Vodafone Group’s (VOD) Underperform Rating Reaffirmed at Macquarie

Macquarie reissued their underperform rating on shares of Vodafone Group (LON:VOD) in a report released on Friday. The brokerage currently has a GBX 125 ($1.63) price target on the cell phone carrier’s stock.

VOD has been the subject of several other research reports. Sanford C. Bernstein set a GBX 220 ($2.87) price objective on Vodafone Group and gave the company a neutral rating in a research note on Tuesday, July 17th. UBS Group reaffirmed a buy rating and issued a GBX 230 ($3.01) price objective (down previously from GBX 250 ($3.27)) on shares of Vodafone Group in a research note on Monday, October 29th. JPMorgan Chase & Co. set a GBX 255 ($3.33) price objective on Vodafone Group and gave the company a buy rating in a research note on Tuesday, September 11th. Jefferies Financial Group set a GBX 165 ($2.16) target price on shares of Vodafone Group and gave the company a neutral rating in a research report on Monday, October 8th. Finally, Credit Suisse Group set a GBX 235 ($3.07) target price on shares of Vodafone Group and gave the company a buy rating in a research report on Thursday, July 26th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of GBX 222.62 ($2.91).

Shares of Vodafone Group stock traded down GBX 3.16 ($0.04) on Friday, hitting GBX 143.92 ($1.88). The stock had a trading volume of 74,277,525 shares, compared to its average volume of 61,020,000. Vodafone Group has a twelve month low of GBX 197.45 ($2.58) and a twelve month high of GBX 239.65 ($3.13).

In related news, insider Michel Demare acquired 50,000 shares of Vodafone Group stock in a transaction dated Tuesday, September 18th. The stock was bought at an average price of GBX 168 ($2.20) per share, with a total value of £84,000 ($109,760.88). Also, insider Margherita D. Valle acquired 180,182 shares of Vodafone Group stock in a transaction dated Friday, September 7th. The shares were bought at an average cost of GBX 165 ($2.16) per share, with a total value of £297,300.30 ($388,475.50). Insiders have acquired a total of 236,564 shares of company stock valued at $39,189,442 in the last three months.

About Vodafone Group

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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