Vodafone Group (NASDAQ:VOD) Raised to Outperform at Exane BNP Paribas
Vodafone Group (NASDAQ:VOD) was upgraded by analysts at Exane BNP Paribas from a “neutral” rating to an “outperform” rating in a report released on Wednesday, The Fly reports.
Several other research firms also recently issued reports on VOD. Morgan Stanley assumed coverage on shares of Vodafone Group in a report on Wednesday, August 7th. They set an “overweight” rating for the company. Bank of America reissued a “buy” rating on shares of Vodafone Group in a report on Thursday, August 1st. BNP Paribas upgraded Vodafone Group from a “neutral” rating to an “outperform” rating in a research report on Wednesday. BidaskClub raised Vodafone Group from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Finally, HSBC raised shares of Vodafone Group from a “hold” rating to a “buy” rating and set a $15.99 price target on the stock in a report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $19.12.
Shares of VOD traded up $0.30 during midday trading on Wednesday, reaching $19.72. The stock had a trading volume of 3,372,658 shares, compared to its average volume of 4,406,389. Vodafone Group has a 1-year low of $15.53 and a 1-year high of $22.87. The company’s fifty day simple moving average is $18.37 and its two-hundred day simple moving average is $17.59. The company has a market cap of $51.90 billion, a price-to-earnings ratio of 32.87, a PEG ratio of 1.22 and a beta of 0.80. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.55 and a quick ratio of 1.52.
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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