Vodafone (VOD) Cut to Neutral at Citigroup

Citigroup downgraded shares of Vodafone (LON:VOD) to a neutral rating in a report released on Thursday.

VOD has been the subject of several other research reports. Credit Suisse Group reiterated an outperform rating and issued a GBX 250 ($3.39) price objective on shares of Vodafone in a research report on Tuesday, March 13th. Deutsche Bank restated a buy rating and issued a GBX 285 ($3.87) price target on shares of Vodafone in a research report on Wednesday. BNP Paribas restated a neutral rating and issued a GBX 240 ($3.26) price target on shares of Vodafone in a research report on Wednesday, January 31st. Berenberg Bank restated a buy rating and issued a GBX 253 ($3.43) price target on shares of Vodafone in a research report on Wednesday, February 28th. Finally, Barclays set a GBX 265 ($3.59) price target on Vodafone and gave the company a buy rating in a research report on Tuesday, May 15th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of Buy and an average price target of GBX 244.71 ($3.32).

Vodafone opened at GBX 193.18 ($2.62) on Thursday, MarketBeat reports. Vodafone has a 1 year low of GBX 197.45 ($2.68) and a 1 year high of GBX 239.65 ($3.25).

The business also recently disclosed a dividend, which will be paid on Friday, August 3rd. Investors of record on Thursday, June 7th will be paid a dividend of €0.10 ($0.12) per share. The ex-dividend date of this dividend is Thursday, June 7th. This represents a dividend yield of 4.35%. This is a positive change from Vodafone’s previous dividend of $0.10.

In related news, insider Maria Amparo Moraleda Martinez acquired 5,533 shares of the firm’s stock in a transaction that occurred on Tuesday, May 15th. The shares were acquired at an average price of GBX 200 ($2.71) per share, with a total value of £11,066 ($15,010.85). Also, insider David Thomas Nish acquired 12,881 shares of the firm’s stock in a transaction that occurred on Thursday, May 17th. The shares were bought at an average cost of GBX 194 ($2.63) per share, for a total transaction of £24,989.14 ($33,897.37).

Vodafone Company Profile

Vodafone Group Plc operates as a telecommunications company worldwide. The company offers voice, messaging, and data services across mobile and fixed networks; broadband and TV services; cloud and hosting for storing data and applications in the cloud, as well as Internet protocol-virtual private network services; roaming services; and converged communication services to small businesses and large multinational companies.

Analyst Recommendations for Vodafone (LON:VOD)

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