Vodafone Group's Future Prospects Seen Uncertain -- Market Talk

Dow Jones11-12

0844 GMT - Vodafone Group's prospects remain uncertain, although some progress is being made, interactive investor analyst Richard Hunter writes in a note. "There is little to catch the eye of the bulls in this release, with the end game still some way off, and the share price has reacted accordingly," Hunter says. Years of underperformance are being addressed by the U.K. telecommunications company, with a major transformation of its business underway, he says. However, turning around a major company is never an easy task, especially one in a highly competitive environment, he adds. Shares are down 4.3% at 69.90 pence. (najat.kantouar@wsj.com)

(END) Dow Jones Newswires

November 12, 2024 03:44 ET (08:44 GMT)

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