Nomura Securities Maintains a 'Buy' on Vodafone (VOD); Solid Q4 Results
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Price: $15.96 -0.31%
Rating Summary:
17 Buy, 5 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
17 Buy, 5 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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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.
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