#3 - Vodafone (NASDAQ:VOD)
Vodafone Group Public Limited Company (NASDAQ: VOD) checks off two boxes for investors to consider in a volatile market. First, Vodafone is part of the 5G sector. According to some analysts, the global 5G market is expected to reach $180 billion in North America alone by 2030.
Second, the company offers a compelling dividend that has a dividend yield of 10.36% as of August 14, 2023. On the other hand, the regulatory environment in Europe is a concern for investors worried that the dividend is not sustainable.
Another aspect of Vodafone for investors to consider is that the company is domiciled in the United Kingdom. When U.S. equities are volatile, it can be helpful to look at foreign stocks. So far, the performance of the MSCI EAFE index has approximated that of the S&P 500 index. That index covers large and mid-cap stocks across 21 developed markets excluding the United States and Canada.
According to the Vodafone analyst ratings on MarketBeat, the stock gets a Hold rating. However, since its last earnings report, VOD stock has received an upgrade from BNP Paribas from Underperform to Neutral.
About Vodafone Group Public
Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.
Read More - Current Price
- $8.74
- Consensus Rating
- Hold
- Ratings Breakdown
- 1 Buy Ratings, 0 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $14.45 (65.3% Upside)
