Vodafone Group plc (LON:VOD) has been given an average recommendation of “Buy” by the eighteen brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and fifteen have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is GBX 183.56 ($2.40).
VOD has been the topic of several recent analyst reports. Numis Securities reiterated a “buy” rating and set a GBX 220 ($2.87) price objective on shares of Vodafone Group in a report on Monday, February 25th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 209 ($2.73) price objective on shares of Vodafone Group in a report on Monday, May 13th. Credit Suisse Group reiterated an “outperform” rating and set a GBX 210 ($2.74) price objective on shares of Vodafone Group in a report on Thursday, April 18th. Deutsche Bank reiterated a “buy” rating and set a GBX 250 ($3.27) price objective on shares of Vodafone Group in a report on Tuesday. Finally, Citigroup restated a “buy” rating on shares of Vodafone Group in a report on Friday, February 22nd.
Shares of VOD stock traded down GBX 0.84 ($0.01) during trading hours on Wednesday, hitting GBX 129.34 ($1.69). 183,046,047 shares of the company were exchanged, compared to its average volume of 61,020,000. The firm has a market cap of $34.53 billion and a P/E ratio of -4.59. Vodafone Group has a 1 year low of GBX 122.22 ($1.60) and a 1 year high of GBX 191.56 ($2.50). The company has a debt-to-equity ratio of 90.23, a current ratio of 1.55 and a quick ratio of 1.39.
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.
Read More: Outperform Rating
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