Accueil > Actualité
Actualite financiere : Actualite bourse

Vivendi: Deutsche Bank optimistic ahead of Q3

( - Deutsche Bank has confirmed its buy rating on the Vivendi share this morning, along with its target price of 37 euros, suggesting upside potential of 50%.

The broker's comments point out the "spectacular" performances - close to those of Drake and Eminem, last year - of two singers who have deals with Universal Music Group (UMG) - Taylor Swift and Post Malone. Although it has slowed down, UMG's sales growth, which is Vivendi's main profit centre, is expected to remain above 10% in Q3, excluding FX factors. In addition, analysts believe that Canal+ sales will return to growth in Q3, for the first time in four years.

"Vivendi remains the most compelling large cap stock in European Media & Online, in our view," the broker concludes.

Copyright (c) 2019 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.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.