Goldman Sachs Group Initiates Coverage on Vodafone Group (LON:VOD)

Goldman Sachs Group assumed coverage on shares of Vodafone Group (LON:VOD) in a report published on Thursday morning, Borsen Zeitung reports. The brokerage issued a buy rating and a GBX 190 ($2.50) target price on the cell phone carrier’s stock.

Other research analysts have also issued research reports about the company. Kepler Capital Markets reaffirmed a buy rating and set a GBX 175 ($2.30) price target on shares of Vodafone Group in a research report on Tuesday, November 12th. Morgan Stanley boosted their price target on Vodafone Group from GBX 210 ($2.76) to GBX 215 ($2.83) and gave the stock a buy rating in a research report on Thursday, January 9th. Berenberg Bank reaffirmed a buy rating on shares of Vodafone Group in a research report on Thursday, January 9th. Credit Suisse Group set a GBX 190 ($2.50) price target on Vodafone Group and gave the stock a buy rating in a research report on Friday, November 22nd. Finally, HSBC set a GBX 190 ($2.50) price target on Vodafone Group and gave the stock a buy rating in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of GBX 193.18 ($2.54).

LON:VOD opened at GBX 154.38 ($2.03) on Thursday. The firm has a market capitalization of $41.33 billion and a price-to-earnings ratio of -5.47. 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 stock’s 50 day moving average price is GBX 149.11 and its two-hundred day moving average price is GBX 150.55. The company has a quick ratio of 0.93, a current ratio of 0.99 and a debt-to-equity ratio of 124.73.

The firm also recently announced a dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, November 28th will be issued a dividend of €0.05 ($0.05) per share. The ex-dividend date of this dividend is Thursday, November 28th. This is a positive change from Vodafone Group’s previous dividend of $0.04. This represents a dividend yield of 2.41%. Vodafone Group’s payout ratio is presently -0.28%.

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 stock was 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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