Berenberg Bank reissued their buy rating on shares of Vodafone Group (LON:VOD) in a research report report published on Thursday, January 9th, ThisIsMoney.Co.Uk reports.
A number of other equities analysts also recently commented on VOD. Morgan Stanley reiterated an overweight rating on shares of Vodafone Group in a report on Monday, November 11th. Barclays lowered their price target on shares of Vodafone Group from GBX 200 ($2.63) to GBX 190 ($2.50) and set an overweight rating on the stock in a report on Monday, December 9th. Kepler Capital Markets reaffirmed a buy rating and issued a GBX 175 ($2.30) price objective on shares of Vodafone Group in a research report on Tuesday, November 12th. Bank of America increased their target price on shares of Vodafone Group from GBX 219 ($2.88) to GBX 230 ($3.03) and gave the company a buy rating in a research report on Thursday, December 12th. Finally, Jefferies Financial Group restated a hold rating and issued a GBX 144 ($1.89) target price on shares of Vodafone Group in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have issued a buy rating to the stock. Vodafone Group presently has a consensus rating of Buy and an average price target of GBX 193.38 ($2.54).
VOD opened at GBX 157.98 ($2.08) on Thursday. Vodafone Group has a 12 month low of GBX 1.69 ($0.02) and a 12 month high of GBX 169.46 ($2.23). The stock has a fifty day moving average price of GBX 149.19 and a 200-day moving average price of GBX 150.27. The firm has a market cap of $42.29 billion and a price-to-earnings ratio of -5.60. The company has a current ratio of 0.99, a quick ratio of 0.93 and a debt-to-equity ratio of 124.73.
The business also recently announced a dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, November 28th will be given a dividend of €0.05 ($0.05) per share. This represents a yield of 2.41%. The ex-dividend date is Thursday, November 28th. This is an increase from Vodafone Group’s previous dividend of $0.04. Vodafone Group’s payout ratio is currently -0.28%.
In other Vodafone Group news, insider Vivek Badrinath sold 162,062 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of GBX 153 ($2.01), for a total transaction of £247,954.86 ($326,170.56).
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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