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Vodafone Group Public Limited Company Message Board

pumpdie_dumpdie 1 post  |  Last Activity: Jun 29, 2014 3:32 PM Member since: Aug 29, 2003
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  • Thursday 06/26/2014 03:57 AM ET - Foreign Wire via Dow Jones News

    0757 GMT [Dow Jones] Macquarie upgrades its recommendation on Vodafone (VOD.LN) to outperform from neutral, as it reckons revenue trends are nearing a low, while it also expects a reduction in Vodafone's underperformance compared with incumbents. "We expect CY1H14 to be the low point of the company's revenue and earnings trends," says Macquarie. Macquarie also has confidence in the dividend, which it says looks secure for at least three years. Project Spring completes 'the toolset' and also allows Vodafone to take a lead in markets such as India and South Africa, reckons Macquarie. The target price is raised to 220p from 205p. Shares gain 2%.

    Sentiment: Buy

33.13-0.10(-0.30%)Sep 19 4:00 PMEDT

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