|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||34.05 - 34.77|
|52 Week Range||28.69 - 42.70|
|Beta (5Y Monthly)||0.92|
|PE Ratio (TTM)||28.29|
|Forward Dividend & Yield||0.72 (2.07%)|
|Ex-Dividend Date||Oct 29, 2021|
|1y Target Est||46.00|
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Telecom Italia's (TIM) top investor Vivendi is committed to supporting Italy's biggest telecoms group despite its disappointing financial results, a source close to the French media group said on Wednesday. The comments came after TIM posted a decline in revenues and core profits for the third quarter. The source said that, while it acknowledged that the trends in TIM's results were not in line with expectations, Vivendi was prepared to help TIM achieve its goals.
French media group Vivendi, which spun-off Universal Music Group last month, said on Thursday third-quarter sales rose by 10% from a year earlier, driven by strong growth at its pay-TV unit Canal Plus. Sales at Canal Plus, now Vivendi's biggest business unit, rose 6.5%, boosted by its international activities and a 35% jump in revenue from Studiocanal, which produces and distributes Canal Plus movies, as cinemas reopened. With a market value of about 12 billion euros, Vivendi is worth a little more than a third of its value before the spin-off of Universal, its most-prized asset.
PARIS, October 21, 2021--Regulatory News: Vivendi (Paris:VIV):