Vodafone Group Public (LON:VOD) Sets New 12-Month High – Still a Buy?

Vodafone Group Public Limited (LON:VOD) shares reached a new 52-week high on Wednesday . The stock traded as high as GBX 79.92 ($1.09) and last traded at GBX 79.05 ($1.08), with a volume of 80432500 shares traded. The stock had previously closed at GBX 77.78 ($1.06).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank initiated coverage on Vodafone Group Public in a research report on Wednesday, June 25th. They set a “hold” rating and a GBX 80 ($1.09) target price for the company.

Vodafone Group Public Trading Up 0.3%

The company’s fifty day moving average is GBX 74.55 and its 200-day moving average is GBX 70.89. The company has a current ratio of 1.37, a quick ratio of 0.78 and a debt-to-equity ratio of 96.88. The firm has a market capitalization of £23.89 billion, a P/E ratio of 35.85, a P/E/G ratio of 0.59 and a beta of 0.54.

Insiders Place Their Bets

In other Vodafone Group Public news, insider Luka Mucic acquired 356,000 shares of the company’s stock in a transaction dated Tuesday, May 20th. The shares were acquired at an average cost of GBX 72 ($0.98) per share, for a total transaction of £256,320 ($349,924.91). Also, insider Margherita D. Valle acquired 251,374 shares of the business’s stock in a transaction that occurred on Wednesday, June 25th. The shares were acquired at an average cost of GBX 77 ($1.05) per share, with a total value of £193,557.98 ($264,242.98). 5.90% of the stock is owned by insiders.

About Vodafone Group Public

Vodafone is a leading European and African telecoms company. We provide mobile and fixed services to over 340 million customers in 15 countries, partner with mobile networks in over 40 more and have one of the world’s largest IoT platforms. In Africa, our financial technology businesses serve almost 88 million customers across seven countries – managing more transactions than any other provider.

Our purpose is to connect for a better future by using technology to improve lives, businesses and help progress inclusive sustainable societies.