Vodafone Group PLC

Vodafone Group provides mobile and fixed telecommunication services including: access charges, voice and video calls, messaging, interconnect fees, fixed and mobile broadband and related services such as providing televisual and music content, connection fees and equipment sales. Co. provides a range of consumer products and services including mobile, fixed voice, broadband and television, financial as well as other services to operators outside its footprint. Co. also provides a range of enterprise products and services including total communications such as mobile, fixed and a suite of converged communications services, internet of things, cloud and hosting and carrier services.
  • TickerVOD
  • ISINGB00BH4HKS39
  • ExchangeLondon Stock Exchange
  • SectorMobile Telecommunications
  • CountryUnited Kingdom

Analysts

Philip Morrish

Value Indicator - UK Utilities 30122019

Currently '(TM) Value Indicator - UK Utilities Sector' is a value analysis of the Telecoms & Utilities sectors of quoted companies on The London Stock Exchange's Main market that provides the user with indicative long-term target prices. The publication is also available on request at

Philip Morrish

Value Indicator - UK Main Market 30122019

Currently '(TM) Value Indicator - Main Market' is a value analysis of the Basic Resources, Construction & Materials, Telcoms and Utilities sectors of quoted companies on The London Stock Exchange's Main market that provides the user with indicative long-term trading indicators and indicative target prices. The publication is also available on request at

Philip Morrish

Value Indicator - UK Utilities 23122019

Currently '(TM)Value Indicator - UK utilities' is a value analysis of hte Telecoms and Utilities sectors of quoed companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 23122019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term tagrte prices.

Alastair Jones

New Street South Africa telcos: 2020 outlook - expect pressure on Vodacom numbers

We head into 2020 with divergent recommendations: Buy MTN, sell Vodacom. For Vodacom, despite near-term improvement in revenues, these will unwind in H220 and the underlying EBITDA pressure will become more evident. Consensus EBITDA numbers are still at risk and the stock is trading at an 11% premium to its lows, despite continued headwinds.

Vodafone Group Plc - September 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 13/11/2019 - Heimstaden Bostad - EN

Heimstaden Bostad (Conserver) : Nouvelle émission hybride ABN Amro (Achat) - 9M-19 : RN de €1,7 md (-14%) Casino (Achat souches courtes, Conserver souches longues) : ~€784m apportés aux offres de rachats Saint-Gobain (Achat) : Accord pour l’acquisition de Continental Building Products pour une valeur d’entreprise de $1,4 md Continental (Achat) - 9M-19 : EBITDA de €4,0 mds (-13,9%) Gestamp (Achat) - 9M-19 : EBITDA de €755m (+10,8%) Prysmian (Vente) - 9M-19 : EBITDA pro-forma de €773m (+18,8%) Enel (Achat) : Relève ses objectifs po...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 13/11/2019 - Heimstaden Bostad - Fr

Heimstaden Bostad (Conserver) : Nouvelle émission hybride ABN Amro (Achat) - 9M-19 : RN de €1,7 md (-14%) Casino (Achat souches courtes, Conserver souches longues) : ~€784m apportés aux offres de rachats Saint-Gobain (Achat) : Accord pour l’acquisition de Continental Building Products pour une valeur d’entreprise de $1,4 md Continental (Achat) - 9M-19 : EBITDA de €4,0 mds (-13,9%) Gestamp (Achat) - 9M-19 : EBITDA de €755m (+10,8%) Prysmian (Vente) - 9M-19 : EBITDA pro-forma de €773m (+18,8%) Enel (Achat) : Relève ses objectifs po...

Vodafone Group Plc - March 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Vodafone Group Plc: Update to credit analysis

Our credit view of Vodafone, reflecting its size and geographical diversification, as well as its high leverage following the acquisition of certain Liberty Global assets.

Alastair Jones

New Street South Africa telcos: 2020 outlook - expect pressure on Vodacom numbers

We head into 2020 with divergent recommendations: Buy MTN, sell Vodacom. For Vodacom, despite near-term improvement in revenues, these will unwind in H220 and the underlying EBITDA pressure will become more evident. Consensus EBITDA numbers are still at risk and the stock is trading at an 11% premium to its lows, despite continued headwinds.

