Barclays Reiterates “Overweight” Rating for Vodafone Group (LON:VOD)

Barclays restated their overweight rating on shares of Vodafone Group (LON:VOD) in a research note published on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a GBX 190 ($2.50) price objective on the cell phone carrier’s stock.

Other analysts have also recently issued reports about the company. Goldman Sachs Group started coverage on Vodafone Group in a research report on Thursday, January 16th. They issued a buy rating and a GBX 190 ($2.50) target price for the company. Bank of America upped their target price on 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. Macquarie upped their target price on Vodafone Group from GBX 170 ($2.24) to GBX 175 ($2.30) and gave the company an outperform rating in a research report on Friday, October 18th. Kepler Capital Markets reissued a buy rating and issued a GBX 175 ($2.30) target price on shares of Vodafone Group in a research report on Tuesday, November 12th. Finally, Deutsche Bank decreased their target price on Vodafone Group from GBX 240 ($3.16) to GBX 233 ($3.06) and set a buy rating for the company in a research report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of GBX 195.13 ($2.57).

Shares of LON:VOD traded down GBX 4.26 ($0.06) on Tuesday, hitting GBX 146.98 ($1.93). 98,082,322 shares of the company’s stock were exchanged, compared to its average volume of 61,020,000. The firm’s 50-day moving average is GBX 151.55 and its 200 day moving average is GBX 152.58. The company has a market capitalization of $40.73 billion and a PE ratio of -5.21. Vodafone Group has a 1-year low of GBX 1.69 ($0.02) and a 1-year high of GBX 185.05 ($2.43). The company has a debt-to-equity ratio of 124.73, a quick ratio of 0.93 and a current ratio of 0.99.

The company also recently announced a dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, November 28th will be given a €0.05 ($0.05) dividend. The ex-dividend date is Thursday, November 28th. This is a boost from Vodafone Group’s previous dividend of $0.04. This represents a dividend yield of 2.41%. Vodafone Group’s dividend payout ratio is -0.28%.

In related news, insider Vivek Badrinath sold 162,062 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of GBX 153 ($2.01), for a total value of £247,954.86 ($326,170.56).

About Vodafone Group

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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