Vodafone: just another utility stock?
Is the future bright? Well, it's probably not Orange but it is doubtful whether the future for Vodafone is bright enough to make up for a near-halving of the share price over the last five years.
Company
LON:VOD
Vodafone Group PLC is a mobile telecommunications company, with a significant presence in Europe, the Middle East, Africa, Asia Pacific and the United States.
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Is the future bright? Well, it's probably not Orange but it is doubtful whether the future for Vodafone is bright enough to make up for a near-halving of the share price over the last five years.
There was an 0.8% rise in the fourth quarter which was ahead of market forecasts
Other scheduled results include those from Assura, Benchmark Holdings, Cranswick, DCC, Homeserve, Land Securities, Minds + Machines and Topps Tiles
GS’s 12-month price target for Vodafone is 195p. The shares currently trade at 140.66p, down 1.2% on the day.
mVaccination has already been used in South Africa to register 279,000 inoculations of health workers
Shares were sold at €24 each ahead of the start of trading in Frankfurt today
Vantage Towers will not receive any of the proceeds from its float
The business owns 82,000 towers across 10 European countries
Monday's update did not contain news about the upcoming IPO
On an organic basis, service revenues returned to growth outside of Europe
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Britain's benchmark of blue-chip shares closed out at 6,507, down over eight points
The broker also said the FTSE 100 telecoms giant had scope for “significant market share gains” in its B2B and fixed-line businesses, as well as large exposure to the “attractive” German market
An international arbitration tribunal in The Hague ruled in Vodafone's favour n September
Elliott has also agreed to other conditions, one of which is not to take further legal action against Vodafone.
The telecoms giant's goal was originally set for 2050
"The growth potential in the towers sector is fueled by the requirement for data as well as the roll-out of 5G technology"
The mobile group confirmed it expected to complete the listing of Vantage Towers early in the New Year
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Brent crude for January delivery was up US$1.26 to US$44.04 a barrel, ahead of tomorrow’s OPEC+ meeting
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Other firms in focus will be consumer credit data firm Experian, office landlord British Land and B&Q owner Kingfisher
Urban planners are facing more pressure to stimulate a ‘green’ recovery and solve pre-existing infrastructure issues