Vodafone Group Public (NASDAQ:VOD) Price Target Lowered to GBX 120 at Barclays

Vodafone Group Public (NASDAQ:VODGet Rating) had its target price cut by Barclays from GBX 140 ($1.69) to GBX 120 ($1.45) in a research report report published on Friday morning, The Fly reports.

VOD has been the subject of a number of other research reports. StockNews.com lowered shares of Vodafone Group Public from a strong-buy rating to a buy rating in a research report on Tuesday, August 2nd. UBS Group cut their price objective on shares of Vodafone Group Public from GBX 146 ($1.76) to GBX 143 ($1.73) in a research report on Tuesday, July 26th. JPMorgan Chase & Co. dropped their price target on shares of Vodafone Group Public from GBX 168 ($2.03) to GBX 165 ($1.99) in a research report on Tuesday, July 26th. Morgan Stanley dropped their price target on shares of Vodafone Group Public from GBX 180 ($2.17) to GBX 155 ($1.87) in a research report on Wednesday, September 7th. Finally, Sanford C. Bernstein lowered shares of Vodafone Group Public from an outperform rating to a market perform rating in a research report on Monday, August 1st. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $158.00.

Vodafone Group Public Stock Performance

Shares of VOD opened at $12.48 on Friday. The company has a 50-day simple moving average of $14.28 and a 200-day simple moving average of $15.50. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 1.02. Vodafone Group Public has a 52 week low of $12.34 and a 52 week high of $19.05.

Institutional Trading of Vodafone Group Public

Several large investors have recently added to or reduced their stakes in the company. Tcwp LLC bought a new stake in shares of Vodafone Group Public during the first quarter valued at approximately $26,000. Eagle Bay Advisors LLC bought a new stake in shares of Vodafone Group Public during the second quarter valued at approximately $26,000. Clearstead Advisors LLC bought a new stake in shares of Vodafone Group Public during the fourth quarter valued at approximately $27,000. Hexagon Capital Partners LLC bought a new stake in shares of Vodafone Group Public during the second quarter valued at approximately $29,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA grew its stake in shares of Vodafone Group Public by 405.8% during the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,932 shares of the cell phone carrier’s stock valued at $30,000 after purchasing an additional 1,550 shares during the last quarter. 8.66% of the stock is owned by institutional investors.

About Vodafone Group Public

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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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