Vodafone Group Public (LON:VOD) Shares Pass Above 200-Day Moving Average – What’s Next?

Vodafone Group Public Limited (LON:VOD) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 112.24 and traded as high as GBX 119.90. Vodafone Group Public shares last traded at GBX 118.92, with a volume of 51,026,555 shares trading hands.

Analysts Set New Price Targets

VOD has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 155 price target on shares of Vodafone Group Public in a research report on Tuesday, May 12th. UBS Group reissued a “sell” rating and issued a GBX 95 price target on shares of Vodafone Group Public in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 114.60.

Vodafone Group Public Price Performance

The firm has a market capitalization of £27.74 billion, a P/E ratio of -72.76, a price-to-earnings-growth ratio of 0.59 and a beta of 0.33. The firm has a 50 day moving average price of GBX 111.54 and a 200-day moving average price of GBX 112.36. 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 Buying and Selling

In other news, insider Jean-François Van Boxmeer acquired 22,076 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was bought at an average cost of GBX 122 per share, with a total value of £26,932.72. Also, insider Simon Dingemans acquired 867 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were purchased at an average cost of GBX 121 per share, with a total value of £1,049.07. Over the last 90 days, insiders have purchased 25,904 shares of company stock worth $3,147,577. 0.45% of the stock is currently owned by corporate insiders.

About Vodafone Group Public

Vodafone is a leading European and African telecoms company.
We serve around 370 million mobile and broadband customers, operating networks in 15 countries with investments in a further four and partners in over 40 more. We have capacity on more than 70 subsea cable systems – the backbone of the internet – and we are developing a new direct-to-mobile satellite communications service to connect areas without coverage. Vodafone runs one of the world’s largest IoT platforms, with over 240 million IoT connections globally, and we provide financial services to around 103 million customers across seven African countries – managing more transactions than any other provider.
From the seabed to the stars, Vodafone’s purpose is to keep everyone connected.