- With the company still only sporting a market cap of $155B, analysts think Vodafone (VOD +8.1%) could go higher still if it sells its Verizon Wireless stake to Verizon for $130B (net proceeds will likely be lower due to taxes), as it's reportedly close to doing.
- Merrill sees 20% upside from current levels, and hedge fund analysts talking to Notable Calls think Vodafone is worth $40/share even if it only receives $120B. David Einhorn won't be complaining if that happens.
- Meanwhile, Bernstein is echoing a March BofA/Merrill report by arguing AT&T (T +1.2%), hungry to expand internationally, could buy what's left of Vodafone following a Verizon Wireless deal. Bloomberg reported in June AT&T "remains interested" in Vodafone's assets, among various other international properties.
- More on Vodafone/Verizon
Analysts see more upside for Vodafone; will AT&T get involved?
Aug 29 2013, 11:15 ET