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Berenberg Bank Sticks to Their Buy Rating for Vodafone (VOD)

Tipranks - Tipranks - Sat Mar 21, 1:26AM CDT

Berenberg Bank analyst Nick Lyall maintained a Buy rating on Vodafone yesterday and set a price target of £1.23. The company’s shares closed yesterday at p107.65.

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Lyall covers the Communication Services sector, focusing on stocks such as Vodafone, Liberty Global A, and BT Group plc. According to TipRanks, Lyall has an average return of 1.4% and a 58.82% success rate on recommended stocks.

Vodafone has an analyst consensus of Hold, with a price target consensus of p105.70, which is a -1.81% downside from current levels. In a report released today, TipRanks – Google also upgraded the stock to a Buy with a p121.00 price target.

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Based on Vodafone’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of p19.3 billion and a net profit of p816 million. In comparison, last year the company earned a revenue of p18.28 billion and had a net profit of p1.06 billion

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