Vodafone Group (VOD) Receives “Hold” Rating from HSBC
Vodafone Group (LON:VOD)‘s stock had its “hold” rating reissued by research analysts at HSBC in a note issued to investors on Monday. They presently have a GBX 230 ($3.18) target price on the cell phone carrier’s stock. HSBC’s target price indicates a potential upside of 12.75% from the stock’s previous close.
A number of other research analysts have also commented on the company. JPMorgan Chase & Co. increased their price objective on Vodafone Group from GBX 275 ($3.80) to GBX 300 ($4.14) and gave the company an “overweight” rating in a research report on Wednesday, November 15th. Barclays reiterated an “overweight” rating and issued a GBX 280 ($3.87) price objective on shares of Vodafone Group in a research report on Monday, December 18th. Deutsche Bank reiterated a “buy” rating and issued a GBX 300 ($4.14) price objective on shares of Vodafone Group in a research report on Friday, November 10th. Goldman Sachs Group reiterated a “buy” rating and issued a GBX 300 ($4.14) price objective on shares of Vodafone Group in a research report on Monday, November 13th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a GBX 175 ($2.42) price objective on shares of Vodafone Group in a research report on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. Vodafone Group presently has a consensus rating of “Buy” and an average target price of GBX 255.60 ($3.53).
Vodafone Group (VOD) opened at GBX 204 ($2.82) on Monday. The company has a market capitalization of $54,420.00 and a price-to-earnings ratio of -6,800.00. Vodafone Group has a 12-month low of GBX 196.35 ($2.71) and a 12-month high of GBX 239.65 ($3.31).
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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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