Here are the latest share price forecasts for BT, Vodafone, and Airtel Africa

UK-listed telecoms shares have delivered large returns in 2025. It appears this sector has benefitted from a rotation into European worth shares. Can these shares proceed to carry out over the following 12 months? Let’s check out analysts’ share worth forecasts for BT (LSE: BT.A), Vodafone (LSE: VOD), and Airtel Africa (LSE: AAF) to see what they’re predicting.

BT

Beginning with BT, the typical analyst worth goal right here is 200p. That’s truly 4% beneath the present share worth.

In different phrases, the consensus view is that there’s little scope for beneficial properties from right here. Analysts do forecast a 4% dividend yield over the following 12 months although.

Personally, I agree that there’s not a lot potential for capital beneficial properties with BT. For a begin, it’s had an enormous run, climbing about 40% this 12 months.

Secondly, the present price-to-earnings (P/E) ratio of 11.5 appears about proper to me. Provided that BT’s producing minimal progress and has an enormous debt pile (a giant danger), I can’t see the inventory commanding a considerably greater valuation.

Now, it’s price stating BT is speaking about utilizing AI to extend effectivity. This might create extra potential.

For now although, I see it as absolutely valued. Due to this fact, I don’t view it as a Purchase to contemplate immediately.

Airtel Africa

Zooming in on Airtel Africa, it makes BT appear to be a slouch. It’s up about 75% for the 12 months.

It appears analysts consider the inventory has acquired a bit forward of itself, nonetheless. At present, the consensus worth goal is 186p – 11% beneath immediately’s share worth of 208p.

Whereas a pullback here’s a chance, I just like the look of this telecoms inventory. That’s as a result of it operates in progress markets and is producing enticing income and earnings progress at current.

This monetary 12 months (ending 31 March 2026), income is anticipated to return in at $5.8bn, up 18% 12 months on 12 months. There are usually not many telecoms companies producing that form of top-line progress.

Wanting on the P/E ratio, the inventory does look a bit of dear on a a number of of 19. However with earnings forecast to develop quickly within the years forward, it ought to be capable of develop into its valuation (the P/E ratio utilizing subsequent 12 months’s earnings forecast is just 13).

After all, African economies will be considerably extra risky than developed markets so it is a danger. Taking a long-term view, nonetheless, I believe the inventory is price contemplating.

Vodafone

Lastly, turning to Vodafone, the typical worth goal right here is 87p. That’s about 5% above the present share worth.

Now, I’ve been fairly bearish on Vodafone in recent times. However wanting on the inventory immediately, I’m rather less bearish than I used to be.

One factor that jumps out at me right here is that subsequent monetary 12 months (beginning in April), analysts count on Vodafone’s earnings per share to leap 17% to €9.70. That’s a major degree of progress and it might generate some curiosity within the inventory.

One other factor price mentioning is that the inventory has lagged different telecoms shares not too long ago (it’s solely up about 20% this 12 months). So, it might have some catching as much as do.

That mentioned, the valuation does look fairly full immediately (the P/E ratio is 11.4.). And a big debt pile provides danger.

So, whereas the inventory might be price contemplating, I believe there are higher UK shares on the market.