Vodafone Group (LON:VOD) Earns Overweight Rating from Barclays
Barclays reiterated their overweight rating on shares of Vodafone Group (LON:VOD) in a report released on Wednesday morning, Borsen Zeitung reports. Barclays currently has a GBX 190 ($2.50) price target on the cell phone carrier’s stock.
Other research analysts also recently issued research reports about the stock. Berenberg Bank lifted their price objective on shares of Vodafone Group from GBX 175 ($2.30) to GBX 180 ($2.37) and gave the company a buy rating in a research report on Wednesday, January 22nd. Credit Suisse Group reissued an outperform rating on shares of Vodafone Group in a research report on Friday, February 7th. Jefferies Financial Group raised shares of Vodafone Group to a buy rating and lifted their price objective for the company from GBX 144 ($1.89) to GBX 176 ($2.32) in a research report on Friday, February 7th. Goldman Sachs Group set a GBX 190 ($2.50) price objective on shares of Vodafone Group and gave the company a buy rating in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Vodafone Group from GBX 210 ($2.76) to GBX 190 ($2.50) and set a buy rating for the company in a research report on Tuesday, March 10th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of GBX 192.25 ($2.53).
Shares of VOD traded down GBX 3.48 ($0.05) during midday trading on Wednesday, reaching GBX 112.52 ($1.48). The stock had a trading volume of 187,388,845 shares, compared to its average volume of 61,020,000. The firm has a 50 day simple moving average of GBX 138.98 and a 200-day simple moving average of GBX 151.24. Vodafone Group has a one year low of GBX 1.69 ($0.02) and a one year high of GBX 1,602 ($21.07). The firm has a market cap of $30.12 billion and a PE ratio of -3.99. The company has a current ratio of 0.99, a quick ratio of 0.93 and a debt-to-equity ratio of 142.43.
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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