UBS has revised its price target for Vodafone Group, lowering it to 70 pence from 77 pence while keeping a "Neutral" rating.

This adjustment was made by analyst Polo Tang after reviewing the telecom company's recent quarterly results, which highlighted ongoing challenges in the German market. The findings have confirmed concerns about the slow pace of business recovery in that region.

The updated estimates reflect weaker trends observed in Vodafone's performance, particularly in Germany, suggesting that the expected recovery may take longer than previously anticipated. This adjustment is part of UBS's broader analysis of the telecom sector and its response to Vodafone's latest financial disclosures.