1353 GMT - Vodafone's shares catch the eye ahead of the company's full-year results next Tuesday, AJ Bell analysts write in a research note. Over the past five years, Vodafone shares have fallen more than 50% and trade back where they did in 1997 before the technology bubble blew, they say. This is mainly due to a challenging environment including a more competitive industry, unpredictable customer behavior, tight regulation from Ofcom, and an indebted balance sheet, they add. However, "share price seems to be stabilizing, albeit at very low levels, and this may be down to the restructuring plan initiated by its CEO," the U.K. brokerage says. Shares are up 1.9% at 69.38 pence. (najat.kantouar@wsj.com)
(END) Dow Jones Newswires
May 10, 2024 09:55 ET (13:55 GMT)
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