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ShrutiAggarwal's Insights

On the topic of Telecommunications

Posted by ShrutiAggarwal on 9 January 2016, 7:38 AM

Vodafone, A hold with an upside of 10-15%

Other Insights on Related Shares: VOD.L
Related Shares: Vodafone Share Price

Vodafone PLC is pretty fairly priced at the current levels and we do not see an upside of more than 15% from the current price levels. According to the data from Morning, the stock has a forward P/E of 40.4 compared to FTSE100 12 months forward P/E of 13.34. This also indicates that the stock is slightly overpriced at the current levels. Currently the stock has been trading above its 50 day and 100 day moving average of 217.68 p and 217.9 p respectively. We expect the stock to be range bound between 220 p -245 p in the coming quarters and fiscal year. Vodafone Group Plc (Vodafone) is a mobile communications company which provides services to mobile voice, messaging, data and fixed line. It has a market cap of £58.80 bn.The Company also has products such as international money transfer, savings and loans, salary disbursements and access to insurance products in different markets.  Vodafone is an industry leader with 446 million customers, mobile operations in 26 countries and fixed broadband operations in 17 countries. Vodafone is bringing the benefits of the mobile and digital revolution to consumers and businesses across the world, from offering 4G services in 18 countries to providing services such as machine-to-machine (‘M2M’) technology and M-Pesa, the mobile payments service that provides financial freedom to millions of people.

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