Credit Suisse Group Lowers Vodafone Group Public (NASDAQ:VOD) Price Target to GBX 140

Vodafone Group Public (NASDAQ:VODGet Rating) had its price objective cut by analysts at Credit Suisse Group from GBX 150 ($1.85) to GBX 140 ($1.73) in a research note issued to investors on Wednesday, The Fly reports.

VOD has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Vodafone Group Public from GBX 230 ($2.84) to GBX 225 ($2.77) in a research report on Friday, April 1st. Barclays reduced their price objective on shares of Vodafone Group Public from GBX 165 ($2.03) to GBX 155 ($1.91) and set an “overweight” rating on the stock in a research report on Friday, April 1st. Zacks Investment Research downgraded shares of Vodafone Group Public from a “buy” rating to a “hold” rating in a research report on Saturday, April 23rd. Jefferies Financial Group downgraded shares of Vodafone Group Public from a “buy” rating to a “hold” rating in a research report on Thursday, May 12th. Finally, Citigroup initiated coverage on shares of Vodafone Group Public in a research report on Wednesday. They set a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Vodafone Group Public has a consensus rating of “Buy” and an average target price of $117.11.

Shares of NASDAQ VOD traded down $0.44 during mid-day trading on Wednesday, hitting $14.75. The stock had a trading volume of 568,318 shares, compared to its average volume of 6,354,492. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 1.00. Vodafone Group Public has a 1 year low of $14.42 and a 1 year high of $19.14. The business has a 50 day moving average price of $16.33 and a two-hundred day moving average price of $16.27.

A number of large investors have recently made changes to their positions in the business. Kenfarb & CO. purchased a new stake in shares of Vodafone Group Public in the fourth quarter valued at approximately $224,000. Tcwp LLC purchased a new stake in shares of Vodafone Group Public in the first quarter valued at approximately $26,000. Kings Point Capital Management purchased a new stake in shares of Vodafone Group Public in the third quarter valued at approximately $25,000. Elmwood Wealth Management Inc. purchased a new stake in shares of Vodafone Group Public in the fourth quarter valued at approximately $27,000. Finally, Clearstead Advisors LLC purchased a new stake in shares of Vodafone Group Public in the fourth quarter valued at approximately $27,000. 9.07% of the stock is owned by institutional investors.

Vodafone Group Public Company Profile (Get Rating)

Vodafone Group Public Limited Company engages in telecommunication services in Europe and internationally. The company offers mobile services that enable customers to call, text, and access data; fixed line services, including broadband, television (TV) offerings, and voice; and convergence services under the GigaKombi and Vodafone One names to customers.

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