Vodafone share price: Company shows improvement in mobile performance

on Jul 29, 2015
Updated: Oct 21, 2019
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Vodafone Group Plc (LON:VOD) has been ranked third among the UK’s mobile carriers in an independent report covering the first six months of 2015. The study conducted by researcher RootMetrics assesses the four carriers networks based on a number of criteria including overall performance, network reliability, network speed, mobile Internet performance, call performance and text performance. Just like last year, EE claimed the title as best network, topping each of the six categories. In terms of overall performance, EE achieved a score of 89.4 and was closely followed by Three with 84.7. In comparison, Vodafone scored 74.5, which kept the carrier narrowly ahead of O2.

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While Vodafone continued to trail the standout performers, the RootMetrics report found that the company “still showed signs of improvement that could bode well for consumers moving forward”. The research firm noted that the Newbury-based mobile giant had been investing heavily in networks upgrades and added that “those changes seem to be making an impact”. The tests showed that Vodafone had improvedin both the speed and overall performance categories. Compared with last year, the company leapfrogged Three to finish second in speed and surpassed O2 in overall performance.

“All told, while Vodafone currently trails, continued 4G rollouts and network investments will likely make Vodafone an operator to watch out for,” RootMetrics said in the report.
To compile the study of network performance, RootMetrics covered 24,000 miles and took 1.1 million samples across the UK.
In today’s trading, Vodafone shares were up 2.4 percent at 241.04p, as of 15:11 BST. The company’s stock has risen 8.2 percent since the start of the year and its market capitalisation currently stands at £63.9 billion.
The 23 analysts offering 12 month price targets for Vodafone have a median target of 250.00p, with a high estimate of 300.00p and a low estimate of 130.00p.
As of 16:07 BST, Wednesday, 29 July, Vodafone Group plc share price is 241.55p.

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