Vodafone Group (LON:VOD)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank in a research report issued on Monday, Borsen Zeitung reports. They currently have a GBX 240 ($3.14) target price on the cell phone carrier’s stock. Deutsche Bank’s price target indicates a potential upside of 58.69% from the stock’s previous close.
A number of other analysts also recently issued reports on the stock. Berenberg Bank reissued a “hold” rating and issued a GBX 240 ($3.14) price objective on shares of in a report on Thursday, June 20th. Macquarie set a €13.50 ($15.70) price objective on shares of Deutsche Telekom and gave the company a “neutral” rating in a report on Thursday, June 13th. Numis Securities reissued a “buy” rating and issued a GBX 500 ($6.53) price objective on shares of PureCircle in a report on Wednesday, May 15th. JPMorgan Chase & Co. boosted their price objective on shares of PROS from $55.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Finally, Barclays set a $82.00 target price on shares of Baxter International and gave the company a “hold” rating in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 185.06 ($2.42).
LON VOD opened at GBX 151.24 ($1.98) on Monday. The company has a quick ratio of 1.39, a current ratio of 1.55 and a debt-to-equity ratio of 90.23. The company has a market cap of $40.42 billion and a P/E ratio of -5.36. Vodafone Group has a 12-month low of GBX 122.22 ($1.60) and a 12-month high of GBX 188.46 ($2.46). The firm has a 50-day simple moving average of GBX 131.50.
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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