25 Jul 2022

A bland trading update

Vodafone Group Plc (VOD:LON) | 74.7 -0.6 (-1.1%) | Mkt Cap: 18,667m

- Jean-Michel Salvador
- 3 pages

A bland trading update with Q1 service revenues up by 2.5% yoy and lfl (vs+ 2.5% in Q4). We maintain our opinion at Buy. The stock is currently around the 130p level. We are still waiting for a catalyst to boost the stock which remains discounted to its peers due to the scepticism and mistrust towards its CEO (under fire after missing opportunities in Italy, Spain and with Vantage).

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A bland trading update

Vodafone Group Plc (VOD:LON) | 74.7 -0.6 (-1.1%) | Mkt Cap: 18,667m

Published: 25 Jul 2022
Author: Jean-Michel Salvador
Pages: 3

A bland trading update with Q1 service revenues up by 2.5% yoy and lfl (vs+ 2.5% in Q4). We maintain our opinion at Buy. The stock is currently around the 130p level. We are still waiting for a catalyst to boost the stock which remains discounted to its peers due to the scepticism and mistrust towards its CEO (under fire after missing opportunities in Italy, Spain and with Vantage).