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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: 69.76
Bid: 69.86
Ask: 69.88
Change: 0.34 (0.49%)
Spread: 0.02 (0.029%)
Open: 69.54
High: 70.34
Low: 69.54
Prev. Close: 69.42
VOD Live PriceLast checked at -

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Deutsche Bank reiterates 'buy' on Vodafone, lifts target price

Wed, 20th Jul 2016 10:25

(ShareCast News) - Vodafone Group was given a boost on Wednesday after Deutsche Bank reiterated a 'buy' rating and lifted its target price to 310p from 300p.Ahead of Vodafone's first quarter interims on Friday, Deutsche Bank said the company continues on an "improving growth path" in Europe with both volume and price trends encouraging.The bank expects organic service revenue of 1.9% in the first quarter, which would mark a slowdown on the fourth quarter's 2.5%. The last quarter benefitted from accounting changes and the leap year."These benefits no longer accrue in the first quarter, which further suffers due to roaming rate reductions," Deutsche Bank analysts said."Whilst individual markets may move backwards near-term (e.g. UK) we view the broad trend for further top-line recovery in fiscal year 2017 alongside a healthy yield, as likely to boost Vodafone's rating."Deutsche Bank noted that Europe's mobile traffic growth accelerated in the fourth quarter by 0.3 percentage points (pp) to 49.0% year-on-year while unit revenue trends improved by 0.5pp to a drop of 33.6% year-on-year.It marked the fourth consecutive quarter of improvement in unit revenues, which the bank said is "supportive for further growth with Vodafone's top line highly sensitive to small, even offsetting, changes in the price-volume mix".Europe's mobile service revenue growth was still negative with a 1.1% decline in the fourth quarter but a 1pp improvement on the previous period. "We expect a return to mobile growth during fiscal year 2017, though the UK's contribution will deteriorate in the first half."The bank's GBP estimates for the full year 2017 have risen by 5% for earnings before interest, tax, depreciation and amortisation, 10% for earnings per share and 6% for dividends per share. However, estimates traded in euro terms are slightly lower. Chief risks are foreign exchange movements and any increase in competition, Deutsche Bank said.Shares climbed 0.58% to 226p at 1106 BST.
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16 May 2023 17:11

London stocks reverse gains as financial and energy stocks dip; Vodafone slides

Vodafone slumps on weak cash flow expectations

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16 May 2023 16:58

LONDON MARKET CLOSE: China data hits stocks before more US debt talks

(Alliance News) - Stock prices in Europe closed lower on Tuesday, with underwhelming China data and little in the way of progress in US debt ceiling talks souring the mood.

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16 May 2023 16:37

New Vodafone boss takes aim at costs with 11,000 global job cuts

New CEO says Germany underperforming

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16 May 2023 12:14

LONDON MARKET MIDDAY: Stocks subdued; US debt ceiling concern weighs

(Alliance News) - Stock prices in London were directionless at midday on Tuesday as markets digested the latest UK unemployment data and nervously eyed incoming US debt ceiling crunch talks.

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16 May 2023 11:36

UK's CMA says no view on Vodafone-Three tie-up until deal announced

LONDON, May 16 (Reuters) - The chief executive of Britain's anti-trust regulator said she could not give a view on the proposed merger of Vodafone and CK Hutchison's UK businesses until the deal is formally agreed.

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16 May 2023 10:26

Vodafone CEO says Three UK deal to 'take as long as it takes'

Vodafone CEO says CK Hutchison talks 'progressing'

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16 May 2023 09:23

Vodafone open to selling Spanish business: CEO

LONDON, May 16 (Reuters) - The chief executive of Britain's Vodafone said she was open to selling its Spanish business but it was too early to say what the outcome of a strategic review there would be.

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16 May 2023 09:13

TOP NEWS: Vodafone achieves annual profit jump but "not good enough"

(Alliance News) - Vodafone Group PLC on Tuesday said its annual performance slowed in line with its expectations, as it plans to cut 11,000 jobs.

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16 May 2023 09:06

LONDON MARKET OPEN: Stocks drift up amid unease over US debt talks

(Alliance News) - Stock prices in London edged into the green at Tuesday's open, but investors failed to muster much enthusiasm following weak Chinese economic data and fears of a US debt default.

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16 May 2023 08:53

Vodafone says talks with Hutchison over UK deal progressing, takes time

LONDON, May 16 (Reuters) - Vodafone's chief executive said talks with Hutchison about a tie-up between the pair's British businesses are progressing but it was taking time.

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16 May 2023 07:55

LONDON BRIEFING: UK unemployment rises to 3.9%; Vodafone to cut jobs

(Alliance News) - Stocks in London were called lower on Tuesday, as investors looked ahead to critical US debt talks, set to resume later in the day, while the UK jobless rate rose unexpectedly and Vodafone plans to cut jobs in the UK and abroad.

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16 May 2023 07:09

Vodafone to cut 11,000 jobs, forecasts flat earnings

LONDON, May 16 (Reuters) - Vodafone's new boss Margherita Della Valle said she would cut 11,000 jobs over three years to simplify the telecoms group, which she said "must change", as it forecast little or no growth in earnings for the new financial year.

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16 May 2023 07:03

Vodafone to axe 11,000 jobs, sees flat earnings

(Sharecast News) - Telecoms giant Vodafone said it was cutting 11,000 jobs and expected to post flat earnings next year after reporting a decline in annual profits in a performance described as "not good enough" by its chief executive.

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12 May 2023 14:46

Sweden's EQT takes majority stake in Italy's Wind Tre telecoms grid

MILAN, May 12 (Reuters) - Sweden's EQT Infrastructure will take a majority stake in Wind Tre's Italian telecoms network after agreeing a deal with Hong Kong's CK Hutchison valuing the business at 3.4 billion euros ($3.74 billion), including debt, the groups said.

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12 May 2023 09:37

LONDON BROKER RATINGS: RBC lifts Barclays; Jefferies cuts Diageo

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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