Vodafone Receives “Outperform” Rating from Credit Suisse (VOD)
Vodafone (NYSE:VOD)‘s stock had its “outperform” rating reiterated by equities research analysts at Credit Suisse in a research note issued to investors on Monday, ARN reports.
Vodafone (NYSE:VOD) traded down 3.26% on Monday, hitting $36.80. The stock had a trading volume of 33,439,178 shares. Vodafone has a 52-week low of $24.42 and a 52-week high of $39.44. The stock’s 50-day moving average is $38.44 and its 200-day moving average is $34.70. The company has a market cap of $178.8 billion and a price-to-earnings ratio of 5.71. Vodafone also saw some unusual options trading activity on Monday. Investors bought 15,905 put options on the stock. This represents an increase of approximately 384% compared to the average volume of 3,287 put options.
Other equities research analysts have also recently issued reports about the stock. Analysts at Espirito Santo Investment Bank Research downgraded shares of Vodafone from a “neutral” rating to a “sell” rating in a research note to investors on Wednesday, January 22nd. Separately, analysts at Zacks downgraded shares of Vodafone from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, January 17th. They now have a $35.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Vodafone in a research note to investors on Thursday, January 16th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the stock. Vodafone currently has a consensus rating of “Hold” and a consensus price target of $88.33.
Vodafone Group Plc (NYSE:VOD) is a mobile communications company operating across the globe providing a range of communications services.
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