Vodafone Group Public (LON:VOD) Stock Crosses Above 200 Day Moving Average – Here’s Why

Shares of Vodafone Group Public Limited (LON:VOD) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 106.56 and traded as high as GBX 112.85. Vodafone Group Public shares last traded at GBX 111.40, with a volume of 2,147,000,000 shares trading hands.

Wall Street Analyst Weigh In

VOD has been the topic of several research reports. Citigroup upped their price target on shares of Vodafone Group Public from GBX 100 to GBX 115 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. UBS Group restated a “sell” rating and issued a GBX 95 price target on shares of Vodafone Group Public in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 155 price target on shares of Vodafone Group Public in a research note on Tuesday, May 12th. Berenberg Bank upped their price target on shares of Vodafone Group Public from GBX 119 to GBX 123 and gave the company a “buy” rating in a research note on Friday, March 20th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Vodafone Group Public from GBX 71 to GBX 85 and gave the stock an “underweight” rating in a research note on Thursday, March 19th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 114.60.

Vodafone Group Public Price Performance

The stock has a market capitalization of £25.68 billion, a price-to-earnings ratio of -6.73, a P/E/G ratio of 0.59 and a beta of 0.32. The company has a quick ratio of 0.78, a current ratio of 1.13 and a debt-to-equity ratio of 103.96. The business’s 50 day simple moving average is GBX 113.91 and its 200-day simple moving average is GBX 106.56.

Insider Transactions at Vodafone Group Public

In other news, insider Simon Segars acquired 50,000 shares of Vodafone Group Public stock in a transaction on Wednesday, May 13th. The shares were purchased at an average cost of GBX 114 per share, for a total transaction of £57,000. 0.43% of the stock is owned by insiders.

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.