Vodafone Group (LON:VOD) Receives “Buy” Rating from UBS Group
UBS Group reissued their buy rating on shares of Vodafone Group (LON:VOD) in a research report sent to investors on Wednesday, Borsen Zeitung reports. They currently have a GBX 200 ($2.63) price target on the cell phone carrier’s stock.
A number of other research firms have also weighed in on VOD. Bank of America boosted their target price on Vodafone Group from GBX 219 ($2.88) to GBX 230 ($3.03) and gave the company a buy rating in a research note on Thursday, December 12th. HSBC raised Vodafone Group to a buy rating and lowered their target price for the company from GBX 190 ($2.50) to GBX 185 ($2.43) in a research note on Friday, February 7th. Deutsche Bank reaffirmed a buy rating and set a GBX 233 ($3.06) price target on shares of Vodafone Group in a research report on Thursday, February 6th. Morgan Stanley set a GBX 215 ($2.83) price target on Vodafone Group and gave the company a buy rating in a research report on Tuesday, February 4th. Finally, Goldman Sachs Group set a GBX 190 ($2.50) price target on Vodafone Group and gave the company a buy rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Vodafone Group currently has a consensus rating of Buy and a consensus price target of GBX 194.63 ($2.56).
Shares of LON VOD traded down GBX 0.88 ($0.01) during midday trading on Wednesday, reaching GBX 151.76 ($2.00). The company had a trading volume of 33,011,989 shares, compared to its average volume of 61,020,000. Vodafone Group has a one year low of GBX 1.69 ($0.02) and a one year high of GBX 185.05 ($2.43). The company has a quick ratio of 0.93, a current ratio of 0.99 and a debt-to-equity ratio of 142.43. The firm’s fifty day moving average price is GBX 151.71 and its 200-day moving average price is GBX 153.58. The stock has a market cap of $40.63 billion and a PE ratio of -5.38.
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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