NEW YORK, April 6 (Reuters) - U.S.-listed Americandepository receipts (ADRs) of Vodafone Group PLC,Europe's largest wireless carrier, could rise by 20 percent ormore in the next year, according to an article in the April 7edition of Barron's.
The company's ADRs look appealing at $36, down from a recenthigh of $42, as speculation cools that AT&T Inc will buythe company, the financial newspaper said. AT&T has expressedEuropean ambitions, and may still seek to buy Vodafone, itadded.
Vodafone sold its 45 percent stake in Verizon Wireless toVerizon Communications Inc for $130 billion in a dealthat closed in February.
While some American investors may be more comfortable owningVerizon or AT&T, Vodafone is a good play for those seekingEuropean telecom exposure, Barron's said.
"Vodafone is a bet on an upturn in Europe, improvingconditions in the European wireless market, and the rollout ofnext-generation 4G data services, which are more prevalenthere," it said. (Reporting by John McCrank)