Barclays reissued their overweight rating on shares of Vodafone Group (LON:VOD) in a research note published on Thursday, Borsen Zeitung reports. They currently have a GBX 190 ($2.50) price objective on the cell phone carrier’s stock.
VOD has been the subject of a number of other reports. Credit Suisse Group set a GBX 190 ($2.50) price target on shares of Vodafone Group and gave the company a buy rating in a research report on Friday, November 22nd. Bank of America boosted their price target 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. Citigroup restated a buy rating and set a GBX 185 ($2.43) price target on shares of Vodafone Group in a research report on Tuesday, January 7th. Deutsche Bank restated a buy rating and set a GBX 240 ($3.16) price target on shares of Vodafone Group in a research report on Tuesday, December 17th. Finally, UBS Group restated a buy rating and set a GBX 200 ($2.63) price target on shares of Vodafone Group in a research report on Thursday. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of GBX 193.18 ($2.54).
Vodafone Group stock traded down GBX 1.30 ($0.02) during mid-day trading on Thursday, reaching GBX 154.38 ($2.03). The company’s stock had a trading volume of 49,367,495 shares, compared to its average volume of 61,020,000. The firm’s fifty day moving average price is GBX 149.11 and its two-hundred day moving average price is GBX 150.55. The company has a market capitalization of $41.33 billion and a P/E ratio of -5.47. The company has a debt-to-equity ratio of 124.73, a quick ratio of 0.93 and a current ratio of 0.99. 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 business also recently disclosed a dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, November 28th will be issued a dividend of €0.05 ($0.05) per share. This is an increase from Vodafone Group’s previous dividend of $0.04. This represents a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, November 28th. Vodafone Group’s payout ratio is currently -0.28%.
In other news, insider Vivek Badrinath sold 162,062 shares of Vodafone Group stock in a transaction 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.
Further Reading: Risk Tolerance
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