Vodafone Group’s (VOD) “Buy” Rating Reiterated at UBS Group

UBS Group reiterated their buy rating on shares of Vodafone Group (LON:VOD) in a research report report published on Monday, ThisIsMoney.Co.Uk reports.

VOD has been the subject of several other reports. Numis Securities reaffirmed a buy rating on shares of Vodafone Group in a report on Wednesday, May 15th. Citigroup reaffirmed a buy rating and set a GBX 180 ($2.35) target price on shares of Vodafone Group in a report on Tuesday, May 7th. Deutsche Bank reaffirmed a buy rating and set a GBX 240 ($3.14) target price on shares of Vodafone Group in a report on Monday. HSBC set a GBX 160 ($2.09) target price on Vodafone Group and gave the company a buy rating in a report on Friday, July 19th. Finally, Credit Suisse Group set a GBX 190 ($2.48) target price on Vodafone Group and gave the company a buy rating in a report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and fifteen have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of GBX 185.06 ($2.42).

Shares of LON VOD opened at GBX 151.38 ($1.98) on Monday. Vodafone Group has a 12 month low of GBX 122.22 ($1.60) and a 12 month high of GBX 188.30 ($2.46). The stock has a market capitalization of $40.11 billion and a P/E ratio of -5.37. The company has a debt-to-equity ratio of 90.23, a quick ratio of 1.39 and a current ratio of 1.55. The company’s fifty day moving average is GBX 131.89.

The firm also recently disclosed a dividend, which will be paid on Friday, August 2nd. Investors of record on Thursday, June 6th will be paid a €0.04 ($0.05) dividend. This represents a yield of 3.6%. The ex-dividend date is Thursday, June 6th. Vodafone Group’s dividend payout ratio is currently -0.28%.

In other news, insider Nick Read bought 387,888 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were bought at an average cost of GBX 125 ($1.63) per share, with a total value of £484,860 ($633,555.47). Also, insider Margherita D. Valle sold 109,102 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of GBX 129 ($1.69), for a total value of £140,741.58 ($183,903.80).

Vodafone Group Company Profile

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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