New Street upgraded Vodacom to Buy from Neutral with a price target of ZAR 150, up from ZAR 130. As inflation softens, the firm expects a period of real revenue growth for the African telecom companies, as revenues “catch back” some of the hard dollar currency lost. Headwinds are easing and many markets will have just two players, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential