Vodafone Group Public (LON:VOD) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Vodafone Group Public Limited (LON:VOD) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 98.09 and traded as high as GBX 111.70. Vodafone Group Public shares last traded at GBX 110.60, with a volume of 424,030,125 shares.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their target price on Vodafone Group Public from GBX 140 to GBX 150 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Berenberg Bank lifted their price target on Vodafone Group Public from GBX 119 to GBX 123 and gave the stock a “buy” rating in a research report on Friday, March 20th. UBS Group reiterated a “sell” rating and issued a GBX 82 price objective on shares of Vodafone Group Public in a research note on Friday, January 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Vodafone Group Public from GBX 71 to GBX 85 and gave the company an “underweight” rating in a report on Thursday, March 19th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Vodafone Group Public presently has an average rating of “Hold” and an average target price of GBX 105.

Vodafone Group Public Stock Down 0.5%

The business’s fifty day moving average price is GBX 110.19 and its 200 day moving average price is GBX 98.09. The company has a quick ratio of 0.78, a current ratio of 1.17 and a debt-to-equity ratio of 102.06. The firm has a market capitalization of £25.60 billion, a PE ratio of -6.68, a PEG ratio of 0.59 and a beta of 0.34.

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.