Vodafone Sees Unusually High Options Volume (VOD)
Vodafone (NYSE:VOD) saw some unusual options trading activity on Friday. Stock investors purchased 8,564 put options on the company, Analyst Ratings Network.com reports. This is an increase of 260% compared to the typical volume of 2,376 put options.
VOD has been the subject of a number of recent research reports. Analysts at Evercore Partners upgraded shares of Vodafone (NYSE:VOD) from an “equal weight” rating to an “overweight” rating in a research note to investors on Friday. Separately, analysts at Santander reiterated a “hold” rating on shares of Vodafone (NYSE:VOD) in a research note to investors on Friday, September 6th. They now have a $190.00 price target on the stock. Finally, analysts at Societe Generale reiterated a “sell” rating on shares of Vodafone (NYSE:VOD) in a research note to investors on Tuesday, September 3rd. They now have a $130.00 price target on the stock.
Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $146.20.
Shares of Vodafone (NYSE:VOD) traded up 0.57% on Friday, hitting $33.59. 10,553,209 shares of the company’s stock traded hands. Vodafone has a 52-week low of $24.42 and a 52-week high of $33.65. The stock’s 50-day moving average is $30.80 and its 200-day moving average is $29.26. The company has a market cap of $164.3 billion and a price-to-earnings ratio of 238.57.
Vodafone Group Plc (NYSE:VOD) is a mobile communications company operating across the globe providing a range of communications services.
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