Berenberg Bank upgraded shares of Vodafone Group Public (LON:VOD – Free Report) to a buy rating in a research note published on Friday morning, MarketBeat Ratings reports. They currently have GBX 140 price objective on the cell phone carrier’s stock, up from their prior price objective of GBX 123.
Vodafone Group Public Stock Up 2.2%
Shares of LON:VOD opened at GBX 126.80 on Friday. The stock has a 50-day simple moving average of GBX 122.26 and a 200-day simple moving average of GBX 115.41. The stock has a market capitalization of £29.35 billion, a P/E ratio of -76.85, a PEG ratio of 0.59 and a beta of 0.33. Vodafone Group Public has a 1 year low of GBX 83.40 and a 1 year high of GBX 132.07. The company has a debt-to-equity ratio of 103.96, a quick ratio of 0.78 and a current ratio of 1.07.
Insider Buying and Selling at Vodafone Group Public
In other Vodafone Group Public news, insider Stephen A. Carter acquired 2,961 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was bought at an average price of GBX 118 per share, with a total value of £3,493.98. Also, insider Jean-François Van Boxmeer bought 22,076 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was acquired at an average cost of GBX 122 per share, for a total transaction of £26,932.72. Insiders have purchased 25,904 shares of company stock valued at $3,147,577 in the last ninety days. Corporate insiders own 0.48% of the company’s stock.
Vodafone Group Public Company Profile
Vodafone is a leading European and African telecoms company.
We serve around 370 million mobile and broadband customers, operating networks in 15 countries with investments in a further four and partners in over 40 more. We have capacity on more than 70 subsea cable systems – the backbone of the internet – and we are developing a new direct-to-mobile satellite communications service to connect areas without coverage. Vodafone runs one of the world’s largest IoT platforms, with over 240 million IoT connections globally, and we provide financial services to around 103 million customers across seven African countries – managing more transactions than any other provider.
From the seabed to the stars, Vodafone’s purpose is to keep everyone connected.
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