Vodafone Group (LON:VOD) had its price objective reduced by Credit Suisse Group from GBX 210 ($2.74) to GBX 190 ($2.48) in a report released on Wednesday morning, ThisIsMoney.Co.Uk reports. They currently have an outperform rating on the cell phone carrier’s stock.
VOD has been the subject of a number of other reports. UBS Group reaffirmed a buy rating and issued a GBX 230 ($3.01) price objective (down from GBX 230 ($3.01)) on shares of Vodafone Group in a research note on Thursday, January 17th. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 209 ($2.73) target price on shares of Vodafone Group in a report on Monday. Royal Bank of Canada reissued an underperform rating and issued a GBX 125 ($1.63) target price on shares of Vodafone Group in a report on Wednesday, January 23rd. Citigroup reaffirmed a buy rating and set a GBX 180 ($2.35) price objective on shares of Vodafone Group in a research note on Tuesday, May 7th. Finally, Berenberg Bank set a GBX 243 ($3.18) price objective on Vodafone Group and gave the company a buy rating in a research note on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of Buy and a consensus target price of GBX 186.61 ($2.44).
Shares of LON VOD traded down GBX 1.22 ($0.02) during trading on Wednesday, reaching GBX 124.78 ($1.63). The stock had a trading volume of 61,659,472 shares, compared to its average volume of 61,020,000. Vodafone Group has a fifty-two week low of GBX 131 ($1.71) and a fifty-two week high of GBX 211.55 ($2.76). The company has a current ratio of 1.30, a quick ratio of 1.28 and a debt-to-equity ratio of 81.54. The stock has a market capitalization of $33.45 billion and a PE ratio of -4.42.
The business also recently disclosed a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, June 6th will be paid a dividend of €0.04 ($0.05) per share. This represents a yield of 3.6%. The ex-dividend date of this dividend is Thursday, June 6th. Vodafone Group’s dividend payout ratio is presently -0.46%.
In related news, insider David Thomas Nish acquired 20,000 shares of Vodafone Group stock in a transaction on Wednesday, March 6th. The stock was purchased at an average cost of GBX 132 ($1.72) per share, with a total value of £26,400 ($34,496.28).
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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