This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Brexit p6
Leave well alone?
Vodafone (VOD) / Telecommunications
Vodafone is one of the leading global telecommunications companies, with a significant presence in Europe (as Vodafone) and the rest of the world via its subsidiaries, joint ventures and investments. Since Vodafone is directly exposed to the EU, we see resultant pressure on the share price. However, the shadow of M&A is never far from the company with Liberty Global having talked about making a bid in 2015. That saw a 13% jump in VOD’s share price. As with RR, technical indicators are on the bearish side of neutral and VOD does have a significant European presence, but the company has solid fundamentals that make it potentially ripe for acquisition. Whether or not Brexit will keep a potential predator on the sidelines, should investors avoid VOD for now?
Broker Consensus
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Prepared by Michael van Dulken, Head of Research
