JPMorgan Chase & Co. Reaffirms Overweight Rating for Vodafone Group (LON:VOD)
JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Vodafone Group (LON:VOD) in a research report released on Friday, Borsen Zeitung reports. They currently have a GBX 180 ($2.22) price target on the cell phone carrier’s stock.
A number of other brokerages have also issued reports on VOD. Goldman Sachs Group set a GBX 155 ($1.91) target price on shares of Vodafone Group and gave the company a buy rating in a research note on Thursday, June 25th. UBS Group set a GBX 190 ($2.34) target price on shares of Vodafone Group and gave the company a buy rating in a research note on Thursday, June 11th. Jefferies Financial Group upped their price objective on shares of Vodafone Group from GBX 148 ($1.82) to GBX 159 ($1.96) and gave the stock a buy rating in a research note on Monday, June 8th. DZ Bank raised shares of Vodafone Group from a hold rating to a buy rating and lowered their price objective for the stock from GBX 160 ($1.97) to GBX 150 ($1.85) in a research note on Wednesday, May 13th. Finally, Citigroup reaffirmed a buy rating on shares of Vodafone Group in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of Buy and an average target price of GBX 176.56 ($2.17).
LON VOD opened at GBX 127.80 ($1.57) on Friday. The company has a quick ratio of 0.84, a current ratio of 1.02 and a debt-to-equity ratio of 129.88. The company has a fifty day moving average of GBX 127.87 and a two-hundred day moving average of GBX 133.12. The firm has a market capitalization of $33.53 billion and a price-to-earnings ratio of -4.44. Vodafone Group has a 52 week low of GBX 0.99 ($0.01) and a 52 week high of GBX 1,602 ($19.71).
Vodafone Group Company Profile
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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