May 24, 2013

Vodafone shares downgraded over Euro revenue fears

Vodafone shares were amongst the biggest FTSE 100 fallers on Tuesday following a downgrade from analysts Bernstein as it cut its rating from outperform to market perform.

Analysts from Bernstein have predicted that Vodafone will suffer from a decline in European revenues and it doesn’t expect the possible of acquisition from Verizon to reverse the fall in share price value.

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