Vodafone Remains Undervalued, say Analysts

FTSE 100 telecoms firm remains below its fair value estimate, according to Morningstar analysts

Allan C. Nichols 20 November, 2018 | 2:49PM

Vodafone results

After recent results, shares in FTSE 100 telecoms firm Vodafone (VOD) remain undervalued, according to Morningstar analysts. The company has a fair value estimate of 250p per shares, against a current price just above 150p per share.

Vodafone is successfully transitioning from one of the world’s largest wireless-only telecom companies to a diversified operator offering converged mobile and fixed-line services in many markets. We think this is an important transition as Europe is rapidly moving into a converged world. The acquisitions of Kabel Deutschland in Germany, Ono in Spain, and Cable & Wireless Worldwide in the United Kingdom provide Vodafone with some key fixed-line infrastructure in three of its biggest European markets.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Vodafone Group PLC123.42 GBX0.64

About Author

Allan C. Nichols  Allan C. Nichols

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