Vodafone Group (LON:VOD) received a GBX 190 ($2.48) price target from investment analysts at Credit Suisse Group in a research note issued on Wednesday, Borsen Zeitung reports. The firm presently has a “buy” rating on the cell phone carrier’s stock. Credit Suisse Group’s price objective suggests a potential upside of 25.48% from the stock’s previous close.

A number of other analysts have also issued reports on the stock. Jefferies Financial Group reduced their price target on shares of Vodafone Group from GBX 165 ($2.16) to GBX 144 ($1.88) and set a “hold” rating for the company in a research report on Wednesday, July 10th. Berenberg Bank dropped their price objective on Vodafone Group from GBX 190 ($2.48) to GBX 180 ($2.35) and set a “buy” rating on the stock in a report on Thursday, June 20th. Morgan Stanley set a GBX 210 ($2.74) price objective on Vodafone Group and gave the stock a “buy” rating in a report on Thursday, August 8th. Barclays set a GBX 200 ($2.61) price objective on Vodafone Group and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Macquarie set a GBX 170 ($2.22) price objective on Vodafone Group and gave the stock a “buy” rating in a report on Thursday, June 13th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and sixteen have assigned a buy rating to the stock. Vodafone Group presently has a consensus rating of “Buy” and an average price target of GBX 186.89 ($2.44).

LON VOD opened at GBX 151.42 ($1.98) on Wednesday. The company has a 50 day simple moving average of GBX 141.36 and a 200-day simple moving average of GBX 137.40. The company has a debt-to-equity ratio of 90.23, a current ratio of 1.55 and a quick ratio of 1.39. The firm has a market capitalization of $40.53 billion and a price-to-earnings ratio of -5.37. Vodafone Group has a 52-week low of GBX 1.50 ($0.02) and a 52-week high of GBX 178.26 ($2.33).

In other Vodafone Group news, insider Margherita D. Valle sold 109,102 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of GBX 129 ($1.69), for a total transaction of £140,741.58 ($183,903.80). Also, insider Nick Read purchased 387,888 shares of the stock in a transaction on Wednesday, June 26th. The shares were bought at an average price of GBX 125 ($1.63) per share, for a total transaction of £484,860 ($633,555.47).

About Vodafone Group

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

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Analyst Recommendations for Vodafone Group (LON:VOD)

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