Vodafone: Credit Suisse raises target price.
(CercleFinance.com) - Credit Suisse is reiterating its "outperform" rating on Vodafone, while raising its target price from 240 pence to 250 pence following the telecoms giant's quarterly results.
While the brokerage firm welcomes that Vodafone continues to benefit from its strategy of investing in mobile network leadership and fixed-mobile convergence, it also points out that Vodafone and other operators have begun to launch unlimited data plans at premium price points.
This a tariff scheme that has been very popular in other markets and could therefore accelerate revenue per unit growth, the broker says, adding that investors have yet to integrate the upside of this trend into forecasts.
Credit Suisse explained that it has raised its target price to reflect the appreciation of the euro versus the British pound since May.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
While the brokerage firm welcomes that Vodafone continues to benefit from its strategy of investing in mobile network leadership and fixed-mobile convergence, it also points out that Vodafone and other operators have begun to launch unlimited data plans at premium price points.
This a tariff scheme that has been very popular in other markets and could therefore accelerate revenue per unit growth, the broker says, adding that investors have yet to integrate the upside of this trend into forecasts.
Credit Suisse explained that it has raised its target price to reflect the appreciation of the euro versus the British pound since May.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.