Nomura Securities Maintains a 'Buy' on Vodafone (VOD); Feedback From Roadshow

Nomura Securities maintains a 'Buy' on Vodafone (NASDAQ: VOD), PT 230p.

Analyst, James Britton, said, "Vodafone’s roadshow comments on guidance were cautious, we think, in light of macro and regulatory headwinds and also reference to tough competition. In its defense, Vodafone cited outperformance against peers across its footprint and flagged the benefits of diversification. Vodafone is also willing to look for more opportunities to reduce its cost base if needed. Risk to revenue guidance of 1-4% was acknowledged as the macro outlook has deteriorated in Europe and regulation is tougher. Vodafone will showcase the strengths of its Enterprise positioning at its Open Office on March 14."

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 $27.15 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Nomura/Instinet Upgrades Genting Singapore (GENS:SP) (GIGNY) to Neutral
• UBS Reiterates Buy Rating on Hilton Worldwide (HLT)
• Intuitive Machines Inc. (LUNR) PT Lowered to $32 at Cantor Fitzgerald, Reaffirms Overweight Rating