Globally, an expected release with very solid results for UMG and Canal+ which have offset the expected poor performance of Havas in Q2. We maintain our opinion at Buy on the stock. Note, however, Vivendi is a stock whose price is quite stabilised for the moment by UMG’s value (70% of Vivendi’s assets) after Tencent entered its capital for a global value of €30bn.
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A correct release thanks to UMG and Canal+
- Published:
30 Jul 2020 -
Author:
Jean-Michel Salvador -
Pages:
3
Globally, an expected release with very solid results for UMG and Canal+ which have offset the expected poor performance of Havas in Q2. We maintain our opinion at Buy on the stock. Note, however, Vivendi is a stock whose price is quite stabilised for the moment by UMG’s value (70% of Vivendi’s assets) after Tencent entered its capital for a global value of €30bn.