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Canal+ ( (GB:CAN) ) just unveiled an update.
CANAL+ has renewed its exclusive broadcasting rights for UEFA club competitions in France until 2031, covering the UEFA Champions League, UEFA Europa League, and UEFA Conference League. This renewal solidifies CANAL+’s position as a leading broadcaster of European football, enhancing its sports offerings alongside other major sports rights like the Premier League and Formula 1. The extension reflects CANAL+’s commitment to providing top-tier sports content to its subscribers, further strengthening its market position and offering a comprehensive viewing experience.
The most recent analyst rating on (GB:CAN) stock is a Hold with a £242.00 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.
The overall stock score is primarily influenced by Canal+’s financial performance, which shows revenue growth but is hindered by profitability issues and negative free cash flow growth. Technical analysis indicates a lack of strong momentum, and valuation metrics are weak due to a negative P/E ratio and low dividend yield.
To see Spark’s full report on GB:CAN stock, click here.
More about Canal+
Founded as a French subscription-TV channel 40 years ago, CANAL+ has evolved into a global media and entertainment company. It operates across the entire audio-visual value chain, including production, broadcast, distribution, and aggregation. The company has significant operations worldwide, including the recent integration of MultiChoice Group, Africa’s leading entertainment platform. CANAL+ is also involved in film and television production through STUDIOCANAL, and owns Dailymotion, a major international video platform.
Average Trading Volume: 875,503
Technical Sentiment Signal: Hold
Current Market Cap: £2.24B
See more data about CAN stock on TipRanks’ Stock Analysis page.