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

Vodafone Group Public Limited (LON:VOD) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 113.10 and traded as high as GBX 118.49. Vodafone Group Public shares last traded at GBX 118.45, with a volume of 62,940,656 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts recently commented on VOD shares. UBS Group reaffirmed a “sell” rating and issued a GBX 95 target price on shares of Vodafone Group Public in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 155 price target on shares of Vodafone Group Public in a report on Tuesday, May 12th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of GBX 114.60.

Vodafone Group Public Trading Up 1.2%

The company has a 50 day moving average of GBX 113.09 and a 200 day moving average of GBX 113.10. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 103.96. The firm has a market cap of £27.37 billion, a price-to-earnings ratio of -71.79, a price-to-earnings-growth ratio of 0.59 and a beta of 0.33.

Insider Buying and Selling

In other news, insider Stephen A. Carter bought 2,961 shares of Vodafone Group Public stock in a transaction dated Friday, July 31st. The shares were bought at an average price of GBX 118 per share, for a total transaction of £3,493.98. Also, insider Margherita D. Valle sold 2,658,846 shares of the company’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of GBX 122, for a total transaction of £3,243,792.12. Insiders purchased a total of 25,904 shares of company stock valued at $3,147,577 in the last ninety days. Insiders own 0.45% of the company’s stock.

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.