Vodacom Group Limited (OTCMKTS:VDMCY – Get Rating) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $7.17 and traded as low as $6.69. Vodacom Group shares last traded at $6.75, with a volume of 10,299 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, HSBC downgraded shares of Vodacom Group from a “hold” rating to a “reduce” rating in a research note on Wednesday, January 18th.
Vodacom Group Stock Performance
The firm’s 50 day moving average is $7.17 and its 200-day moving average is $7.16.
Vodacom Group Company Profile
Vodacom Group Ltd. is an investment holding company, which engages in the provision of communications products and services. The firm operates through the following segments: Corporate, South Africa, and International. The Corporate segment comprises the holding companies of the group which do not relate to specific operating segments.
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