Macquarie Reiterates “Underperform” Rating for Vodafone Group (VOD)

Macquarie reiterated their underperform rating on shares of Vodafone Group (LON:VOD) in a research note issued to investors on Wednesday. They currently have a GBX 125 ($1.63) target price on the cell phone carrier’s stock.

VOD has been the subject of several other research reports. Sanford C. Bernstein set a GBX 215 ($2.81) target price on shares of Vodafone Group and gave the company a buy rating in a research note on Tuesday, November 13th. Cfra set a GBX 200 ($2.61) target price on Vodafone Group and gave the company a buy rating in a report on Tuesday, November 13th. HSBC set a GBX 180 ($2.35) target price on Vodafone Group and gave the company a neutral rating in a report on Friday, November 16th. UBS Group set a GBX 230 ($3.01) target price on Vodafone Group and gave the company a buy rating in a report on Thursday, December 13th. Finally, Royal Bank of Canada set a GBX 260 ($3.40) target price on Vodafone Group and gave the company a buy rating in a report on Friday, December 14th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of GBX 209.45 ($2.74).

Shares of VOD stock opened at GBX 152.84 ($2.00) on Wednesday. Vodafone Group has a twelve month low of GBX 197.45 ($2.58) and a twelve month high of GBX 239.65 ($3.13).

The firm also recently disclosed a dividend, which will be paid on Friday, February 1st. Investors of record on Thursday, November 22nd will be paid a €0.05 ($0.06) dividend. This represents a yield of 2.93%. The ex-dividend date of this dividend is Thursday, November 22nd.

In related news, insider Margherita D. Valle sold 103,468 shares of the stock in a transaction dated Monday, November 19th. The stock was sold at an average price of GBX 156 ($2.04), for a total value of £161,410.08 ($210,910.86). Also, insider Maria Amparo Moraleda Martinez acquired 1,570 shares of Vodafone Group stock in a transaction that occurred on Monday, November 26th. The stock was acquired at an average cost of GBX 158 ($2.06) per share, with a total value of £2,480.60 ($3,241.34).

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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Analyst Recommendations for Vodafone Group (LON:VOD)

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