Vivendi SA (VIVHY) Downgraded by Zacks Investment Research
Zacks Investment Research cut shares of Vivendi SA (OTCMKTS:VIVHY) from a hold rating to a sell rating in a research note published on Wednesday 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 research analysts have also recently issued reports on the company. J P Morgan Chase & Co raised Vivendi SA to a buy rating in a research report on Monday, November 13th. Barclays PLC raised Vivendi SA from an underweight rating to an equal weight rating in a research report on Friday, September 1st. UBS AG raised Vivendi SA from a neutral rating to a buy rating in a research report on Wednesday, September 13th. Finally, raised Vivendi SA from a hold rating to a buy rating in a research report on Tuesday, September 19th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $28.00.
About Vivendi SA
Vivendi SA is a France-based company engaged in media and content businesses. It operates businesses throughout the media value chain, from talent discovery to the creation, production and distribution of content. It operates through several segments. Its Universal Music Group segment is engaged in the sale of recorded music, exploitation of music publishing rights, as well as artist services and merchandising.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for Vivendi SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vivendi SA and related stocks with our FREE daily email newsletter.