Deutsche Bank Aktiengesellschaft Reaffirms “Buy” Rating for Vodafone Group Public (LON:VOD)

Vodafone Group Public (LON:VOD)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Friday, Digital Look reports. They currently have a GBX 160 price target on the cell phone carrier’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 36.29% from the company’s current price.

Separately, Berenberg Bank upgraded shares of Vodafone Group Public to a “buy” rating and boosted their price target for the company from GBX 123 to GBX 140 in a report on Friday, October 2nd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Vodafone Group Public currently has a consensus rating of “Hold” and a consensus price target of GBX 119.

Vodafone Group Public Price Performance

LON:VOD opened at GBX 117.40 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 103.96. The business’s 50-day moving average price is GBX 122.80 and its 200 day moving average price is GBX 116.02. Vodafone Group Public has a 52-week low of GBX 83.40 and a 52-week high of GBX 132.07. The firm has a market cap of £27.20 billion, a P/E ratio of -71.15, a PEG ratio of 0.59 and a beta of 0.33.

Insiders Place Their Bets

In related news, insider Stephen A. Carter acquired 2,961 shares of the stock in a transaction dated Friday, July 31st. The stock was bought at an average price of GBX 118 per share, with a total value of £3,493.98. Also, insider Jean-François Van Boxmeer acquired 22,076 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were bought at an average price of GBX 122 per share, for a total transaction of £26,932.72. Insiders purchased a total of 25,904 shares of company stock worth $3,147,577 in the last three months. Company insiders own 0.48% of the company’s stock.

About Vodafone Group Public

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.