Vodafone Group plc (VOD) Given Average Recommendation of “Hold” by Brokerages

Vodafone Group plc (LON:VOD) has been assigned a consensus recommendation of “Hold” from the twenty brokerages that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 198.73 ($2.60).

A number of analysts recently weighed in on VOD shares. Deutsche Bank restated a “buy” rating on shares of Vodafone Group in a report on Friday. Barclays restated an “overweight” rating on shares of Vodafone Group in a report on Wednesday, November 14th. 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 Tuesday, December 4th. UBS Group restated a “buy” rating and issued a GBX 230 ($3.01) price objective (down from GBX 230 ($3.01)) on shares of Vodafone Group in a report on Tuesday, November 13th. Finally, Berenberg Bank decreased their price objective on Vodafone Group from GBX 253 ($3.31) to GBX 243 ($3.18) and set a “buy” rating for the company in a report on Wednesday, September 19th.

Shares of LON:VOD traded down GBX 0.90 ($0.01) during trading on Friday, hitting GBX 152.84 ($2.00). 47,490,261 shares of the company were exchanged, compared to its average volume of 61,020,000. Vodafone Group has a 1-year low of GBX 197.45 ($2.58) and a 1-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. The ex-dividend date is Thursday, November 22nd. This represents a dividend yield of 2.93%.

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

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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