Vodafone Group (LON:VOD) Hits New 1-Year Low at $1.50

Vodafone Group plc (LON:VOD) hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 1.50 ($0.02) and last traded at GBX 149.08 ($1.95), with a volume of 86165118 shares traded. The stock had previously closed at GBX 150.54 ($1.97).

A number of equities research analysts have recently weighed in on VOD shares. HSBC set a GBX 160 ($2.09) price target on Vodafone Group and gave the company a “buy” rating in a report on Friday, July 19th. Jefferies Financial Group cut their price target on Vodafone Group from GBX 165 ($2.16) to GBX 144 ($1.88) and set a “hold” rating on the stock in a report on Wednesday, July 10th. Citigroup reaffirmed a “buy” rating and set a GBX 180 ($2.35) price target on shares of Vodafone Group in a report on Tuesday, May 7th. Numis Securities reaffirmed a “buy” rating on shares of Vodafone Group in a report on Wednesday, May 15th. Finally, UBS Group reaffirmed a “buy” rating on shares of Vodafone Group in a report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 186.89 ($2.44).

The company has a current ratio of 1.55, a quick ratio of 1.39 and a debt-to-equity ratio of 90.23. The company has a market cap of $39.90 billion and a price-to-earnings ratio of -5.29. The company’s 50 day moving average is GBX 135.67.

The firm also recently declared a dividend, which was paid on Friday, August 2nd. Shareholders of record on Thursday, June 6th were given a €0.04 ($0.05) dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a yield of 3.6%. Vodafone Group’s dividend payout ratio (DPR) is -0.28%.

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

Vodafone Group Company Profile (LON:VOD)

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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