Vivendi (OTCMKTS:VIVHY) Sets New 1-Year Low - Time to Sell?

Key Points

• Vivendi's stock hit a new 52-week low, trading as low as $1.87 and last at $1.895 on a volume of 43,045 shares.
• Analysts remain cautious: Kepler Capital Markets reiterated a Hold rating and the average consensus from two analysts is Hold.
• The share price is trading well below its 50-day ($2.51) and 200-day ($2.93) simple moving averages, indicating a continued downward trend.

Vivendi SA (OTCMKTS:VIVHY - Get Free Report)'s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $1.87 and last traded at $1.8950, with a volume of 43045 shares changing hands. The stock had previously closed at $1.92.

Analysts Set New Price Targets

Separately, Kepler Capital Markets reiterated a "hold" rating on shares of Vivendi in a research note on Monday, December 1st. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold".

Vivendi Stock Performance

The stock's 50 day simple moving average is $2.51 and its two-hundred day simple moving average is $2.93.

Vivendi Company Profile

Vivendi is a French multinational conglomerate headquartered in Paris, primarily active in the media, entertainment and communications sectors. The company's diversified portfolio encompasses music, television, film, video games and advertising, reflecting its evolution from a water utility to a global content powerhouse. Vivendi operates through major subsidiaries and associated businesses, positioning itself as a key player in the creation, distribution and promotion of creative content around the world.

In the music industry, Vivendi holds a significant stake in Universal Music Group, one of the world's leading music enterprises.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.