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Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

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Share Price: 71.52
Bid: 71.54
Ask: 71.56
Change: -0.68 (-0.94%)
Spread: 0.02 (0.028%)
Open: 72.18
High: 72.66
Low: 71.48
Prev. Close: 72.20
VOD Live PriceLast checked at -

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UBS keeps Vodafone at buy

Fri, 02nd Oct 2015 16:13

(ShareCast News) - Organic service revenue growth at Vodafone grew by a "solid" 0.7% over the three months to June and will accelerate to a 1.3% pace in the third quarter, UBS said.Despite a negative half percentage point impact from "phasing issues" in the second quarter, such as lapping price rises in Italy, one-off benefits at Vodacom in the second quarter and regulatory cuts in India, sales will accelerate as Germany improves, the broker said in a research note sent to clients."We see scope for an upside surprise on operating profits in EBITDA terms thanks to the company´s 'operational gearing' as revenues grow."Lower churn should lead to lower SAC/customer costs and additional cost saving measures should be forthcoming," analyst Polo Tang wrote.Investments linked to the company´s Project Spring and working capital requirements will push free cash flow lower.Nonetheless, Tang "remained relaxed" that Vodafone would achieve its fiscal year guidance for between 11.5bn and 12.0bn pounds in EBITDA.So, while recent operating trends have been "mixed" UBS expected a sequence of solid/improving quarterly trends to help drive a re-rating of the share price."We would also note the CEO/CFO recently purchased 260,000/180,000 shares respectively. At current levels we think there is little priced in for growth/M&A and press reports have suggested there is scope for VOD/LBTY to re-visit talks."UBS kept its 'buy' recommendation and 280p target price unchanged.
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1 Jul 2023 12:01

Boss of troubled Vodafone Germany optimistic of turnaround

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30 Jun 2023 15:39

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30 Jun 2023 13:36

Berenberg cuts target price on Vodafone, but keeps at 'hold'

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21 Jun 2023 07:41

Vodafone hires Morgan Stanley to weigh options for its Spanish unit - Expansion

MADRID, June 21 (Reuters) - Britain telecoms company Vodafone has hired investment bank Morgan Stanley to evaluate the options for its Spanish unit, Spanish newspaper Expansion reported on Wednesday citing unidentified market sources.

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Britain's antitrust head: competition is key to innovation

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15 Jun 2023 12:07

LONDON MARKET MIDDAY: European equities downbeat ahead of ECB decision

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Vodafone extends Hyundai partnership for in-car streaming services

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14 Jun 2023 17:09

Vodafone CEO secures early win, but long road ahead on the deal front

LONDON, June 14 (Reuters) - Vodafone boss Margherita Della Valle has bagged her first win with a merger deal in Britain, but the time it took to get there and the tortuous road ahead shows the scale of the challenge she faces to turn around the telecoms group.

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14 Jun 2023 17:05

Vodafone, Hutchison strike $19 bln deal to create UK mobile leader

Deal would create UK's biggest mobile operator

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