Vodafone Group Public (LON:VOD) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Vodafone Group Public Limited (LON:VOD)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 108.22 and traded as high as GBX 116.81. Vodafone Group Public shares last traded at GBX 112.80, with a volume of 81,104,531 shares.

Analyst Ratings Changes

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

Vodafone Group Public Price Performance

The company’s fifty day moving average price is GBX 114.25 and its 200 day moving average price is GBX 108.22. The company has a debt-to-equity ratio of 103.96, a quick ratio of 0.78 and a current ratio of 1.13. The firm has a market capitalization of £25.97 billion, a price-to-earnings ratio of -68.36, a price-to-earnings-growth ratio of 0.59 and a beta of 0.32.

Insider Activity at Vodafone Group Public

In other Vodafone Group Public news, insider Simon Segars purchased 50,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average cost of GBX 114 per share, with a total value of £57,000. Company insiders own 0.45% of the company’s stock.

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.