Vodafone returns to profit as mobile data offsets losses in India

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The firm has "Hold" rating by HSBC given on Tuesday, January 17. Barclays Capital maintained the shares of VOD in report on Wednesday, July 13 with "Overweight" rating.

Vodafone Group plc (LON:VOD)'s stock had its "buy" rating restated by investment analysts at Beaufort Securities in a research report issued on Tuesday. The firm has "Neutral" rating by Bank of America given on Wednesday, January 25. Finally, Jefferies Group LLC upped their price target on Vodafone Group plc from GBX 232 ($3.05) to GBX 250 ($3.29) and gave the stock a "buy" rating in a research note on Monday, September 11th.

Other equities research analysts have also recently issued research reports about the company.

About 1,468 shares traded.

The Board recommended an interim dividend per share of 4.84 euro cents, up 2.1 percent year-on-year, consistent with the Board's intention to grow the full year dividend per share annually. Vodafone Group Plc (ADR) (NASDAQ:VOD) has declined 13.23% since November 14, 2016 and is downtrending. It has underperformed by 16.70% the S&P500.

The company said that revenue fell to EUR23.01 billion, from EUR24.05 billion in September 2016, which Vodafone attributed to the deconsolidation of Vodafone Netherlands, and foreign exchange pressures. If the $31.93 price target is reached, the company will be worth $4.01 billion more.

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The second quarter saw a slowdown in organic service revenue growth to 1.3% from 2.2% in the first quarter, reflecting tough comparatives and a lower contribution from carrier services in the Africa, Middle East and Asia Pacific region. It now has negative earnings.

The increased forecast reflected stronger-than-expected underlying revenue growth in Europe and a later-than- expected commercial launch of a new entrant in Italy, the company said.

Matthews International Corporation is a well-known provider of brand solutions, memorialization products and industrial technologies. The company has market cap of $3.58 billion. The Firm operates through three divisions: SGK Brand Solutions, Memorialization and Industrial Technologies. It has a 21.05 P/E ratio.

For the first half, profit from continuing operations surged to 1.58 billion euros from 278 million euros in the previous year. $78's average target is 35.77% above currents $57.45 stock price. The stock of Vodafone Group plc (LON:VOD) earned "Buy" rating by Deutsche Bank on Thursday, May 12. The stock of Vodafone Group plc (LON:VOD) earned "Buy" rating by Nomura on Friday, February 5. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock.

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