Vodafone Group (VOD) Lowered to “Underperform” at Royal Bank of Canada

Royal Bank of Canada cut shares of Vodafone Group (LON:VOD) from an outperform rating to an underperform rating in a report released on Tuesday, Marketbeat.com reports. The firm currently has GBX 125 ($1.63) target price on the cell phone carrier’s stock, down from their prior target price of GBX 260 ($3.40).

Other research analysts have also recently issued reports about the company. Credit Suisse Group set a GBX 225 ($2.94) price objective on Vodafone Group and gave the company a buy rating in a report on Monday, October 8th. Barclays set a GBX 220 ($2.87) target price on Vodafone Group and gave the company a buy rating in a research report on Friday, October 5th. Deutsche Bank reissued a buy rating on shares of Vodafone Group in a research report on Thursday, September 13th. Numis Securities reissued a buy rating on shares of Vodafone Group in a research report on Wednesday, September 12th. Finally, JPMorgan Chase & Co. set a GBX 255 ($3.33) target price on Vodafone Group and gave the company a buy rating in a research report on Tuesday, September 11th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of GBX 209.45 ($2.74).

VOD opened at GBX 152.84 ($2.00) on Tuesday. Vodafone Group has a one year low of GBX 197.45 ($2.58) and a one year high of GBX 239.65 ($3.13).

The business also recently disclosed a dividend, which will be paid on Friday, February 1st. Stockholders of record on Thursday, November 22nd will be given a dividend of €0.05 ($0.06) per share. This represents a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, November 22nd.

In related news, insider Maria Amparo Moraleda Martinez acquired 1,570 shares of the business’s stock in a transaction dated Monday, November 26th. The shares were acquired at an average price of GBX 158 ($2.06) per share, with a total value of £2,480.60 ($3,241.34). Also, insider Margherita D. Valle sold 103,468 shares of the company’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of GBX 156 ($2.04), for a total value of £161,410.08 ($210,910.86).

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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