Vodafone Group Public (LON:VOD) Reaches New 52-Week High – What’s Next?

Vodafone Group Public Limited (LON:VOD)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 97.30 and last traded at GBX 96.96, with a volume of 70959586 shares traded. The stock had previously closed at GBX 96.04.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. UBS Group reissued a “neutral” rating and set a GBX 72 price target on shares of Vodafone Group Public in a research note on Friday, November 7th. JPMorgan Chase & Co. boosted their price objective on Vodafone Group Public from GBX 62 to GBX 71 and gave the company an “underweight” rating in a report on Friday, November 28th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Vodafone Group Public from GBX 135 to GBX 140 and gave the company a “buy” rating in a research note on Tuesday, October 14th. Citigroup raised their price objective on Vodafone Group Public from GBX 75 to GBX 85 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Finally, Berenberg Bank upped their target price on Vodafone Group Public from GBX 80 to GBX 82 and gave the stock a “hold” rating in a report on Friday, October 17th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Vodafone Group Public has a consensus rating of “Hold” and an average target price of GBX 90.

Vodafone Group Public Trading Up 1.0%

The firm has a market capitalization of £23.03 billion, a PE ratio of -5.86, a price-to-earnings-growth ratio of 0.59 and a beta of 0.54. The company has a quick ratio of 0.78, a current ratio of 1.37 and a debt-to-equity ratio of 96.88. The company’s 50-day simple moving average is GBX 91.70 and its 200 day simple moving average is GBX 86.09.

Insider Activity

In related news, insider Anne-Francoise Nesmes purchased 20,911 shares of the business’s stock in a transaction on Friday, November 14th. The shares were acquired at an average price of GBX 95 per share, for a total transaction of £19,865.45. 0.43% of the stock is currently owned by company insiders.

Vodafone Group Public Company Profile

Vodafone is a leading European and African telecoms company.

We serve over 355 million mobile and broadband customers, operating networks in 15 countries with investments in a further five and partners in over 40 more. Our undersea cables transport around a sixth of the world’s internet traffic, 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 215 million IoT connections globally, and we provide financial services to around 92 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.

For more information, please visit www.vodafone.com follow us on X at @VodafoneGroup or connect with us on LinkedIn at www.linkedin.com/company/vodafone.