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Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

London Stock Exchange
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Share Price: 71.30
Bid: 71.26
Ask: 71.30
Change: -0.98 (-1.36%)
Spread: 0.04 (0.056%)
Open: 72.12
High: 72.34
Low: 71.14
Prev. Close: 72.28
VOD Live PriceLast checked at -

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Sector movers: Telecoms fall as Vodafone hit by downgrade

Mon, 04th Feb 2013 14:24

Telecoms stocks were out of favour on Monday, with the sector being dragged lower by mobile phone giant Vodafone after the stock was hit by a downgrade from Citigroup.Shares in Vodafone rose 11.4% in January alone on rumours that the company could dispose of its stake in its Verizon joint venture (JV), Verizon Wireless.However, shares were taken down a peg on Monday after Citi cut its rating for the stock from 'buy' to 'neutral'.Analyst Simon Weeden said: "Addressing shortcomings in Vodafone's convergence offering may require M&A in both consumer and business, in our view." However he said that potential targets are limited.Citi left its 180p target price for Vodafone's shares unchanged.Opinions from other brokers on Vodafone were mixed today: Societe Generale maintained its 'sell' rating and 100p target price for the stock; while UBS reiterated its 'buy' recommendation and 200p target.Rumours that mobile phone groups T-Mobile and Orange are considering a £10bn flotation of their JV, Everything Everywhere, could also be weighing on the telecoms sector today.By going pubic in London, it is thought that parent companies Deutsche Telekom and France Telecom, respectively, could raise around £1.0bn each.Top performing sectors so far todayPersonal Goods 21,917.32 +0.46%Industrial Transportation 2,481.19 +0.34%Electronic & Electrical Equipment 4,072.34 +0.19%Automobiles & Parts 5,835.81 +0.12%Real Estate Investment & Services 1,978.37 +0.12%Bottom performing sectors so far todayConstruction & Materials 3,661.11 -2.70%Mobile Telecommunications 3,968.73 -2.16%Life Insurance 5,312.72 -1.99%Forestry & Paper 8,180.85 -1.81%Mining 20,234.25 -1.81%BC
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IN BRIEF: James Fisher hires new CFO from Johnson Matthey

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Surprise US debt downgrade knocks European stocks to two-week lows

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UAE's e& offers to increase stake in Vodafone to 20% - e& CEO to CNBC Arabia

DUBAI, Aug 2 (Reuters) - UAE's e& EAND.AD CEO Hatem Dowidar told CNBC Arabia on Wednesday his company was seeking to increase its stake in Vodafone to 20%.

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United Internet shares surge on Vodafone deal with 1&1

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UAE's e& seeking to raise Vodafone stake to 20% - e& CEO to CNBC Arabia

DUBAI, Aug 2 (Reuters) - UAE's e& CEO Hatem Dowidar told CNBC Arabia on Wednesday his company was seeking to increase its stake in Vodafone to 20%.

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Germany's 1&1 switches to Vodafone for 5G network deal

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Vodafone boosted by 1&1 5G network deal in Germany

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TOP NEWS: Vodafone inks national roaming agreement with 1&1 in Germany

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