New Street Research - Vodafone: Not yet the time to upgrade

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New Street Research

James Ratzer

EUR 1173.90 For Business Accounts Only

Vodafone: Not yet the time to upgrade

We have seen heightened investor interest in Vodafone recently. It is the largest European telecoms free-float; its shares are trading at multi-year lows; it has underperformed the European telecoms sector by 14% this year; there has been rumoured activist interest; it announced a good deal in Germany; there is a new CEO starting on 1st October; and c. 2/3 of analysts have the stock on a Buy.

29/08/2018 21 EN

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New Street Research

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

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Pan European Telecom Services and Cable

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Analysts

James Ratzer

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Vodafone: Not yet the time to upgrade

Apple 2FQ25: minimal tariff impact, weak iPhone, Intelligence debacle. Neutral, $215 TP

The Cost of the Deal: What Does the Skydance/Paramount Situation Tell Us About the Trump Transaction Tax?

CCI Model Update & Starting Valuation

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