After having been stuck in a trading range, shares in Vivendi are returning to the lower bound of the range phase. This appears to be a good opportunity for opening new positions. Investors have an opportunity to buy the stock and target the € 22.
Summary
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
Strengths
Analysts covering this company mostly recommend stock overweighting or purchase.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Weaknesses
For the last few months, analysts have been revising downwards their earnings forecast.
The technical configuration over the long term remains negative on the weekly chart below the resistance level at 21.64 EUR
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