Vodafone Group Public (LON:VOD) Share Price Passes Above 200-Day Moving Average – Here’s Why

Vodafone Group Public Limited (LON:VOD) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 107.22 and traded as high as GBX 111.60. Vodafone Group Public shares last traded at GBX 110.84, with a volume of 143,206,828 shares trading hands.

Analyst Upgrades and Downgrades

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

Vodafone Group Public Stock Up 0.3%

The company has a market cap of £25.55 billion, a P/E ratio of -67.17, 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 moving average is GBX 114.24 and its 200 day moving average is GBX 107.22.

Insider Buying and Selling

In other Vodafone Group Public news, insider Simon Segars acquired 50,000 shares of Vodafone Group Public stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average price of GBX 114 per share, with a total value of £57,000. 0.43% of the stock is owned by company 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.