Vodafone Group PLC ADR
VOD: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| xL | LOCK|&v | LOCK|Vqw#J> |
Vodafone: Xavier Niel Is the Catalyst We’ve Looked For; FVE Raised to GBX 130; Shares Undervalued
On July 10, Xavier Niel acquired a 16% stake in Vodafone through his family investment vehicle Vega, from the United Arab Emirates group e&. Niel is now Vodafone’s largest shareholder, and we expect him to push hard for a faster turnaround. We view this as a very positive development for the shares.
