Vodafone Group is a better way to invest in the performance of Verizon Wireless than Verizon Communications is, with a cheaper price and a larger dividend, Barron's said in its latest issue.

Barron's said Vodafone shares could provide a 35 percent annual total return over the next two years, including dividends.

The publication also quoted investors saying Vodafone deserved a higher valuation because of its emerging-market exposure and better asset mix.