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0 0 -0.0034036759700477 -0.0034036759700477 -0.000299523485364221 -0.00544588155207625 -0.00544588155207625 -0.0034036759700477
Stock impact report

Vodafone: We Have Liftoff (Rating Downgrade) [Seeking Alpha]

Vodafone Group Plc - American Depositary Shares each representing ten Ordinary Shares (VOD) 
US:NASDAQ Investor Relations: vodafone.com/content/index/investors.html
Company Research Source: Seeking Alpha
The stock now trades above its 20-year average valuation at close to 15x P/E, with a dividend yield below 3.7%. Successful UK merger and growth in Africa offset weak legacy European markets, but forward growth is likely to moderate. I am downgrading VOD to 'HOLD' with a new PT of £0.95/share ($11.45 ADR), citing diminished risk/reward. Bjoern Wylezich/iStock Editorial via Getty Images In my last article, about five months back, which you can find here , I called Vodafone one of the last attractive telecommunication companies on the entire market. After years of underperformance, Vodafone has finally caught This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of VOD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is me Show less Read more
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