UBS downgraded Vodafone (VOD) to Sell from Neutral with a price target of 80 GBp, up from 72 GBp. The shares are trading at a premium valuation on reported free cash flow yield despite risks from rising fiber competition in Germany, the analyst tells investors in a research note. The firm expects a de-rating of Vantage Towers from the loss of revenues in Spain.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VOD: