Nomura Securities Maintains a 'Buy' on Vodafone (VOD); Solid Q4 Results
Tweet
Share
E-mailGet Alerts VOD Hot Sheet
Price: $16.42 +1.23%
Rating Summary:
17 Buy, 5 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
17 Buy, 5 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Nomura Securities maintains a 'Buy' on Vodafone (NASDAQ: VOD), PT cut to 225p.
Analyst, James Britton, said, "Solid Q4 and strong VZW results expected to drive stock near-term. We update our mid-term estimates to adjust for tougher EC roaming cuts and a weaker euro and reduce our PT from 230p to 225p. Mobile is set to benefit noticeably from the extra leap year day. Vodafone expect a 0.7-0.9% boost to service revenue growth. Reflecting reduced MTR pressure in Germany, Netherlands, Portugal and Greece (+ impacts) and last year’s accounting distortion in Spain (-), we now expect service revenue growth to improve 100bp to 1.9% in Q4."
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 $27.57 yesterday.
Analyst, James Britton, said, "Solid Q4 and strong VZW results expected to drive stock near-term. We update our mid-term estimates to adjust for tougher EC roaming cuts and a weaker euro and reduce our PT from 230p to 225p. Mobile is set to benefit noticeably from the extra leap year day. Vodafone expect a 0.7-0.9% boost to service revenue growth. Reflecting reduced MTR pressure in Germany, Netherlands, Portugal and Greece (+ impacts) and last year’s accounting distortion in Spain (-), we now expect service revenue growth to improve 100bp to 1.9% in Q4."
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 $27.57 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- JPMorgan Downgrades PLDT Inc. (TEL:PM) (PHI) to Neutral
- Travel Food Services (TRAVELFO:IN) PT Raised to INR1,600 at ICICI Securities
- Honasa Consumer Ltd (HONASA:IN) PT Raised to INR720 at ICICI Securities
Create E-mail Alert Related Categories
Analyst Comments, Analyst PT ChangeRelated Entities
NomuraSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
