Vodafone Group (VOD) Earns “Overweight” Rating from JPMorgan Chase & Co.
JPMorgan Chase & Co. reissued their overweight rating on shares of Vodafone Group (LON:VOD) in a report released on Wednesday morning, MarketBeat Ratings reports. They currently have a GBX 240 ($3.14) price objective on the cell phone carrier’s stock, down from their prior price objective of GBX 280 ($3.66).
A number of other research analysts also recently issued reports on VOD. Barclays reduced their price objective on shares of Vodafone Group from GBX 260 ($3.40) to GBX 250 ($3.27) and set an overweight rating on the stock in a research report on Wednesday, July 11th. Kepler Capital Markets initiated coverage on shares of Vodafone Group in a research report on Wednesday, July 11th. They set a reduce rating and a GBX 180 ($2.35) price objective on the stock. Credit Suisse Group set a GBX 235 ($3.07) price objective on shares of Vodafone Group and gave the company a buy rating in a research report on Monday, July 16th. Deutsche Bank reduced their price objective on shares of Vodafone Group from GBX 280 ($3.66) to GBX 275 ($3.59) and set a buy rating on the stock in a research report on Tuesday, July 17th. Finally, Sanford C. Bernstein set a GBX 220 ($2.87) price objective on shares of Vodafone Group and gave the company a neutral rating in a research report on Tuesday, July 17th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of GBX 222.62 ($2.91).
Vodafone Group stock traded down GBX 3.16 ($0.04) during mid-day trading on Wednesday, reaching GBX 143.92 ($1.88). 74,277,525 shares of the company traded hands, compared to its average volume of 61,020,000. Vodafone Group has a 52-week low of GBX 197.45 ($2.58) and a 52-week high of GBX 239.65 ($3.13).
About Vodafone Group
Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.
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