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

Vodafone Group Public Limited (LON:VOD)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 112.84 and traded as high as GBX 119.70. Vodafone Group Public shares last traded at GBX 118, with a volume of 65,546,422 shares trading hands.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. UBS Group reaffirmed a “sell” rating and set a GBX 95 price objective on shares of Vodafone Group Public in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 155 price objective on shares of Vodafone Group Public in a report on Tuesday, May 12th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of GBX 114.60.

Vodafone Group Public Stock Performance

The firm has a fifty day simple moving average of GBX 112.36 and a 200-day simple moving average of GBX 112.87. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 103.96. The company has a market cap of £27.07 billion, a PE ratio of -71.00, a price-to-earnings-growth ratio of 0.59 and a beta of 0.33.

Insider Transactions at Vodafone Group Public

In other news, insider Stephen A. Carter purchased 2,961 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were purchased at an average price of GBX 118 per share, for a total transaction of £3,493.98. Also, insider Simon Dingemans purchased 867 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were purchased at an average cost of GBX 121 per share, for a total transaction of £1,049.07. Over the last quarter, insiders have bought 25,904 shares of company stock worth $3,147,577. 0.45% of the stock is owned by corporate insiders.

Vodafone Group Public Company Profile

Vodafone is a leading European and African telecoms company.
We serve around 370 million mobile and broadband customers, operating networks in 15 countries with investments in a further four and partners in over 40 more. We have capacity on more than 70 subsea cable systems – the backbone of the internet – 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 over 240 million IoT connections globally, and we provide financial services to around 103 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.