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Buy Vodafone (VOD)! Merger with Verizon (VZ) Likely End Result

March 8, 2013 1:11 PM EST Send to a Friend
Get Alerts VOD Hot Sheet
Price: $34.16 +1.94%

Rating Summary:
    11 Buy, 9 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 17 | Down: 38 | New: 6
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Vodafone Group (Nasdaq: VOD) is higher on the session as BofA/Merrill Lynch (BAML) says to buy the stock on a clearer endgame in the U.S.

BAML thinks the status quo will be Vodafone's near-term scenario, but a merger with Verizon Communications (NYSE: VZ) is the likely end result. The firm thinks Vodafone selling its stake in Verizon Wireless is "unlikely."

Many near-term catalysts still remain, BAML commented.

The firm has Vodafone at Buy, with a price target of 215 pence. Shares are up 2.5 percent Friday.

For an analyst ratings summary and ratings history on Vodafone click here. For more ratings news on Vodafone click here.

Shares of Vodafone closed at $26.97 yesterday.




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