After solid half-year earnings and rumours of merger and acquisition (M&A) deals, the question on investors’ lips will be whether the Vodafone (VOD.L) share price can carry this momentum going into the company’s upcoming earnings release.
The company is expected to report its third-quarter 2022 trading update on 2 February. Ahead of the announcement, the Vodafone share price closed at 130.48p on 31 January, up 13% since the start of the year.
Can new deals lift the Vodafone share price?
The Vodafone share price trended downwards in the second half of 2021, but has recently recovered much of those losses. At the close on 31 January, the stock was up around 3% from a year ago, though it currently sits around 8% lower than the 52-week high of 142.74p it reached in May.
Speculation that Vodafone will buy Three UK from Hong Kong-listed conglomerate CK Hutchison (0001.HK) – first reported on 22 January – gave the stock a boost. When markets opened on 24 January, the Vodafone share price reached an intraday high of 125.24p – its…
