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Canal+ ( (GB:CAN) ) has shared an update.
Canal+ has reached a settlement with the French tax authorities that ends a long-running dispute over the VAT rate applied to its television subscription services, committing to pay a total of €363 million under terms to be scheduled later. Following recent regulatory clarifications and joint work on the definition and operation of catch-up TV at Canal+, the agreement confirms that a reduced VAT rate applies to the group’s TV subscriptions, and the company does not expect significant further tax adjustments or the need for additional provisions, bringing greater visibility for investors and operational stability as it integrates MultiChoice and consolidates its global pay-TV position.
The most recent analyst rating on (GB:CAN) stock is a Hold with a £278.00 price target. To see the full list of analyst forecasts on Canal+ stock, see the GB:CAN Stock Forecast page.
Spark’s Take on GB:CAN Stock
According to Spark, TipRanks’ AI Analyst, GB:CAN is a Neutral.
Canal+’s overall score is driven by strong technical indicators and positive corporate events, particularly strategic acquisitions and capital management. However, financial performance is hindered by profitability issues and a negative P/E ratio, impacting the valuation score.
To see Spark’s full report on GB:CAN stock, click here.
More about Canal+
Canal+ is a global media and entertainment group that originated as a French subscription-TV channel and now operates across the entire audiovisual value chain, from production to broadcast, distribution and aggregation. Through assets such as STUDIOCANAL, video platform Dailymotion, Canal+ Distribution, and telecom operations GVA and Canal+ Telecom, as well as strategic stakes in Viaplay, Viu and cinema chain UGC, the company serves 40 million subscribers in over 70 countries and employs around 17,000 people, reinforced by its recent effective control of African pay-TV leader MultiChoice Group.
Average Trading Volume: 1,027,802
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.42B
For a thorough assessment of CAN stock, go to TipRanks’ Stock Analysis page.