New Street: Vodafone (Buy, 160p, +74%) Was 170p Why our estimates are now ahead of consensus
Vodafone has had a rough ride recently as new energy, revenue and dividend concerns dominate thinking. We have reworked our model and we now think consensus has pulled back too far. Despite good terms achieved in selling down Vantage, the market hasn’t really warmed to the M&A potential in Vodafone (which is still there) and therefore we now believe delivering on better estimates will be needed to turn around sentiment and the share price performance.
Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.
New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
- Japan Telecoms
- Asian Internet
- Pan European Healthcare
- Global healthcare thematic research
We provide debt research on:
- Pan European Telecom Services and Cable
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.