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Fly News Breaks for October 22, 2019
VOD
Oct 22, 2019 | 08:51 EDT
Argus analyst John Eade raised his price target on Vodafone to $23 and kept his Buy rating, citing the company's "solid" balance sheet", attractive 5% dividend yield in the current low-rate environment, and its diversified portfolio. The analyst further notes Vodafone's efforts to transform itself from a "pure-play" mobile operator to a company offering a mix of communications services, including fixed broadband, video content, cloud and website hosting, which he expects to boost its earnings amid rising data traffic and growing customer base.
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