Vodafone Group (VOD) Upgraded to Overweight by Barclays
Barclays upgraded shares of Vodafone Group (LON:VOD) to an overweight rating in a research note published on Friday. Barclays currently has GBX 280 ($3.77) price objective on the cell phone carrier’s stock, up from their prior price objective of GBX 230 ($3.10).
Several other equities analysts have also weighed in on the company. Deutsche Bank restated a buy rating and set a GBX 300 ($4.04) target price on shares of Vodafone Group in a report on Tuesday, September 12th. Macquarie restated an underperform rating on shares of Vodafone Group in a report on Monday, September 4th. Goldman Sachs Group restated a buy rating and set a GBX 285 ($3.84) target price on shares of Vodafone Group in a report on Tuesday, September 12th. Numis Securities restated an add rating and set a GBX 250 ($3.36) target price on shares of Vodafone Group in a report on Tuesday, September 19th. Finally, J P Morgan Chase & Co raised their target price on Vodafone Group from GBX 275 ($3.70) to GBX 300 ($4.04) and gave the company an overweight rating in a report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Vodafone Group presently has an average rating of Buy and a consensus target price of GBX 248.83 ($3.35).
Shares of Vodafone Group (LON:VOD) opened at GBX 230.87 ($3.11) on Friday. Vodafone Group has a 1-year low of GBX 186.50 ($2.51) and a 1-year high of GBX 233.90 ($3.15).
About Vodafone Group
Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.
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