Vivendi: Barclays upgrades stock
(CercleFinance.com) - Barclays has upgraded Vivendi shares from "equal weight" to "overweight", adding a whisker to its target price from E11.
5 to E11.6, notably highlighting a cheap valuation for the French communications and entertainment group.
In its summary, the broker also mentions three catalysts for the dossier; i.e. the current auction for League 1 broadcasting rights, a potential agreement concerning Telecom Italia and the December put option on Lagardère.
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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.
5 to E11.6, notably highlighting a cheap valuation for the French communications and entertainment group.
In its summary, the broker also mentions three catalysts for the dossier; i.e. the current auction for League 1 broadcasting rights, a potential agreement concerning Telecom Italia and the December put option on Lagardère.
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.