Berenberg Bank initiated coverage on shares of Vodafone Group Public (LON:VOD – Free Report) in a research note published on Wednesday, MarketBeat.com reports. The brokerage issued a hold rating and a GBX 80 ($1.10) price objective on the cell phone carrier’s stock.
Vodafone Group Public Trading Down 0.1%
VOD opened at GBX 77.54 ($1.06) on Wednesday. The stock has a market capitalization of £23.43 billion, a P/E ratio of 35.17, a P/E/G ratio of 0.59 and a beta of 0.54. The firm’s fifty day simple moving average is GBX 73.90 and its 200 day simple moving average is GBX 70.62. Vodafone Group Public has a 12 month low of GBX 62.40 ($0.86) and a 12 month high of GBX 79.50 ($1.09). The company has a current ratio of 1.37, a quick ratio of 0.78 and a debt-to-equity ratio of 96.88.
Insider Buying and Selling at Vodafone Group Public
In related news, insider Luka Mucic acquired 356,000 shares of the company’s stock in a transaction dated Tuesday, May 20th. The shares were bought at an average price of GBX 72 ($0.99) per share, for a total transaction of £256,320 ($351,749.69). Also, insider Margherita D. Valle purchased 251,374 shares of the company’s stock in a transaction on Wednesday, June 25th. The shares were purchased at an average cost of GBX 77 ($1.06) per share, for a total transaction of £193,557.98 ($265,620.94). Company insiders own 5.90% 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.
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