Vodafone steady as Takeover Talk Swirls, Barclays Cuts Rating
Vodafone shares edged up 0.22% to 113.05 GBX in London on Thursday after Barclays downgraded the stock to “equal weight” and cut its price target to 110p. Vodafone’s UK unit is bidding for TalkTalk’s consumer business, which serves about 1.75 million customers. Vodafone also signed heads of terms for a possible fibre joint venture in Greece with PPC.