Berenberg Bank Upgrades Vodafone Group Public (LON:VOD) to Buy

Vodafone Group Public (LON:VOD – Get Free Report) was upgraded by Berenberg Bank to a “buy” rating in a note issued to investors on Friday, Marketbeat.com reports. The brokerage presently has a GBX 140 price target on the cell phone carrier’s stock, up from their previous price target of GBX 123. Berenberg Bank’s price objective points to a potential upside of 10.41% from the company’s previous close.

Vodafone Group Public Stock Performance

Vodafone Group Public stock opened at GBX 126.80 on Friday. The company has a debt-to-equity ratio of 103.96, a current ratio of 1.07 and a quick ratio of 0.78. The firm has a market capitalization of £29.35 billion, a P/E ratio of -76.85, a price-to-earnings-growth ratio of 0.59 and a beta of 0.33. Vodafone Group Public has a 1-year low of GBX 83.40 and a 1-year high of GBX 132.07. The company’s 50-day moving average is GBX 122.26 and its 200 day moving average is GBX 115.38.

Insiders Place Their Bets

In other Vodafone Group Public news, insider Jean-François Van Boxmeer acquired 22,076 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average price of GBX 122 per share, for a total transaction of £26,932.72. Also, insider Stephen A. Carter acquired 2,961 shares of the business’s stock in a transaction on Friday, July 31st. The stock was acquired at an average cost of GBX 118 per share, for a total transaction of £3,493.98. Insiders bought a total of 25,904 shares of company stock valued at $3,147,577 over the last quarter. 0.48% of the stock is currently owned by insiders.

Vodafone Group Public Company Profile

(Get Free Report)

Vodafone is a leading European and African telecoms company.
We serve around 370 million mobile and broadband customers, operating networks in 15 countries with investments in a further four and partners in over 40 more. We have capacity on more than 70 subsea cable systems – the backbone of the internet – and we are developing a new direct-to-mobile satellite communications service to connect areas without coverage. Vodafone runs one of the world’s largest IoT platforms, with over 240 million IoT connections globally, and we provide financial services to around 103 million customers across seven African countries – managing more transactions than any other provider.
From the seabed to the stars, Vodafone’s purpose is to keep everyone connected.

Further Reading

Analyst Recommendations for Vodafone Group Public (LON:VOD)

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