Vodafone (VOD) Probably Not Interested in Selling Stake in Verizon Wireless
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Price: $8.60 -1.04%
Rating Summary:
18 Buy, 4 Hold, 1 Sell
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Today's Overall Ratings:
Up: 12 | Down: 10 | New: 14
Rating Summary:
18 Buy, 4 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 14
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Vodafone (NASDAQ: VOD) comments during its earnings call suggest it is highly unlikely to sell its stake in Verizon Wireless to Verizon (NYSE: VZ) in the next two years, said analysts at Bernstein.
Comments on the company's earnings call suggest it views VZW as a more attractive asset than many of its European ones. Comments also suggest that Verizon may seek to withhold dividends in the short term, but Vodafone doesn't consider this a sustainable threat, noted analysts.
Bernstein has an Underperform rating Vodafone with a price target of $21.00.
For an analyst ratings summary and ratings history on Vodafone (NASDAQ: VOD) click here. For more ratings news on Vodafone click here.
Shares of Vodafone closed at $30.10 yesterday.
Comments on the company's earnings call suggest it views VZW as a more attractive asset than many of its European ones. Comments also suggest that Verizon may seek to withhold dividends in the short term, but Vodafone doesn't consider this a sustainable threat, noted analysts.
Bernstein has an Underperform rating Vodafone with a price target of $21.00.
For an analyst ratings summary and ratings history on Vodafone (NASDAQ: VOD) click here. For more ratings news on Vodafone click here.
Shares of Vodafone closed at $30.10 yesterday.
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