Barclays Reaffirms Overweight Rating for Vodafone Group (LON:VOD)

Barclays restated their overweight rating on shares of Vodafone Group (LON:VOD) in a report issued on Wednesday morning, Digital Look reports. The firm currently has a GBX 200 ($2.61) target price on the cell phone carrier’s stock.

Several other brokerages also recently weighed in on VOD. JPMorgan Chase & Co. reduced their price target on Vodafone Group from GBX 225 ($2.94) to GBX 220 ($2.87) and set an overweight rating on the stock in a report on Tuesday, November 12th. Deutsche Bank reiterated a buy rating and issued a GBX 240 ($3.14) price target on shares of Vodafone Group in a report on Wednesday. Macquarie increased their price target on Vodafone Group from GBX 170 ($2.22) to GBX 175 ($2.29) and gave the stock an outperform rating in a report on Friday, October 18th. Credit Suisse Group set a GBX 190 ($2.48) price target on Vodafone Group and gave the stock a buy rating in a report on Thursday, October 17th. Finally, Jefferies Financial Group reiterated a hold rating and issued a GBX 144 ($1.88) price target on shares of Vodafone Group in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of GBX 191.18 ($2.50).

Shares of LON VOD traded down GBX 4.98 ($0.07) during midday trading on Wednesday, hitting GBX 154.60 ($2.02). The company’s stock had a trading volume of 217,345,967 shares, compared to its average volume of 61,020,000. The company has a current ratio of 0.99, a quick ratio of 0.93 and a debt-to-equity ratio of 124.73. The business’s 50 day moving average is GBX 160.47 and its two-hundred day moving average is GBX 144.75. Vodafone Group has a 12-month low of GBX 122.22 ($1.60) and a 12-month high of GBX 171.78 ($2.24). The firm has a market cap of $41.48 billion and a P/E ratio of -5.48.

The company also recently disclosed a dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, November 28th will be paid a €0.05 ($0.05) dividend. The ex-dividend date is Thursday, November 28th. This represents a yield of 2.41%. This is a boost from Vodafone Group’s previous dividend of $0.04. Vodafone Group’s dividend payout ratio is -0.28%.

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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