VOD added to "value stocks list"8 Nov 2018 09:18
Morningstar: Vodafone Group specifically represents one of the cheaper European names on an uncertainty-adjusted, price/fair value basis; and currently trades at about a high-teens discount to it's fair value. "Nichols expects revenue growth will be driven by a combination of improved results in Europe, owing to gains in convergence and higher data usage – helped by the end of mobile termination rate cuts – and continued growth from emerging markets, particularly Turkey and Vodacom in Africa. Nichols believes Vodafone has a narrow economic moat due to cost advantages and efficient scale.