Vodafone Group plc (LON:VOD) has received a consensus rating of “Buy” from the eighteen research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 183.69 ($2.40).
Several research firms recently issued reports on VOD. Numis Securities reiterated a “buy” rating on shares of Vodafone Group in a report on Wednesday. Credit Suisse Group set a GBX 210 ($2.74) target price on Vodafone Group and gave the stock a “buy” rating in a report on Tuesday. Deutsche Bank reiterated a “buy” rating and set a GBX 250 ($3.27) target price on shares of Vodafone Group in a report on Wednesday. Barclays reiterated an “overweight” rating and set a GBX 200 ($2.61) target price on shares of Vodafone Group in a report on Tuesday. Finally, Berenberg Bank dropped their target price on Vodafone Group from GBX 243 ($3.18) to GBX 190 ($2.48) and set a “buy” rating on the stock in a report on Monday.
In other Vodafone Group news, insider David Thomas Nish acquired 20,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of GBX 132 ($1.72) per share, for a total transaction of £26,400 ($34,496.28).
Shares of Vodafone Group stock traded down GBX 1.14 ($0.01) during trading on Friday, reaching GBX 124.86 ($1.63). The stock had a trading volume of 102,682,103 shares, compared to its average volume of 61,020,000. The firm has a market cap of $33.53 billion and a price-to-earnings ratio of -4.43. Vodafone Group has a 52 week low of GBX 131 ($1.71) and a 52 week high of GBX 211.55 ($2.76). The company has a debt-to-equity ratio of 81.54, a current ratio of 1.30 and a quick ratio of 1.28.
The firm also recently disclosed a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, June 6th will be paid a €0.04 ($0.05) dividend. The ex-dividend date is Thursday, June 6th. This represents a yield of 3.6%. Vodafone Group’s dividend payout ratio is -0.46%.
About Vodafone Group
Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.
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