Een recent bericht over Vivendi: 10 mrt 2020
Vivendi: Oddo BHF says has limited exposure to coronavirus
(CercleFinance.com) - Given its low exposure to the coronavirus, Vivendi has a defensive profile. This could indeed appeal to certain investors that seek security during the current stockmarket crisis, analysts Oddo BHF analysts said on Tuesday.
In the near term, the risk of a slowdown at the media and entertainment group due to the coronavirus is limited, the broker says, which stresses that both UMG and Canal+ present resilient business models that are largely based on subscriptions.
Oddo nonetheless argues that its opinion does not yet include the scenario of a possible economic crisis that would likely affect all of the group's activities to a greater extent.
However, it prefers to maintain its 'neutral' rating on the share, given the lack of visibility in current markets, cutting its corresponding target price to 24 euros, against 26.4 euros previously, after updating its estimates.
The Vivendi share is currently up 4.6% on the Paris Stock Exchange.