Barclays Trims Vodafone Group Public (NASDAQ:VOD) Target Price to GBX 150

Vodafone Group Public (NASDAQ:VOD – Get Rating) had its price target reduced by Barclays from GBX 155 ($1.91) to GBX 150 ($1.85) in a research report report published on Wednesday morning, The Fly reports.

Several other brokerages have also recently commented on VOD. Citigroup assumed coverage on Vodafone Group Public in a research note on Wednesday. They issued a buy rating for the company. StockNews.com assumed coverage on Vodafone Group Public in a research note on Thursday, March 31st. They issued a hold rating for the company. UBS Group lowered their price target on Vodafone Group Public from GBX 157 ($1.94) to GBX 147 ($1.81) in a research note on Tuesday, April 12th. Zacks Investment Research cut Vodafone Group Public from a buy rating to a hold rating in a research note on Saturday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Vodafone Group Public from GBX 230 ($2.84) to GBX 225 ($2.77) in a research note on Friday, April 1st. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Vodafone Group Public has an average rating of Buy and a consensus target price of $116.11.

NASDAQ:VOD opened at $15.33 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.85 and a debt-to-equity ratio of 1.02. Vodafone Group Public has a fifty-two week low of $14.42 and a fifty-two week high of $19.05. The stock’s 50-day moving average is $16.28 and its two-hundred day moving average is $16.27.

The business also recently announced a Semi-Annual dividend, which will be paid on Friday, August 5th. Investors of record on Monday, June 6th will be issued a $0.455 dividend. The ex-dividend date is Friday, June 3rd. This represents a yield of 9.6%.

Several hedge funds have recently modified their holdings of VOD. Kings Point Capital Management acquired a new position in shares of Vodafone Group Public during the third quarter worth approximately $25,000. Tcwp LLC acquired a new position in shares of Vodafone Group Public during the first quarter worth approximately $26,000. Elmwood Wealth Management Inc. acquired a new position in shares of Vodafone Group Public during the fourth quarter worth approximately $27,000. Clearstead Advisors LLC acquired a new position in shares of Vodafone Group Public during the fourth quarter worth approximately $27,000. Finally, Addison Advisors LLC acquired a new position in shares of Vodafone Group Public in the fourth quarter valued at $31,000. Institutional investors own 9.07% of the company’s stock.

Vodafone Group Public Company Profile (Get Rating)

Vodafone Group Public Limited Company engages in telecommunication services in Europe and internationally. The company offers mobile services that enable customers to call, text, and access data; fixed line services, including broadband, television (TV) offerings, and voice; and convergence services under the GigaKombi and Vodafone One names to customers.

Read More