Vodafone Group (NASDAQ:VOD) Merging Its Subsidiary In India with Idea Cellular- Vivint Solar (NYSE:VSLR)

Vodafone Group Plc (NASDAQ:VOD) [Trend Analysis] shows fluctuation in active trade,  shares knocked up 0.64% to $26.55.  Vodafone Plc (VOD) said Monday that it is merging its subsidiary in India with Idea Cellular (ICLQY) that will create the country’s biggest telecoms operator with over 400 million consumers.

The deal puts the two operators with a combined enterprise value of $23.3 billion and completes talks that were confirmed by Vodafone in late January. Vodafone will own 45.1% of the combined company, the company said in a statement, after transferring a stake of 4.9% to the Aditya Birla Group for around $579 million.

“The combination of Vodafone India and Idea will create a new champion of Digital India founded with a long-term commitment and vision to bring world-class 4G networks to villages, towns and cities across India,” said CEO Vittori Colao.

Analyst’s ratings play a vital role in defining a stock’s performance for the day. Let us check out how WSJ analysts have ranked VOD for quarterly and monthly. For recent position, 14 analysts have ranked the VOD with Buy ratings while 1 ranked overweight. The co for the one-month period was ranked overweight by 1 analyst. Looking over the last month situation it was ranked as “Buy” by 15 analysts. While, overall the consensus rank was for Overweight.

The 52-week high of the share price is -19.27% and 52-week low of the share price is 9.85%. Current stock price is in the upbeat territory taking into account of 20 days moving average with 4.54% and continued bullish run for 50 days moving average with 4.58%.

To take look on ration of tradable shares being shorted in market, float short ration was 0.48%, as compared to sentiment indicator; Short Ratio was 2.23. Taking notice in average true range, it was 0.30.

Vivint Solar, Inc. (NYSE:VSLR) [Trend Analysis] tries to capture market sentiments, shares knocked up remains unchanged to $2.75. The stock got a shaky start early morning on analyst’s remarks. Following the EPS trend, pool of analysts gave current quarter Per-Share Earnings estimates trends of $-0.41 for the VSLR while maintaining high price target of 6 and average of 4.61, as declared by WSJ.

For the next year first quarter, analysts predicted EPS estimates trend of $-0.37 which would leave an impact on the stock performance in coming months. In the ratings chart, 1 analyst gave ratings of underweight for the previous quarter while 1 gave underweight for current period. In addition, for the current month 3 analysts gave ratings for hold as compared to last month 2 analysts stood in same position. The overall pool of consensus ranking was for Overweight in current month as it was Overweight security in previous month.

When calculating EPS estimates for the current year from sell-side analysts, the Price to current year EPS stands at 34.20%. Investors looking further ahead will note that the Price to next year’s EPS is 3.90%. (What Market Forces Produce Volatility in NYSE:VSLR Share? Find Free Report Here)

As for as concerns shares volumes, in share of capital Vivint Solar, Inc. (NYSE:VSLR) has 110.25 million outstanding shares among them 106.41 million shares have been floated in market exchange. VSLR institutional ownership remained 94.80% while insider ownership included 1.20%. The firm attains analyst recommendation of 2.30 with week’s performance of -1.79%

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Roger Valet

A Seneca Globe News writer since 2013, Roger Valet covers Wall Street and stock market news. In the past Roger covered the real estate market and then moved on to cover corporate management. You can reach Mr. Roger at roger.valet@senecaglobe.com

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