Vodafone (VOD) Probably Not Interested in Selling Stake in Verizon Wireless

May 21, 2013 10:48 AM EDT
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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.


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