Vodafone Group Public (LON:VOD) Stock Rating Reaffirmed as “Buy” by Deutsche Bank Aktiengesellschaft

Vodafone Group Public (LON:VOD)‘s stock had its “buy” rating restated by equities researchers at Deutsche Bank Aktiengesellschaft in a report issued on Friday, Digital Look reports. They presently have a GBX 160 target price on the cell phone carrier’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 35.19% from the company’s current price.

Separately, Berenberg Bank upgraded Vodafone Group Public to a “buy” rating and lifted their price target for the company from GBX 123 to GBX 140 in a research note on Friday, October 2nd. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Vodafone Group Public presently has a consensus rating of “Hold” and a consensus price target of GBX 119.

Vodafone Group Public Stock Performance

Shares of VOD stock opened at GBX 118.35 on Friday. The company has a market cap of £27.42 billion, a price-to-earnings ratio of -71.73, a price-to-earnings-growth ratio of 0.59 and a beta of 0.33. The stock has a 50 day simple moving average of GBX 122.80 and a 200-day simple moving average of GBX 116.02. Vodafone Group Public has a 12-month low of GBX 83.40 and a 12-month high of GBX 132.07. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 103.96.

Insider Activity at Vodafone Group Public

In other news, insider Margherita D. Valle sold 2,658,846 shares of Vodafone Group Public stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of GBX 122, for a total transaction of £3,243,792.12. Also, insider Jean-François Van Boxmeer purchased 22,076 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average cost of GBX 122 per share, for a total transaction of £26,932.72. In the last ninety days, insiders purchased 25,904 shares of company stock valued at $3,147,577. 0.48% of the stock is currently 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.