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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