Vodafone Group Public (LON:VOD) Reaches New 1-Year High - Here's Why

Key Points

• Vodafone Group Public reached a new 52-week high of GBX 87.76 ($1.19) during trading, showing strong performance with a total of 35,953,594 shares traded.
• Berenberg Bank has initiated coverage on the stock with a "hold" rating and a price target of GBX 80, contributing to a consensus rating of "Hold" with a target price of GBX 73.
• Recent insider activity includes the sale of 885,183 shares by Margherita D. Valle, while Christine Ramon acquired 138,055 shares, indicating mixed insider sentiment.

Vodafone Group Public Limited (LON:VOD - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 87.76 ($1.19) and last traded at GBX 87.18 ($1.18), with a volume of 35953594 shares traded. The stock had previously closed at GBX 87.04 ($1.18).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank began coverage on Vodafone Group Public in a report on Wednesday, June 25th. They set a "hold" rating and a GBX 80 price target on the stock. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of GBX 73.

Vodafone Group Public Stock Performance

The stock has a 50-day moving average price of GBX 80.66 and a 200 day moving average price of GBX 74.36. The company has a market cap of £26.35 billion, a price-to-earnings ratio of 39.54, a price-to-earnings-growth ratio of 0.59 and a beta of 0.54. The company has a debt-to-equity ratio of 96.88, a current ratio of 1.37 and a quick ratio of 0.78.

Insider Buying and Selling at Vodafone Group Public

In other news, insider Margherita D. Valle sold 885,183 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of GBX 83, for a total value of £734,701.89. Also, insider Christine Ramon bought 138,055 shares of the stock in a transaction on Wednesday, August 6th. The stock was purchased at an average price of GBX 83 per share, for a total transaction of £114,585.65. Corporate insiders own 5.90% of the company's stock.

Vodafone Group Public Company Profile

Vodafone is a leading European and African telecoms company. We serve over 340 million mobile and broadband customers, operating networks in 15 countries with investments in a further five and partners in over 40 more. Our undersea cables transport around a sixth of the world's internet traffic, and we are developing a new direct-to-mobile satellite communications service to connect areas without coverage.

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