Vodafone Group Public (LON:VOD) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Vodafone Group Public Limited (LON:VOD)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 103.95 and traded as high as GBX 119.34. Vodafone Group Public shares last traded at GBX 118.65, with a volume of 60,116,273 shares.

Analyst Ratings Changes

VOD has been the subject of a number of analyst reports. Citigroup lifted their price objective on Vodafone Group Public from GBX 100 to GBX 115 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft lifted their target price on Vodafone Group Public from GBX 140 to GBX 150 and gave the stock a “buy” rating in a report on Thursday, January 22nd. UBS Group reiterated a “sell” rating and set a GBX 82 target price on shares of Vodafone Group Public in a report on Friday, January 23rd. JPMorgan Chase & Co. lifted their target price on Vodafone Group Public from GBX 71 to GBX 85 and gave the stock an “underweight” rating in a report on Thursday, March 19th. Finally, Berenberg Bank lifted their target price on Vodafone Group Public from GBX 119 to GBX 123 and gave the stock a “buy” rating in a report on Friday, March 20th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of GBX 111.

Vodafone Group Public Trading Up 1.0%

The company has a market capitalization of £27.35 billion, a P/E ratio of -7.17, a price-to-earnings-growth ratio of 0.59 and a beta of 0.32. The business has a fifty day moving average price of GBX 113.14 and a 200 day moving average price of GBX 103.95. The company has a quick ratio of 0.78, a current ratio of 1.17 and a debt-to-equity ratio of 102.06.

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.