Vodafone Group Public (LON:VOD) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• Vodafone shares crossed above their 200-day moving average, reaching GBX 118.49 and closing near GBX 118.45, compared with the GBX 113.10 average. Trading volume was approximately 62.9 million shares.
• Analyst sentiment remains mixed: Deutsche Bank reiterated a “buy” rating with a GBX 155 target, while UBS maintained a “sell” rating with a GBX 95 target. Overall, the stock carries a “Hold” consensus and an average target of GBX 114.60.
• Insiders have been buying shares, with recent purchases by Jean-François Van Boxmeer and Simon Dingemans; insiders bought 25,904 shares worth about £3.15 million over the past 90 days.

Shares of Vodafone Group Public Limited (LON:VOD - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 113.10 and traded as high as GBX 118.49. Vodafone Group Public shares last traded at GBX 118.45, with a volume of 62,940,656 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VOD. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 155 target price on shares of Vodafone Group Public in a report on Tuesday, May 12th. UBS Group restated a "sell" rating and issued a GBX 95 price target on shares of Vodafone Group Public in a report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of GBX 114.60.

Vodafone Group Public Stock Up 1.2%

The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 103.96. The firm has a 50 day moving average price of GBX 113.09 and a 200-day moving average price of GBX 113.10. The firm has a market cap of £27.37 billion, a price-to-earnings ratio of -71.79, a P/E/G ratio of 0.59 and a beta of 0.33.

Insider Buying and Selling at Vodafone Group Public

In other Vodafone Group Public news, insider Jean-François Van Boxmeer purchased 22,076 shares of Vodafone Group Public stock in a transaction on Tuesday, August 4th. The shares were bought at an average price of GBX 122 per share, with a total value of £26,932.72. Also, insider Simon Dingemans purchased 867 shares of Vodafone Group Public stock in a transaction on Thursday, July 30th. The stock was acquired at an average cost of GBX 121 per share, for a total transaction of £1,049.07. Over the last 90 days, insiders have bought 25,904 shares of company stock valued at $3,147,577. Insiders own 0.45% of the company's stock.

Vodafone Group Public Company Profile

Vodafone is a leading European and African telecoms company. We serve around 370 million mobile and broadband customers, operating networks in 15 countries with investments in a further four and partners in over 40 more. We have capacity on more than 70 subsea cable systems – the backbone of the internet – and we are developing a new direct-to-mobile satellite communications service to connect areas without coverage. Vodafone runs one of the world's largest IoT platforms, with over 240 million IoT connections globally, and we provide financial services to around 103 million customers across seven African countries – managing more transactions than any other provider. From the seabed to the stars, Vodafone's purpose is to keep everyone connected.

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