Vodafone shares: Is it worth buying at the current price for dividend hunters?

Vodafone shares: Is it worth buying at the current price for dividend hunters?

According to a report by www.sharedeals.de,

Vodafone shares (WKN: A1XA83) have come off their lows somewhat, but are not yet making any significant progress. It is currently trading at around €0.79. Analysts are wondering what will happen next for the British company. Is the paper a bargain for dividend hunters at current prices?

The Vodafone Group is an international British telecommunications company. The corporate headquarters are in London. The company's official headquarters is Newbury. The group is currently worth around €21.22 billion on the stock exchange.

Strong nerves are required because Vodafone shares have recorded significant price losses in recent years. In 2023 alone the price drop will be 54%. The company's business figures are also worrying, with the loss of cable and DSL customers in particular being a cause for concern. The company's streamlining with rigorous austerity measures is progressing, but the outlook remains uncertain.

Analysts' assessments are inconsistent. Some predict higher prices, while others remain skeptical. The so-called tax-loss selling that comes with the end of the year, in which stocks are sold at a loss in order to recoup previously paid profit taxes, could mean a short-term upturn in the stock. In addition, the stock is fundamentally valued and offers a high dividend yield of 11.39%.

Overall, the situation remains uncertain, but long-term investors could benefit from the fundamentally favorable valuation and the generous dividend. Short-term traders may also be interested, especially given the end of tax-loss selling.