0.7%) after its 2022 results.
The analyst points out that the results of Canal+ and Havas are up y-o-y. This was mainly driven by the performance of Havas (+E424m), the growth of Canal+ Group (+E100m) and the very strong growth of Gameloft (+E56m).
"As FY22 results were better than expected, we raise the EPS and reiterate our Buy rating," said UBS.
Vivendi reported revenues of EUR9,595m for FY2022, up +5.1% LFL and y-o-y.
The bottom line was negative at -E1,010m, miles off a profit of 24,692 million euros in 2021.
Copyright (c) 2023 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.