Vodafone Group (VOD) Upgraded by Macquarie to Outperform
Macquarie upgraded shares of Vodafone Group (LON:VOD) to an outperform rating in a research report released on Thursday morning. The brokerage currently has GBX 170 ($2.22) target price on the cell phone carrier’s stock, up from their prior target price of GBX 125 ($1.63).
A number of other analysts have also recently issued reports on the stock. Deutsche Bank reissued a buy rating on shares of Vodafone Group in a research note on Friday, January 11th. UBS Group reaffirmed a buy rating and set a GBX 215 ($2.81) target price (down from GBX 230 ($3.01)) on shares of Vodafone Group in a research note on Friday, February 8th. Credit Suisse Group set a GBX 225 ($2.94) target price on shares of Vodafone Group and gave the company a buy rating in a research note on Wednesday, January 23rd. Citigroup reaffirmed a buy rating on shares of Vodafone Group in a research note on Monday, February 4th. Finally, JPMorgan Chase & Co. cut their target price on shares of Vodafone Group from GBX 230 ($3.01) to GBX 227 ($2.97) and set an overweight rating for the company in a research note on Monday, March 11th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of GBX 199.42 ($2.61).
Shares of LON VOD opened at GBX 144.26 ($1.89) on Thursday. The company has a debt-to-equity ratio of 81.54, a current ratio of 1.30 and a quick ratio of 1.28. The firm has a market capitalization of $39.51 billion and a PE ratio of -5.12. Vodafone Group has a 1 year low of GBX 131 ($1.71) and a 1 year high of GBX 214.60 ($2.80).
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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