Vodafone Group (VOD) Earns Overweight Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their overweight rating on shares of Vodafone Group (LON:VOD) in a research note issued to investors on Monday, Borsen Zeitung reports. The firm currently has a GBX 209 ($2.73) price target on the cell phone carrier’s stock.

VOD has been the subject of several other reports. Credit Suisse Group dropped their target price on Vodafone Group from GBX 225 ($2.94) to GBX 210 ($2.74) and set an outperform rating for the company in a report on Monday, January 28th. UBS Group restated a buy rating and issued a GBX 230 ($3.01) target price (down from GBX 230 ($3.01)) on shares of Vodafone Group in a report on Thursday, January 17th. Royal Bank of Canada restated an underperform rating and issued a GBX 125 ($1.63) target price on shares of Vodafone Group in a report on Wednesday, January 23rd. Citigroup restated a buy rating and issued a GBX 180 ($2.35) target price on shares of Vodafone Group in a report on Tuesday, May 7th. Finally, Berenberg Bank set a GBX 243 ($3.18) target price on Vodafone Group and gave the company a buy rating in a report on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of GBX 186.61 ($2.44).

Shares of LON:VOD opened at GBX 126 ($1.65) on Monday. The company has a debt-to-equity ratio of 81.54, a current ratio of 1.30 and a quick ratio of 1.28. The firm has a market capitalization of $33.84 billion and a price-to-earnings ratio of -4.47. Vodafone Group has a 52-week low of GBX 131 ($1.71) and a 52-week high of GBX 211.55 ($2.76).

The firm also recently declared a dividend, which will be paid on Friday, August 2nd. Stockholders of record on Thursday, June 6th will be issued a dividend of €0.04 ($0.05) per share. This represents a dividend yield of 3.6%. The ex-dividend date is Thursday, June 6th. Vodafone Group’s dividend payout ratio is presently -0.46%.

In other Vodafone Group news, insider David Thomas Nish purchased 20,000 shares of the stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average cost of GBX 132 ($1.72) per share, for a total transaction of £26,400 ($34,496.28).

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.

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Analyst Recommendations for Vodafone Group (LON:VOD)

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