Vodafone Group Public (LON:VOD) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Vodafone Group Public Limited (LON:VOD) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 109.97 and traded as high as GBX 121.15. Vodafone Group Public shares last traded at GBX 119.90, with a volume of 122,277,734 shares changing hands.

Analysts Set New Price Targets

A number of analysts have recently weighed in on VOD shares. Citigroup upped their target price on shares of Vodafone Group Public from GBX 100 to GBX 115 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. UBS Group reissued a “sell” rating and set a GBX 95 price target on shares of Vodafone Group Public in a research report on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 155 price objective on shares of Vodafone Group Public in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of GBX 114.60.

Vodafone Group Public Trading Up 3.1%

The company has a debt-to-equity ratio of 103.96, a quick ratio of 0.78 and a current ratio of 1.07. The company has a market cap of £27.61 billion, a P/E ratio of -72.67, a price-to-earnings-growth ratio of 0.59 and a beta of 0.32. The stock has a 50-day moving average of GBX 109.55 and a two-hundred day moving average of GBX 109.97.

Insider Activity at Vodafone Group Public

In related news, insider Simon Segars bought 50,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of GBX 114 per share, with a total value of £57,000. Corporate insiders own 0.45% of the company’s stock.

Vodafone Group Public Company Profile

Vodafone is a leading European and African telecoms company. We provide mobile and fixed services to over 340 million customers in 15 countries, partner with mobile networks in over 40 more and have one of the world’s largest IoT platforms. In Africa, our financial technology businesses serve almost 88 million customers across seven countries – managing more transactions than any other provider.

Our purpose is to connect for a better future by using technology to improve lives, businesses and help progress inclusive sustainable societies.