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

Shares of Vodafone Group Public Limited (LON:VOD) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 74.54 ($1.00) and traded as high as GBX 88.80 ($1.19). Vodafone Group Public shares last traded at GBX 87.74 ($1.18), with a volume of 40,663,773 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank began coverage on Vodafone Group Public in a research report on Wednesday, June 25th. They issued a “hold” rating and a GBX 80 price objective on the stock. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Vodafone Group Public has a consensus rating of “Hold” and an average target price of GBX 73.

Vodafone Group Public Price Performance

The firm has a market capitalization of £26.78 billion, a P/E ratio of 40.18, a PEG ratio of 0.59 and a beta of 0.54. The company has a debt-to-equity ratio of 96.88, a quick ratio of 0.78 and a current ratio of 1.37. The firm has a 50-day moving average of GBX 81.25 and a 200-day moving average of GBX 74.54.

Insiders Place Their Bets

In other Vodafone Group Public news, insider Margherita D. Valle sold 885,183 shares of the business’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of GBX 83, for a total transaction of £734,701.89. Also, insider Christine Ramon bought 138,055 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were bought at an average price of GBX 83 per share, with a total value of £114,585.65. 5.90% of the stock is currently owned by insiders.

About Vodafone Group Public

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.