Alastair Jones

New Street South Africa telcos: 2020 outlook - expect pressure on Vodacom numbers

We head into 2020 with divergent recommendations: Buy MTN, sell Vodacom. For Vodacom, despite near-term improvement in revenues, these will unwind in H220 and the underlying EBITDA pressure will become more evident. Consensus EBITDA numbers are still at risk and the stock is trading at an 11% premium to its lows, despite continued headwinds.

Alastair Jones

New Street: South Africa telcos: Estimating exposure to CompCom ruling

Following the aggressive CompCom report earlier this week, we have done further work to estimate the revenue and profits at risk from the recommendations for both MTN and Vodacom.

Alastair Jones

New Street: South Africa telcos: Estimating exposure to CompCom ruling

Following the aggressive CompCom report earlier this week, we have done further work to estimate the revenue and profits at risk from the recommendations for both MTN and Vodacom.

Alastair Jones

New Street: SA telcos: Authorities upping the ante. Vodacom (Reduce) exposed

The regulator in SA and the Competition Commission have separately published documents summarising its review of mobile data pricing. The conclusions are very similar to our view.

1 director bought

A director at Vodafone Group bought 229,048 shares at 153p and the significance rating of the trade was 91/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board m...

Global TMT: US Cable & Wireless, VOD, ERIC, Hong Kong, Naspers

Global TMT: US Cable & Wireless, VOD, ERIC, Hong Kong, Naspers Chris Hoare 0 chris @newstreetresearch.com

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • Georges Dieng
  • Olfa Taamallah
  • Rémi Adam
  • Stephane Houri
  • Veysel Taze
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/25/2019

On 30 January, Atos is to host a CMD at which we expect management to adopt an upbeat stance on targets for growth, margins and FCF to beat expectations which have been very low since October 2018. The levers to achieve these targets are credible, in our view. Cf. report published today. - ...

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • Georges Dieng
  • Olfa Taamallah
  • Rémi Adam
  • Stephane Houri
  • Veysel Taze
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 25/01/2019

Le 30 janvier, le management d’Atos devrait mener un CMD offensif et proposer des objectifs de croissance, de marge et de FCF supérieurs aux attentes, qui ont bien baissé depuis octobre dernier. Et les leviers à actionner nous semblent crédibles. Cf. étude publiée ce jour. - ...

Soomit Datta

Global TMT: China, ASML, INTEL, LILA/MIC, SBAC, VOD/TEF UK, New Oriental

Global TMT: China, ASML, INTEL, LILA/MIC, SBAC, VOD/TEF UK, New Oriental For further details, please contact Soomit Datta on 8 or email , or Charlie Gaynor 1 or email {MSG CHARLIE GAYNOR }

Global TMT: C-Band, TEF, TPG-VHA, Thai 700Mhz, VEON, Tef Brasil US/China Trade Impact

Global TMT headlines: C-Band Update: Reply Comments Filed; Gaps Still Remain; AT&T Makes A New Proposal. Telefonica (Buy) - rumours on Elliott interest. ACCC raises competition issues with TPG-VHA merger. Thai 700Mhz auction price set. VEON (Buy) confirms acting CEO will become permanent CEO. CLIENT CALL: US/CHINA TRADE NEGOTIATIONS OVERVIEW.

Philip Morrish

Value Indicator - UK Utilities 30122019

Currently '(TM) Value Indicator - UK Utilities Sector' is a value analysis of the Telecoms & Utilities sectors of quoted companies on The London Stock Exchange's Main market that provides the user with indicative long-term target prices. The publication is also available on request at

Philip Morrish

Value Indicator - UK Main Market 30122019

Currently '(TM) Value Indicator - Main Market' is a value analysis of the Basic Resources, Construction & Materials, Telcoms and Utilities sectors of quoted companies on The London Stock Exchange's Main market that provides the user with indicative long-term trading indicators and indicative target prices. The publication is also available on request at

Philip Morrish

Value Indicator - UK Utilities 23122019

Currently '(TM)Value Indicator - UK utilities' is a value analysis of hte Telecoms and Utilities sectors of quoed companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 23122019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term tagrte prices.

Philip Morrish

Value Indicator - UK Utilities 09122019

Currently '(TM)Value Indicator - UK utilities' is a value analysis of the Telecoms and Utilities sectors of quoed companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

MarketLine Department

Telecom Egypt Company - Strategy, SWOT and Corporate Finance Report

Summary Telecom Egypt Company - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Scope - Detailed information on Telecom Egypt Company required for business and competitor intelligence needs - A study of the major internal and external factors affecting Telecom Egypt Company in the form of a SWOT analysis - An in-depth view of the business model of Telecom Egypt Company includi...

