Vodafone Group (VOD) Earns “Buy” Rating from UBS Group
UBS Group reiterated their buy rating on shares of Vodafone Group (LON:VOD) in a research report sent to investors on Tuesday morning, www.boersen-zeitung.de reports. UBS Group currently has a GBX 230 ($3.01) target price on the cell phone carrier’s stock, down from their prior target price of GBX 230 ($3.01).
Several other equities research analysts have also issued reports on the company. Jefferies Financial Group set a GBX 165 ($2.16) target price on Vodafone Group and gave the company a neutral rating in a research report on Tuesday. Societe Generale set a GBX 130 ($1.70) target price on Vodafone Group and gave the company a sell rating in a research report on Tuesday. Sanford C. Bernstein set a GBX 215 ($2.81) target price on Vodafone Group and gave the company a buy rating in a research report on Tuesday. JPMorgan Chase & Co. set a GBX 240 ($3.14) target price on Vodafone Group and gave the company a buy rating in a research report on Tuesday. Finally, Macquarie reaffirmed an underperform rating and set a GBX 125 ($1.63) target price on shares of Vodafone Group in a research report on Friday, November 9th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of GBX 218.75 ($2.86).
Shares of Vodafone Group stock opened at GBX 154.30 ($2.02) on Tuesday. Vodafone Group has a 1 year low of GBX 197.45 ($2.58) and a 1 year high of GBX 239.65 ($3.13).
In other news, insider Michel Demare acquired 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 18th. The stock was bought at an average price of GBX 168 ($2.20) per share, with a total value of £84,000 ($109,760.88). Also, insider Dame Clara Furse acquired 6,382 shares of the firm’s stock in a transaction that occurred on Monday, September 3rd. The stock was purchased at an average cost of GBX 166 ($2.17) per share, with a total value of £10,594.12 ($13,843.09). In the last three months, insiders purchased 236,564 shares of company stock valued at $39,189,442.
Vodafone Group Company Profile
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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