UBS Group Reaffirms “Buy” Rating for Vodafone Group (LON:VOD)
UBS Group reiterated their buy rating on shares of Vodafone Group (LON:VOD) in a research note released on Friday, ThisIsMoney.Co.Uk reports.
Other equities research analysts have also recently issued reports about the company. Citigroup reiterated a buy rating and issued a GBX 185 ($2.42) price target on shares of Vodafone Group in a research note on Thursday, November 7th. Macquarie increased their price target on Vodafone Group from GBX 170 ($2.22) to GBX 175 ($2.29) and gave the company an outperform rating in a research note on Friday, October 18th. Jefferies Financial Group reiterated a hold rating and issued a GBX 144 ($1.88) price target on shares of Vodafone Group in a research note on Tuesday, November 12th. Credit Suisse Group set a GBX 190 ($2.48) price target on Vodafone Group and gave the company a buy rating in a research note on Thursday, November 14th. Finally, Berenberg Bank decreased their price target on Vodafone Group from GBX 180 ($2.35) to GBX 175 ($2.29) and set a buy rating for the company in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of GBX 191.18 ($2.50).
Vodafone Group stock traded up GBX 1.12 ($0.01) during midday trading on Friday, reaching GBX 153.24 ($2.00). The company’s stock had a trading volume of 60,744,700 shares, compared to its average volume of 61,020,000. The stock’s 50-day simple moving average is GBX 159.95 and its 200-day simple moving average is GBX 144.93. The company has a debt-to-equity ratio of 124.73, a current ratio of 0.99 and a quick ratio of 0.93. Vodafone Group has a 52-week low of GBX 122.22 ($1.60) and a 52-week high of GBX 171.78 ($2.24). The stock has a market capitalization of $41.02 billion and a P/E ratio of -5.43.
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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