Vodafone Group PLC (ADR)

  • TickerA1XD9Z
  • ISINUS92857W3088
  • SectorMobile Telecommunications
  • CountryUnited Kingdom

Analysts

VODAFONE GROUP PLC. sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of VODAFONE GROUP PLC. (US), a company active in the Mobile Telecommunications industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date November 13, 2018, the closing price was USD 20.08 and its potential was estimated at USD 22.55.

Allan C. Nichols

Morningstar | Vodafone Reported Mixed First-Half Results With Weak Revenue but Strong Margins; Shares Undervalued

Vodafone reported mixed first-half results with revenue a bit light but EBITDA margin better. We expect to maintain our GBX 250 per local share fair value estimate and narrow moat rating. Despite the roughly 7.5% increase in the local share price on Nov. 13, we believe the shares remain very undervalued. The firm reported revenue based on the new IFRS 15 accounting standard. Sales fell 5.5% versus our full-year estimate of a decline of 4.6%, but adverse currency movements and the accounting change caused 3.8 and 3.3 percentage point declines, respectively. On an organic basis, excluding foreig...

Allan C. Nichols

Vodafone Reported Mixed First-Half Results With Weak Revenue but Strong Margins; Shares Undervalued

Vodafone reported mixed first-half results with revenue a bit light but EBITDA margin better. We expect to maintain our GBX 250 per local share fair value estimate and narrow moat rating. Despite the roughly 7.5% increase in the local share price on Nov. 13, we believe the shares remain very undervalued. The firm reported revenue based on the new IFRS 15 accounting standard. Sales fell 5.5% versus our full-year estimate of a decline of 4.6%, but adverse currency movements and the accounting chan...

Allan C. Nichols

Morningstar | We Are Adding Vodafone to Our Best Ideas List

We are adding narrow-moat Vodafone to our Best Ideas list. Vodafone is one of the largest wireless carriers in the world, with 275 million fully controlled wireless subscribers and 530 million including joint ventures. While Vodafone has had issues in some countries, such as India and Italy, it is increasing revenue in local-currency terms in most markets. Its reported revenue has been hurt by currency moves as the euro has strengthened against most of the currencies where it has operations. We think the stock has significantly oversold relative to the issues it has faced. In the meantime, the...

Allan C. Nichols

We Are Adding Vodafone to Our Best Ideas List

We are adding narrow-moat Vodafone to our Best Ideas list. Vodafone is one of the largest wireless carriers in the world, with 275 million fully controlled wireless subscribers and 530 million including joint ventures. While Vodafone has had issues in some countries, such as India and Italy, it is increasing revenue in local-currency terms in most markets. Its reported revenue has been hurt by currency moves as the euro has strengthened against most of the currencies where it has operations. We ...

Vodafone Group Plc: Update following initiation of review for downgrade

Our credit view of Vodafone following the proposed acquisition of Liberty Global's operations in Germany, the Czech Republic, Hungary and Romania.

Moody's places Vodafone's Baa1 ratings on review for downgrade

Moody's Investors Service ("Moody's") has today placed Vodafone Group Plc's ("Vodafone" or "the company") Baa1 ratings on review for downgrade. Concurrently, Moody's has affirmed the company's Prime-2 (P-2) short-term rating. The review follows the announceme...

Jean-Rene Meduri

VodafoneZiggo 1Q18 - Main KPIs trending in the right direction

Mobile revenue (-8.5% yoy) strongly declined primarily due to MTRs cuts (July 2017) and "roam like at home" regulation (June 2017). However, mobile customer net-adds were quite encouraging. Unlike in previous quarters, VodafoneZiggo gained 4.9k customers (vs. -81k in 4Q17 and -60k in 1Q17) and this time did better than its main competitor – the incumbent KPN (-70k qoq).

Vodafone Group Plc: Update to credit analysis

Our credit view of Vodafone, reflecting its large size, geographical diversification and expected EBITDA growth, which partially offset the company’s high leverage ratio for the rating.

Jean-Rene Meduri

VodafoneZiggo 4Q17 - Weak mobile results, but EBITDA in line with guidance

VodafoneZiggo, the #2 telecom operator in the Netherlands, reported weak preliminary 4Q17 results. Revenue was down by 3.7% to €1,005m while EBITDA came in 12.2% weaker at €385m, i.e. a margin of 38.3% (-370bps yoy) having been negatively impacted by integration costs. However, FY17 EBITDA was in line with management guidance at€1,692m.

Allan C. Nichols

Morningstar | Vodafone Reported Mixed First-Half Results With Weak Revenue but Strong Margins; Shares Undervalued

Vodafone reported mixed first-half results with revenue a bit light but EBITDA margin better. We expect to maintain our GBX 250 per local share fair value estimate and narrow moat rating. Despite the roughly 7.5% increase in the local share price on Nov. 13, we believe the shares remain very undervalued. The firm reported revenue based on the new IFRS 15 accounting standard. Sales fell 5.5% versus our full-year estimate of a decline of 4.6%, but adverse currency movements and the accounting change caused 3.8 and 3.3 percentage point declines, respectively. On an organic basis, excluding foreig...

Allan C. Nichols

Vodafone Reported Mixed First-Half Results With Weak Revenue but Strong Margins; Shares Undervalued

Vodafone reported mixed first-half results with revenue a bit light but EBITDA margin better. We expect to maintain our GBX 250 per local share fair value estimate and narrow moat rating. Despite the roughly 7.5% increase in the local share price on Nov. 13, we believe the shares remain very undervalued. The firm reported revenue based on the new IFRS 15 accounting standard. Sales fell 5.5% versus our full-year estimate of a decline of 4.6%, but adverse currency movements and the accounting chan...

