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Vodafone Group PLC
VOD.NISIN: US92857W2098SEDOL: B197PF8 |
Rating: BUY |
Target Price: 15.16 USD |
Investment Horizon: 6 to 24 months |
Company News Alert
Vodafone Group PLC (Vodafone) reported strong growth in revenues, driven by favorable exchange rate movements and robust growth in revenues from India and South Africa. Furthermore, Management has reiterated its operating income & Free cash flow guidance for FY 2010 and there is no significant change in our outlook for the company's fundamentals. We therefore do not anticipate a change in our current common stock rating and we will reassess the common stock…
FY 2009 News Alert
Vodafone Group PLC's (Vodafone) reported strong y-o-y results in FY 2009, above our expectations. Revenues increased y-o-y due to robust growth from Eastern Europe, the Middle East, Africa, Asia and the Pacific area (EMAPA) and Europe. In addition, margins in FY 2009 increased due to lower Selling and Distribution (S&D;) expenses. In light of higher-than-expected result in FY 2009, we are likely to revise our estimates and target price upwards....
Company News Alert
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Vodafone Group PLC (Vodafone) reported strong growth in revenues, driven by favorable exchange rate movements and robust growth in revenues from India. In addition, Management has revised its revenues and adjusted operating profit guidance upwards. Although Management has revised its guidance upwards we do not expect it to materially impact our valuation and target…
Company News Alert
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Vodafone Group PLC’s (Vodafone) common stock has increased significantly since our last update report dated 03 December 2008, which we believe is due to broad market movements. In addition, going forward, we expect revenues to increase, driven by anticipated growth in subscriber-base from the European region and strong performance from Indian operations in the EMAPA region. Thus in light of these factors although the current price supports…
1H 09 Update Report
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Vodafone reported y-o-y growth in revenues, in line with our estimate, due to strong growth from the EMAPA and European regions. However, EBITDA margin declined, below our estimate, due to increased cost of sales. Going forward we expect revenues to increase, driven by anticipated growth in subscriberbase from the European region and strong performance from Indian operations in the EMAPA region. However, we expect EBITDA margin to…
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