Vodafone Group (LON:VOD) Rating Reiterated by Barclays
Vodafone Group (LON:VOD)‘s stock had its “overweight” rating reiterated by equities researchers at Barclays in a note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 200 ($2.61) price target on the cell phone carrier’s stock. Barclays‘s price target suggests a potential upside of 29.37% from the company’s previous close.
Other research analysts also recently issued reports about the company. Berenberg Bank dropped their target price on Vodafone Group from GBX 180 ($2.35) to GBX 175 ($2.29) and set a “buy” rating on the stock in a research note on Wednesday, October 9th. HSBC set a GBX 190 ($2.48) target price on Vodafone Group and gave the stock a “buy” rating in a research note on Thursday, September 19th. UBS Group restated a “buy” rating and set a GBX 200 ($2.61) target price (down from GBX 207 ($2.70)) on shares of Vodafone Group in a research note on Friday, November 8th. Citigroup restated a “buy” rating and set a GBX 185 ($2.42) target price on shares of Vodafone Group in a research note on Thursday, November 7th. Finally, Deutsche Bank restated a “buy” rating and set a GBX 240 ($3.14) target price on shares of Vodafone Group in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 191.18 ($2.50).
VOD stock traded down GBX 4.98 ($0.07) on Wednesday, hitting GBX 154.60 ($2.02). 140,356,913 shares of the company’s stock were exchanged, compared to its average volume of 61,020,000. Vodafone Group has a 12-month low of GBX 122.22 ($1.60) and a 12-month high of GBX 171.78 ($2.24). The firm has a 50 day moving average price of GBX 160.47 and a two-hundred day moving average price of GBX 144.75. The company has a debt-to-equity ratio of 90.23, a quick ratio of 1.39 and a current ratio of 1.55. The stock has a market cap of $41.48 billion and a P/E ratio of -5.48.
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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