Vodafone Group Public (LON:VOD) Share Price Passes Above 200-Day Moving Average – Here’s Why

Vodafone Group Public Limited (LON:VOD)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 75.95 ($1.02) and traded as high as GBX 87.38 ($1.17). Vodafone Group Public shares last traded at GBX 87.08 ($1.17), with a volume of 39,518,875 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank initiated coverage on shares of Vodafone Group Public in a research report on Wednesday, June 25th. They set a “hold” rating and a GBX 80 target price on the stock. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 73.

Vodafone Group Public Stock Down 0.5%

The company’s fifty day simple moving average is GBX 83.82 and its 200-day simple moving average is GBX 75.95. The company has a debt-to-equity ratio of 96.88, a current ratio of 1.37 and a quick ratio of 0.78. The firm has a market capitalization of £21.16 billion, a PE ratio of -546.30, a price-to-earnings-growth ratio of 0.59 and a beta of 0.54.

Insider Buying and Selling at Vodafone Group Public

In other Vodafone Group Public news, insider Christine Ramon purchased 138,055 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were acquired at an average price of GBX 83 per share, for a total transaction of £114,585.65. Also, insider Margherita D. Valle sold 885,183 shares of the business’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of GBX 83, for a total value of £734,701.89. 0.34% of the stock is currently owned by insiders.

Vodafone Group Public Company Profile

Vodafone is a leading European and African telecoms company.

We serve over 340 million mobile and broadband customers, operating networks in 15 countries with investments in a further five and partners in over 40 more. Our undersea cables transport around a sixth of the world’s internet traffic, and we are developing a new direct-to-mobile satellite communications service to connect areas without coverage.