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Vodafone shares in a downward trend: Why investors need to remain patient
According to a report from www.sharedeals.de, Vodafone shares WKN: A1XA83 have again shown a long-lasting downward trend since the end of January. Despite the positive stock market environment, the share is already down 6.4% again for 2024. Vodafone's current business figures and forecast do not seem to convince investors and the share price continues to decline. The Vodafone Group, a British telecommunications company, has been in transition for some time. The group headquarters is in London and the current market value is around €20.55 billion. The third quarter results show consolidated sales of €11.372 billion, which represents a...
Vodafone shares in a downward trend: Why investors need to remain patient
According to a report by www.sharedeals.de, the Vodafone share WKN: A1XA83 has once again shown a long-lasting downward trend since the end of January. Despite the positive stock market environment, the share is already down 6.4% again for 2024. Vodafone's current business figures and forecast do not seem to convince investors and the share price continues to decline.
The Vodafone Group, a British telecommunications company, has been in transition for some time. The group headquarters is in London and the current market value is around €20.55 billion.
The third quarter results show consolidated sales of €11.372 billion, a decrease of 2.3% compared to the same period last year. Service revenue is also lower than in the previous year. Although there has been a slight increase in service sales in Germany, overall the figures show a downward trend. The forecast for the full year does not indicate a rapid improvement either.
Analysts rate the stock differently, with some expecting a drastic dividend cut and others expecting share buybacks. Technically, the share remains caught in a long-term downward trend and there is no sustainable trend reversal in sight.
In my opinion, Vodafone shows little sign of a quick recovery. Competition with Deutsche Telekom will continue to be challenging and investors are required to be patient. Although the stock may seem attractive with a favorable price-to-earnings ratio and a strong dividend, in my view there are better investment options at the moment. I have already sold my own investments in Vodafone shares because I would be prepared for a slow recovery. The stock remains cheap, but patience is the most important investor characteristic in this case.
Although the article does not offer any certainty about what will happen next, it is advisable to follow developments closely and act on the basis of well-founded analyzes and forecasts.
Read the source article at www.sharedeals.de