Berenberg Bank upgraded shares of Vodafone Group Public (LON:VOD – Free Report) to a buy rating in a research report report published on Friday, MarketBeat.com reports. Berenberg Bank currently has GBX 140 price target on the cell phone carrier’s stock, up from their prior price target of GBX 123.
Vodafone Group Public Stock Up 2.2%
Shares of LON:VOD opened at GBX 126.80 on Friday. The stock’s 50-day moving average is GBX 122.26 and its 200 day moving average is GBX 115.38. The company has a market cap of £29.35 billion, a PE ratio of -76.85, a P/E/G ratio of 0.59 and a beta of 0.33. The company has a debt-to-equity ratio of 103.96, a current ratio of 1.07 and a quick ratio of 0.78. Vodafone Group Public has a 1 year low of GBX 83.40 and a 1 year high of GBX 132.07.
Insider Activity at Vodafone Group Public
In related news, insider Simon Dingemans bought 867 shares of the company’s stock in a transaction dated Thursday, July 30th. The stock was purchased at an average cost of GBX 121 per share, with a total value of £1,049.07. Also, insider Jean-François Van Boxmeer bought 22,076 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was bought at an average cost of GBX 122 per share, with a total value of £26,932.72. Insiders acquired a total of 25,904 shares of company stock valued at $3,147,577 in the last 90 days. 0.48% of the stock is owned by company insiders.
About Vodafone Group Public
Vodafone is a leading European and African telecoms company.
We serve around 370 million mobile and broadband customers, operating networks in 15 countries with investments in a further four and partners in over 40 more. We have capacity on more than 70 subsea cable systems – the backbone of the internet – 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 over 240 million IoT connections globally, and we provide financial services to around 103 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.
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