Barclays Reiterates “Overweight” Rating for Vodafone Group (LON:VOD)
Barclays reiterated their overweight rating on shares of Vodafone Group (LON:VOD) in a research note published on Monday, Borsen Zeitung reports. They currently have a GBX 200 ($2.61) price target on the cell phone carrier’s stock.
A number of other research analysts have also commented on the stock. Morgan Stanley restated an overweight rating and issued a GBX 210 ($2.74) price objective on shares of Vodafone Group in a research note on Friday, September 6th. Berenberg Bank restated a buy rating and issued a GBX 180 ($2.35) price objective on shares of Vodafone Group in a research note on Monday. JPMorgan Chase & Co. set a GBX 209 ($2.73) price objective on shares of Vodafone Group and gave the company a buy rating in a research note on Friday, July 26th. Kepler Capital Markets lifted their price objective on shares of Vodafone Group from GBX 160 ($2.09) to GBX 175 ($2.29) and gave the company a buy rating in a research note on Thursday, June 20th. Finally, Numis Securities restated a buy rating on shares of Vodafone Group in a research note on Wednesday, May 15th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of GBX 186.89 ($2.44).
LON VOD opened at GBX 160.98 ($2.10) on Monday. The company has a debt-to-equity ratio of 90.23, a quick ratio of 1.39 and a current ratio of 1.55. The firm has a market cap of $43.09 billion and a PE ratio of -5.71. Vodafone Group has a one year low of GBX 1.50 ($0.02) and a one year high of GBX 171.78 ($2.24). The firm’s fifty day moving average is GBX 148.14 and its two-hundred day moving average is GBX 138.48.
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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