Zacks Investment Research Upgrades Vivendi (OTCMKTS:VIVHY) to “Hold”
Zacks Investment Research upgraded shares of Vivendi (OTCMKTS:VIVHY) from a sell rating to a hold rating in a research note published on Tuesday, May 29th.
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. “
A number of other brokerages have also weighed in on VIVHY. ValuEngine lowered shares of Vivendi from a buy rating to a hold rating in a report on Thursday, May 17th. Deutsche Bank reaffirmed a buy rating on shares of Vivendi in a report on Friday, May 4th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $28.00.
Vivendi SA engages in the provision of media and telecommunications services. The company was founded on December 17, 1987 and is headquartered in Paris, France.
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