Vodafone Group’s (VOD) Buy Rating Reaffirmed at UBS Group
UBS Group reiterated their buy rating on shares of Vodafone Group (LON:VOD) in a research note released on Wednesday morning, Borsen Zeitung reports. UBS Group currently has a GBX 207 ($2.70) price objective on the cell phone carrier’s stock.
A number of other brokerages have also recently weighed in on VOD. Berenberg Bank dropped their price objective on shares of Vodafone Group from GBX 180 ($2.35) to GBX 175 ($2.29) and set a buy rating for the company in a report on Wednesday. Deutsche Bank restated a buy rating and issued a GBX 250 ($3.27) price objective on shares of Vodafone Group in a report on Thursday, September 12th. Jefferies Financial Group dropped their price objective on shares of Vodafone Group from GBX 165 ($2.16) to GBX 144 ($1.88) and set a hold rating for the company in a report on Wednesday, July 10th. Citigroup restated a buy rating on shares of Vodafone Group in a report on Monday, September 16th. Finally, HSBC set a GBX 190 ($2.48) price objective on shares of Vodafone Group and gave the company a buy rating in a report on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and sixteen have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of GBX 189.05 ($2.47).
Shares of VOD opened at GBX 162.30 ($2.12) on Wednesday. Vodafone Group has a 1-year low of GBX 1.50 ($0.02) and a 1-year high of GBX 1,602 ($20.93). The stock has a market cap of $43.34 billion and a PE ratio of -5.76. The firm has a 50-day simple moving average of GBX 156.60 and a two-hundred day simple moving average of GBX 141.40. The company has a debt-to-equity ratio of 90.23, a current ratio of 1.55 and a quick ratio of 1.39.
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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