Allan C. Nichols

Morningstar | We Are Adding Vodafone to Our Best Ideas List

We are adding narrow-moat Vodafone to our Best Ideas list. Vodafone is one of the largest wireless carriers in the world, with 275 million fully controlled wireless subscribers and 530 million including joint ventures. While Vodafone has had issues in some countries, such as India and Italy, it is increasing revenue in local-currency terms in most markets. Its reported revenue has been hurt by currency moves as the euro has strengthened against most of the currencies where it has operations. We think the stock has significantly oversold relative to the issues it has faced. In the meantime, the...

Allan C. Nichols

We Are Adding Vodafone to Our Best Ideas List

We are adding narrow-moat Vodafone to our Best Ideas list. Vodafone is one of the largest wireless carriers in the world, with 275 million fully controlled wireless subscribers and 530 million including joint ventures. While Vodafone has had issues in some countries, such as India and Italy, it is increasing revenue in local-currency terms in most markets. Its reported revenue has been hurt by currency moves as the euro has strengthened against most of the currencies where it has operations. We ...

Allan C. Nichols

Morningstar | Italy’s Spectrum Auction Ended With High Bids; We’re Lowering Our FVE for Telecom Italia and Iliad

The latest Italian spectrum auction ended on Oct. 2 with total bids of EUR 6.55 billion, much higher than we anticipated. After reviewing the impact on our models, we are reducing our fair value estimate for Telecom Italia to EUR 0.89 per share from EUR 0.98, and for Iliad to EUR 143 per share from EUR 163. We are maintaining our fair value estimates of GBX 250 per share for Vodafone, CHF 470 per share for Swisscom, and HKD 118 for CK Hutchison. We are maintaining our no-moat rating on Hutchison and our narrow moat ratings on the others. There were three tranches of spectrum in the auction: 7...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • François Maury
  • Hela Zarrouk
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Olivier Lebrun
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Rémi Adam, CFA
  • Stephane Houri
  • Steven Gould
  • Veysel Taze
  • Vincent Maulay

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/26/2018

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • François Maury
  • Hela Zarrouk
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Olivier Lebrun
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Rémi Adam, CFA
  • Stephane Houri
  • Steven Gould
  • Veysel Taze
  • Vincent Maulay

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 26/07/2018

...

VODAFONE GROUP PLC. sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of VODAFONE GROUP PLC. (US), a company active in the Mobile Telecommunications industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date November 13, 2018, the closing price was USD 20.08 and its potential was estimated at USD 22.55.

ValuEngine Rating and Forecast Report for VOD

ValuEngine Rating and Forecast Report for VOD

ValuEngine Rating and Forecast Report for VOD

ValuEngine Rating and Forecast Report for VOD

ValuEngine Rating and Forecast Report for VOD

ValuEngine Rating and Forecast Report for VOD

ValuEngine Rating and Forecast Report for VOD

ValuEngine Rating and Forecast Report for VOD

ICD Research Department

Vodafone Group PLC : Technology and Communications - Company Profile, SWOT & Financial Analysis

Synopsis ICD Research's "Vodafone Group PLC : Technology and Communications - Company Profile, SWOT & Financial Analysis" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major products and services, SWOT analysis, business description, company history, key competitors, financial analysis, mergers & acquisitions, recent developments, key employees as well as company locations and subsidiaries. Summary This report is a crucial resource for industry executives and anyone looking to access key information about "Vo...

Expert Corporate Governance Service (ECGS)

Etude l' AG du 28/07/2017

Vodafone has been fined £4.6m by The Office of Communications (Ofcom) for ‘serious and sustained’ breaches of consumer protection rules.  Ofcom carried out two investigations into the Company resulting in the Company being fined £3.7m for taking pay-as-you go customers’ money without providing a service in return; and £925,000 for flaws in its complaints handling processes.  Please see the attached report for further details.  In addition, the Company and its subsidiaries are currently involved in a number of legal proceedings including inquiries from, or discussions with, governmental authori...

Louis AZAIS

Short term view - VODAFONE : The major support has been reached.

The trend is still neutral but within that interval prices could head towards the bottom of the range.Arguments :- The major support has been reached.- Prices are breaking below the moving average.- Prices will test the quality of gap.

Louis AZAIS

Analyse court terme - VODAFONE : Le support majeur est atteint.

La tendance est toujours neutre, mais au sein de cet intervalle un mouvement de plus court terme se dessine vers le bas de la consolidation.Arguments :- Le support majeur est atteint.- Les prix enfoncent la moyenne mobile.- Les prix doivent revenir tester le gap.

Louis AZAIS

Short term view - VODAFONE : All-time-high

The previous high has been passed, the bullish trend is confirmed. The next target is at 239.20 p. The invalidation level is below 222.00 p.Arguments :- Prices made a new all-time-high, this confirms the strength of the trend.- The moving average is supporting prices.- The bullish gap has been tested, the rally resumes.

Louis AZAIS

Analyse court terme - VODAFONE : Plus haut historique

Le précédent sommet vient d'être franchi, ceci confirme la tendance haussière. Le prochain objectif est à 239,20 p. Le niveau d'invalidation est sous 222,00 p.Arguments :- Les cours font un nouveau plus haut historique, ce qui témoigne de la force de la tendance.- La moyenne mobile sert de support.- Le gap a été testé, la tendance haussière peut reprendre.

Louis AZAIS

Short term view - VODAFONE : The bullish gap opened as prices break out of the pattern announces a rally.

The previous high has been passed, the bullish trend is confirmed. The next target is at 233.30 p. The invalidation level is below 211.00 p.Arguments :- Prices made a new all-time-high, this confirms the strength of the trend.- The bullish gap opened as prices break out of the...

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