Vodafone Group (LON:VOD) had its target price cut by Deutsche Bank from GBX 240 ($3.16) to GBX 233 ($3.06) in a report released on Tuesday morning, Borsen Zeitung reports. They currently have a buy rating on the cell phone carrier’s stock.
Several other research analysts have also recently weighed in on VOD. JPMorgan Chase & Co. reduced their price target on shares of Vodafone Group from GBX 220 ($2.89) to GBX 215 ($2.83) and set an overweight rating for the company in a report on Tuesday, January 14th. Bank of America upped 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 report on Thursday, December 12th. Goldman Sachs Group initiated coverage on shares of Vodafone Group in a report on Thursday, January 16th. They issued a buy rating and a GBX 190 ($2.50) price target for the company. Morgan Stanley reiterated a top pick rating on shares of Vodafone Group in a report on Thursday, January 16th. Finally, Kepler Capital Markets reiterated a buy rating and issued a GBX 175 ($2.30) price target on shares of Vodafone Group in a report on Tuesday, November 12th. One research 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’s stock. The stock presently has a consensus rating of Buy and a consensus target price of GBX 193.06 ($2.54).
Vodafone Group stock opened at GBX 156.55 ($2.06) on Tuesday. The stock has a market capitalization of $41.28 billion and a PE ratio of -5.55. Vodafone Group has a twelve month low of GBX 1.69 ($0.02) and a twelve month high of GBX 169.46 ($2.23). The company has a quick ratio of 0.93, a current ratio of 0.99 and a debt-to-equity ratio of 124.73. The company has a 50 day moving average of GBX 149.60 and a 200-day moving average of GBX 151.35.
The firm also recently disclosed a dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, November 28th will be given a €0.05 ($0.05) dividend. This represents a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, November 28th. This is a positive change from Vodafone Group’s previous dividend of $0.04. Vodafone Group’s payout ratio is currently -0.28%.
In other news, insider Vivek Badrinath sold 162,062 shares of the business’s stock in a transaction on Monday, November 18th. The shares were 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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