Vivendi SA (NASDAQ:VIVHY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday. The firm currently has a $28.00 target price on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 13.22% from the company’s previous close.

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. “

Other equities research analysts also recently issued research reports about the company. HSBC Holdings plc raised Vivendi SA from a “hold” rating to a “buy” rating in a report on Tuesday, September 19th. UBS AG raised Vivendi SA from a “neutral” rating to a “buy” rating in a report on Wednesday, September 13th. Finally, Barclays PLC raised Vivendi SA from an “underweight” rating to an “equal weight” rating in a report on Friday, September 1st.

Shares of Vivendi SA (NASDAQ VIVHY) opened at 24.73 on Friday. The company has a market cap of $30.86 billion and a price-to-earnings ratio of 55.32. Vivendi SA has a 12-month low of $17.12 and a 12-month high of $25.36. The stock has a 50 day moving average of $23.42 and a 200 day moving average of $21.49.

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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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