MarketLine Department

Telefonica, S.A. - Strategy, SWOT and Corporate Finance Report

Summary Telefonica, S.A. - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Telefonica, S.A. (Telefonica or ‘the company’) is a communication services provider offering mobile and fixed communication services, including wireline, wireless, digital subscriber line (DSL), television (TV), and other digital services. The company operates primarily in Spain, Germany, th...

MarketLine Department

BT Group plc - Strategy, SWOT and Corporate Finance Report

Summary BT Group plc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights BT Group plc (BT or ‘the company’) is a communications company that provides fixed-line services, broadband, mobile and television (TV) products and services as well as networked information technology (IT) services and cyber security protection. BT offers services such as fixed voice and data, ...

MarketLine Department

Telstra Corporation Limited - Strategy, SWOT and Corporate Finance Report

Summary Telstra Corporation Limited - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Telstra Corporation Limited (Telstra or the company) is a provider of telecommunications and information services to consumers including, individuals, small business, enterprises and government organizations. Its offering include pre-paid mobiles, NBN network, Pay TV, movies and m...

MarketLine Department

Emirates Integrated Telecommunications Company PJSC - Strategy, SWOT and Corporate Finance Report

Summary Emirates Integrated Telecommunications Company PJSC - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Emirates Integrated Telecommunications Company PJSC (EITC) is an integrated telecommunication service provider. The company offers a wide range of fixed and mobile telephony, internet protocol television (IPTV) services and broadband connectivity for indivi...

Expert Corporate Governance Service (ECGS)

Vodafone Group, 23 July 2019

Leadership changes Vittorio Colao was succeeded by Nick Read who was appointed Chief Executive Designate on 27 July 2018 and became Chief Executive on 1 October 2018. Margherita Della Valle joined the Board as Chief Financial Officer on 27 July 2018. Item 15: Advisory vote on the Remuneration ReportThe structure is unsatisfactory. The maximum bonus and total incentive pay exceed guidelines. The quantum for the year was excessive. Pay weighted more towards rewarding long-term performance, but there are overlapping performance conditions as free cash flow was used for both the STI and LTI. A b...

Vodafone – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Vodafone Group PLC - Proxy report - 27/07/2018

Leadership Changes The current CEO, Vittorio Colao, has resigned, though he will continue with the Companyuntil September 30, 2018. On October first, Nick Read, current Chief Financial Officer,will assume the role of CEO while Margherita Della Valle, currently Deputy Chief Financial Officer, will suceed Mr. Read as CFO. Item 15: Approve the Remuneration Report The structure is weighted more towards rewarding long-term performance. However,both potential and actual incentive pay was excessive. Furthermore, there are overlapping performance conditions as FCF was used for both the STI and LTI.

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Bullish Stocks

EAFE > EM; Add exposure to Japan Continue to favor EAFE over EM. As long as the U.S. dollar remains elevated, we believe developed international (EAFE) will remain in a leadership position relative to EM (MSCI EM). Below we highlight attractive and actionable themes within developed int'l: • Japan, Switzerland, Australia, Canada. Major Japanese indexes have been underperforming for nearly two years but are making bullish price and RS inflections and exhibit early signs of bottoming. Switzerland, Australia, and Canada are all trading at multi-year highs and are among the most attractive coun...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Buoyed by outperformance in the US, the MSCI ACWI is the only broad global index that has yet to make a lower low relative to the lows set in June. This deterioration for ACWI ex-US, EAFE, and EM, continued bearish-leaning indicators, and continued downside volatility in bond yields leads us to remain cautious and concerned that global equities remain vulnerable and could be poised for additional weakness moving forward. • Additional bearish-leaning developments. In addition to the concerns we have highlighted over the past several weeks, new negative developments continue to plague the glob...

Jérôme VINERIER

Analyse court terme - VODAFONE : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 143,30 p. La tendance de fond serait remise en cause en cas de franchissement de 171,80 p.

Jérôme VINERIER

Short term view - VODAFONE : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at 143.30 p. The background trend would be questioned should prices rise above 171.80 p.

Jérôme VINERIER

Analyse court terme - VODAFONE : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 143,30 p, puis 130,43 p. Le franchissement de 171,80 p remettrait en cause la suite de la baisse.

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