Vodafone Group Public (LON:VOD) Sets New 1-Year High – Here’s What Happened

Vodafone Group Public Limited (LON:VOD) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 97.68 and last traded at GBX 96.94, with a volume of 89310000 shares changing hands. The stock had previously closed at GBX 97.26.

Analyst Upgrades and Downgrades

VOD has been the topic of several analyst reports. Citigroup lifted their target price on shares of Vodafone Group Public from GBX 75 to GBX 85 and gave the company a “neutral” rating in a report on Tuesday, October 14th. Berenberg Bank raised their price objective on shares of Vodafone Group Public from GBX 80 to GBX 82 and gave the company a “hold” rating in a research report on Friday, October 17th. JPMorgan Chase & Co. lifted their price objective on Vodafone Group Public from GBX 62 to GBX 71 and gave the company an “underweight” rating in a report on Friday, November 28th. UBS Group reissued a “neutral” rating and set a GBX 72 target price on shares of Vodafone Group Public in a research note on Friday, November 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Vodafone Group Public from GBX 135 to GBX 140 and gave the company a “buy” rating in a report on Tuesday, October 14th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 90.

Vodafone Group Public Stock Down 0.5%

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 company has a market capitalization of £22.99 billion, a price-to-earnings ratio of -5.85, a price-to-earnings-growth ratio of 0.59 and a beta of 0.54. The firm’s 50-day simple moving average is GBX 92.61 and its two-hundred day simple moving average is GBX 86.77.

Insiders Place Their Bets

In other news, insider Anne-Francoise Nesmes acquired 20,911 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was purchased at an average cost of GBX 95 per share, with a total value of £19,865.45. 0.43% of the stock is owned by insiders.

About Vodafone Group Public

Vodafone is a leading European and African telecoms company.

We serve over 355 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. Vodafone runs one of the world’s largest IoT platforms, with 215 million IoT connections globally, and we provide financial services to around 92 million customers across seven African countries – managing more transactions than any other provider.

From the seabed to the stars, Vodafone’s purpose is to keep everyone connected.

For more information, please visit www.vodafone.com follow us on X at @VodafoneGroup or connect with us on LinkedIn at www.linkedin.com/company/vodafone.