VOD - Vodafone Group: Uncertainty Surrounding Germany And U.K. Performance Remains
2024-05-15 23:08:29 ET
Summary
- Vodafone Group has seen a slight decrease in customer lifetime value across the Germany and UK markets.
- Uncertainty remains as to performance across the market in Germany and a potential merger with Three UK.
- I rate Vodafone Group as a hold at this time.
Investment Thesis: I rate Vodafone Group as a hold at this time.
In a previous article back in November, I made the argument for a bullish view on Vodafone Group ( VOD ) (VODPF) on the basis of strong customer lifetime value growth across the UK and German markets, as well as an attractive EV/EBITDA ratio....
Vodafone Group: Uncertainty Surrounding Germany And U.K. Performance Remains