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

Key Points

• Vodafone shares rose above their 200-day moving average, reaching GBX 122.10 and closing at GBX 121.45, compared with the 200-day average of GBX 116.26.
• Analyst sentiment remains mixed: Berenberg upgraded the stock to “Buy” with a GBX 140 target, while Deutsche Bank maintained a “Buy” rating with a GBX 160 target. Overall, MarketBeat reports a “Hold” consensus and an average target of GBX 119.
• Vodafone has a £28.14 billion market capitalization and relatively high leverage, with a debt-to-equity ratio of 103.96; insiders own 0.48% of the company, with recent purchases and a large insider sale reported.

Vodafone Group Public Limited (LON:VOD - Get Free Report) shares crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 116.26 and traded as high as GBX 122.10. Vodafone Group Public shares last traded at GBX 121.45, with a volume of 81,627,242 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have weighed in on VOD. Berenberg Bank upgraded Vodafone Group Public to a "buy" rating and lifted their target price for the company from GBX 123 to GBX 140 in a research note on Friday, October 2nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 160 price target on shares of Vodafone Group Public in a research note on Friday, October 9th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of GBX 119.

Vodafone Group Public Price Performance

The company has a debt-to-equity ratio of 103.96, a current ratio of 1.07 and a quick ratio of 0.78. The company's 50 day moving average is GBX 122.91 and its 200 day moving average is GBX 116.26. The stock has a market cap of £28.14 billion, a price-to-earnings ratio of -73.61, a PEG ratio of 0.59 and a beta of 0.33.

Insider Activity at Vodafone Group Public

In related news, insider Jean-François Van Boxmeer purchased 22,076 shares of Vodafone Group Public stock in a transaction dated Tuesday, August 4th. The stock was bought at an average cost of GBX 122 per share, for a total transaction of £26,932.72. Also, insider Margherita D. Valle sold 2,658,846 shares of Vodafone Group Public stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of GBX 122, for a total transaction of £3,243,792.12. In the last ninety days, insiders purchased 25,904 shares of company stock valued at $3,147,577. 0.48% of the stock is currently owned by corporate insiders.

About Vodafone Group Public

everyone.connected Vodafone is a leading European and African telecoms company. We serve around 370 million mobile and broadband customers, operating networks in 17 countries with investments in a further three 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 eight African countries – managing more transactions than any other provider. From the seabed to the stars, Vodafone's mission is to connect everyone. For more information, please visit www.vodafone.com follow us on X at @VodafoneGroup or connect with us on LinkedIn at www.linkedin.com/company/vodafone.

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