Vodafone : Two re-rating options have disappeared; downgrade to Neutral
>New estimates and target price lowered - We lower our estimates due to the sale of Vodafone Spain, the ongoing client losses (Italy, Germany) and forex changes (Turkey). We have lowered our target price from 85p to 75p based on our new estimates and eliminating or reducing our scenarios 1/ by 20% for the probability of an acquisition of Vodafone by Emirates Telecom (3p per share in our previous SOP) and 2/ by 75% for the chance of significant synergies in a merger wi...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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.