Vodafone: Barclays still sees 'clear value opportunity'
(CercleFinance.com) - Barclays has maintained its "overweight" rating on the Vodafone share, still seeing a "clear value opportunity" in the British telecoms giant.
"As the dust settles post the disappointing FY results and dividend cut we take a fresh look at Vodafone," the broker wrote in a note.
In the report, Barclays discussed potentially near term catalysts that could help unlock the discount to its 200 pence target price, with hopefully no operational deterioration in the first quarter.
The share is currently up 1.6% at 133.5 pence in London.
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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.
"As the dust settles post the disappointing FY results and dividend cut we take a fresh look at Vodafone," the broker wrote in a note.
In the report, Barclays discussed potentially near term catalysts that could help unlock the discount to its 200 pence target price, with hopefully no operational deterioration in the first quarter.
The share is currently up 1.6% at 133.5 pence in London.
Copyright (c) 2019 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.