Vivendi SA (VIVHY) Downgraded to Hold at Zacks Investment Research
Zacks Investment Research lowered shares of Vivendi SA (NASDAQ:VIVHY) from a buy rating to a hold rating in a report released on Friday morning.
According to Zacks, “Vivendi SA is a France-based media and telecommunications company. The Company’s media business is comprised of Universal Music Group (UMG), Vivendi Games and the Canal+ Group. Its telecommunications business is comprised of SFR and Maroc Telecom. Universal Music Group (UMG) specializes in the publishing and distribution of music content. Vivendi Games develops, publishes and distributes multiplatform interactive entertainment. Canal+ Group is notably engaged in the production and distribution of pay-television in France. SFR is a mobile telecommunications operator and is also engaged in the fixed-line telecommunications market. Maroc Telecom is a telecommunications operator (mobile, fixed and Internet) in Morocco. The Company also holds stake in NBC Universal, which specializes in the development, production, and marketing of entertainment, news and information to a global audience. Vivendi SA is headquartered in Paris, France. “
Several other brokerages also recently issued reports on VIVHY. UBS AG raised shares of Vivendi SA from a neutral rating to a buy rating in a research note on Wednesday, September 13th. HSBC Holdings plc raised shares of Vivendi SA from a hold rating to a buy rating in a research note on Tuesday, September 19th. Finally, Barclays PLC raised shares of Vivendi SA from an underweight rating to an equal weight rating in a research note on Friday, September 1st.
Shares of Vivendi SA (NASDAQ:VIVHY) opened at 24.56 on Friday. The stock has a 50 day moving average price of $23.42 and a 200-day moving average price of $21.49. Vivendi SA has a 12 month low of $17.12 and a 12 month high of $25.36. The stock has a market cap of $30.65 billion and a P/E ratio of 54.94.
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Vivendi SA Company Profile
Vivendi SA is engaged in media and content businesses. The Company operates businesses throughout the media value chain, from talent discovery to the creation, production and distribution of content. Its segments include Universal Music Group, Canal+ Group, Gameloft, Vivendi Village, New Initiatives and Corporate.
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