Analysts Berenberg wrote in a report that Vodafone will be able to obtain better profitability in the next few years and upgrade the British Telecom Group's stock rating from holding to buying. Berenberg said it is increasingly convinced that Vodafone can operate well in core markets such as Germany and the UK, and points out the company's efficient capital management. “Vodafone can now achieve sustainable free cash flow and dividend growth over the next few years,” the brokerage said and raised its price target for the share to £1.19.

Analysts Berenberg wrote in a report that Vodafone will be able to obtain better profitability in the next few years and upgrade the British Telecom Group's stock rating from holding to buying. Berenberg said it is increasingly convinced that Vodafone can operate well in core markets such as Germany and the UK, and points out the company's efficient capital management. “Vodafone can now achieve sustainable free cash flow and dividend growth over the next few years,” the brokerage said and raised its price target for the share to £1.19.