Vodafone (NASDAQ:VOD) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Sunday.
Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded Vodafone from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Friday, March 30th. ValuEngine upgraded Vodafone from a “hold” rating to a “buy” rating in a report on Thursday, March 15th. Bank of America restated a “buy” rating and issued a $37.26 target price on shares of Vodafone in a report on Monday, February 5th. Numis Securities upgraded Vodafone from an “add” rating to a “buy” rating in a report on Monday, February 5th. Finally, Citigroup upgraded Vodafone from a “neutral” rating to a “buy” rating in a report on Wednesday, April 4th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $31.76.
Shares of Vodafone traded down $0.20, reaching $26.41, during trading hours on Friday, MarketBeat Ratings reports. The company had a trading volume of 5,969,184 shares, compared to its average volume of 3,603,312. Vodafone has a 12 month low of $26.22 and a 12 month high of $32.75. The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $70.45 billion, a PE ratio of 19.42, a P/E/G ratio of 1.38 and a beta of 0.81.
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.
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