Morgan Stanley Raises Vodafone Group (LON:VOD) Price Target to GBX 215

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Vodafone Group (LON:VOD) had its target price boosted by Morgan Stanley from GBX 210 ($2.76) to GBX 215 ($2.83) in a report issued on Thursday, January 9th, Borsen Zeitung reports. The firm currently has a “buy” rating on the cell phone carrier’s stock. Morgan Stanley’s price objective suggests a potential upside of 38.00% from the company’s current price.

VOD has been the topic of a number of other research reports. Macquarie raised their target price on shares of Vodafone Group from GBX 170 ($2.24) to GBX 175 ($2.30) and gave the company an “outperform” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. cut their target price on shares of Vodafone Group from GBX 225 ($2.96) to GBX 220 ($2.89) and set an “overweight” rating on the stock in a research note on Tuesday, November 12th. Credit Suisse Group set a GBX 190 ($2.50) target price on shares of Vodafone Group and gave the company a “buy” rating in a research note on Friday, November 22nd. Berenberg Bank reaffirmed a “buy” rating on shares of Vodafone Group in a report on Thursday, January 9th. Finally, Bank of America raised their price target on shares of Vodafone Group from GBX 219 ($2.88) to GBX 230 ($3.03) and gave the company a “buy” rating in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of GBX 193.18 ($2.54).

Shares of VOD stock traded down GBX 2.16 ($0.03) during trading hours on Thursday, hitting GBX 155.80 ($2.05). The company’s stock had a trading volume of 20,981,024 shares, compared to its average volume of 61,020,000. The company has a current ratio of 0.99, a quick ratio of 0.93 and a debt-to-equity ratio of 124.73. The stock has a market cap of $42.29 billion and a price-to-earnings ratio of -5.52. Vodafone Group has a twelve month low of GBX 1.69 ($0.02) and a twelve month high of GBX 169.46 ($2.23). The business has a fifty day moving average of GBX 149.19 and a 200-day moving average of GBX 150.27.

In related news, insider Vivek Badrinath sold 162,062 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of GBX 153 ($2.01), for a total transaction of £247,954.86 ($326,170.56).

Vodafone Group Company Profile

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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