In a report released today, Kevin Dede from H.C. Wainwright maintained a Buy rating on Vodafone (NASDAQ: VOD). The company’s shares closed on Friday at $24.74, close to its 52-week low of $24.54.
Dede commented:
“We think there are a number of potential business model scenarios that evolve from WISeKey’s solution: (1) license of tech platform and sale of physical chips; and (2) license of the ID tech platform, to name two. We have yet to see an universally adopted RFID (radio frequency identification) technology emerge, and while NFC operates efficiently and effectively well in close (short distance—it is the same technology that powers Apple (AAPL; not rated) Pay in iPhones) chip-reading applications, as we view it, NFC may not be the optimal choice in longer distance reading situations (e.g., reading pallet tags as they are shuttled in and out of a warehouse door).”
According to TipRanks.com, Dede has currently no stars on a ranking scale of 0-5 stars, with an average return of -10.6% and a 33.8% success rate. Dede covers the Consumer Goods sector, focusing on stocks such as Top Image Systems, Microvision, and SuperCom.
Vodafone has an analyst consensus of Moderate Buy.
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The company has a one-year high of $32.75 and a one-year low of $24.54. Currently, Vodafone has an average volume of 3.72M.
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Vodafone Group Plc engages in the provision of telecommunications services. It operates through the following geographical segments: Germany, Italy, United Kingdom, Spain, and Other Europe. The firm focuses on small and medium sized enterprises; large and multinational corporates; and carrier services.
