Berenberg Bank Reiterates “Buy” Rating for Vodafone Group (LON:VOD)

Berenberg Bank restated their buy rating on shares of Vodafone Group (LON:VOD) in a research report released on Monday morning, Digital Look reports. They currently have a GBX 175 ($2.29) target price on the cell phone carrier’s stock.

A number of other research firms also recently issued reports on VOD. JPMorgan Chase & Co. cut their price objective on shares of 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. HSBC set a GBX 190 ($2.48) price objective on shares of Vodafone Group and gave the stock a buy rating in a report on Thursday, September 19th. Citigroup reaffirmed a buy rating and set a GBX 185 ($2.42) price objective on shares of Vodafone Group in a report on Thursday, November 7th. Morgan Stanley reaffirmed an overweight rating on shares of Vodafone Group in a report on Monday, November 11th. Finally, Jefferies Financial Group reaffirmed a hold rating and set a GBX 144 ($1.88) price objective on shares of Vodafone Group in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have issued a buy rating to the company’s stock. Vodafone Group has an average rating of Buy and a consensus price target of GBX 191.18 ($2.50).

VOD traded up GBX 1.12 ($0.01) during mid-day trading on Monday, reaching GBX 153.24 ($2.00). 60,744,700 shares of the stock were exchanged, compared to its average volume of 61,020,000. The company has a debt-to-equity ratio of 124.73, a quick ratio of 0.93 and a current ratio of 0.99. The stock has a market capitalization of $41.02 billion and a PE ratio of -5.43. The company has a 50 day moving average price of GBX 159.78 and a two-hundred day moving average price of GBX 145. Vodafone Group has a 1 year low of GBX 122.22 ($1.60) and a 1 year high of GBX 171.78 ($2.24).

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