Vodafone Group (LON:VOD) had its target price cut by research analysts at DZ Bank from GBX 165 ($2.17) to GBX 160 ($2.10) in a report released on Thursday, Stock Target Advisor reports. The firm currently has a “hold” rating on the cell phone carrier’s stock. DZ Bank’s price target would suggest a potential upside of 6.64% from the company’s previous close.
Several other research firms also recently commented on VOD. JPMorgan Chase & Co. cut their price objective on Vodafone Group from GBX 215 ($2.83) to GBX 210 ($2.76) and set an “overweight” rating for the company in a report on Wednesday, February 5th. Berenberg Bank increased their price objective on Vodafone Group from GBX 175 ($2.30) to GBX 180 ($2.37) and gave the company a “buy” rating in a report on Wednesday, January 22nd. HSBC set a GBX 185 ($2.43) price objective on Vodafone Group and gave the company a “buy” rating in a report on Thursday. Credit Suisse Group reissued an “outperform” rating on shares of Vodafone Group in a report on Friday, February 7th. Finally, Kepler Capital Markets reissued a “buy” rating and issued a GBX 175 ($2.30) price objective on shares of Vodafone Group in a report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 194.63 ($2.56).
LON VOD opened at GBX 150.04 ($1.97) on Thursday. The company has a market cap of $40.17 billion and a PE ratio of -5.32. The company has a current ratio of 0.99, a quick ratio of 0.93 and a debt-to-equity ratio of 142.43. Vodafone Group has a 12 month low of GBX 1.69 ($0.02) and a 12 month high of GBX 185.05 ($2.43). The stock has a 50 day moving average of GBX 151.71 and a 200-day moving average of GBX 153.58.
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: How Do You Calculate Return on Equity (ROE)?
Receive News & Ratings for Vodafone Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vodafone Group and related companies with MarketBeat.com's FREE daily email newsletter.