Vodafone Group Public (LON:VOD) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Vodafone Group Public Limited (LON:VOD)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 109.97 and traded as high as GBX 121.15. Vodafone Group Public shares last traded at GBX 119.90, with a volume of 122,277,734 shares trading hands.

Analyst Upgrades and Downgrades

VOD has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 155 price objective on shares of Vodafone Group Public in a report on Tuesday, May 12th. Berenberg Bank increased their price target 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. Citigroup lifted their price objective 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. Finally, UBS Group reaffirmed a “sell” rating and issued a GBX 95 price objective on shares of Vodafone Group Public in a report on Monday, May 11th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of GBX 114.60.

Vodafone Group Public Trading Up 3.1%

The firm has a market cap of £27.61 billion, a price-to-earnings ratio of -72.67, a PEG ratio of 0.59 and a beta of 0.32. The company has a fifty day moving average price of GBX 109.55 and a 200-day moving average price of GBX 109.97. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 103.96.

Insider Transactions at Vodafone Group Public

In related news, insider Simon Segars acquired 50,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were acquired at an average price of GBX 114 per share, for a total transaction of £57,000. 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.