Canal+ has received a Neutral rating from UBS after its debut on the London Stock Exchange, with a target price of 240p.

UBS acknowledges potential opportunities for Canal+ to significantly improve its free cash flow. However, concerns about the MultiChoice transaction have influenced UBS's cautious stance.

Canal+ has made a non-binding indicative offer to the MultiChoice Board of Directors, expressing its interest in acquiring all ordinary shares of MultiChoice that it does not already own. This move demonstrates Canal+'s ambitions in the audiovisual sector as it aims to expand its market presence.