Vodafone shares off more than 4 percent and drop totheir lowest since announcement of the $130 billion Wirelessdeal with Verizon in September last year.
** Company reports 6.6 billion pound dent to 2014 resultsfrom writing down value of European ops. [ID;nL6N0O619R]
** Competition, capex and price cuts continue to weigh.
** Free cash flow yield remains under pressure while EBITDAoutlook weak. http://link.reuters.com/kuw49v
** Business in Germany, Italy and other European markets hithard. Revenue breakdown: http://link.reuters.com/suw49v
** Analysts, on average, remain optimistic but more sittingon the fence vs two months ago. 14 "buys", 13 "holds" and just 2"sells", according to StarMine. (RM: vikram.subhedar.thomsonreuters.com@reuters.net)