Jefferies initiates coverage of Vodafone Idea with Buy rating
Jefferies initiated coverage of Vodafone Idea with a Buy rating, citing subscriber stabilisation, strong operating leverage, and tariff hikes it says could lift the stock toward Rs.36, implying 132% upside.
Jefferies, in its latest note, said it is optimistic about Vodafone Idea’s potential recovery. It pointed to subscriber stabilisation, strong operating leverage and tariff hikes, and said these could take the stock back to levels not seen since July 2018. New Delhi, Sept. 9 -- The note was issued by global brokerage firm Jefferies.