Vodafone Group Public (LON:VOD) Coverage Initiated by Analysts at Berenberg Bank

Berenberg Bank started coverage on shares of Vodafone Group Public (LON:VOD - Free Report) in a research note published on Wednesday, MarketBeat Ratings reports. The brokerage issued a hold rating and a GBX 80 ($1.10) price target on the cell phone carrier's stock.

Vodafone Group Public Trading Down 0.1%

LON:VOD traded down GBX 0.10 ($0.00) during midday trading on Wednesday, reaching GBX 77.54 ($1.06). 120,478,250 shares of the stock traded hands, compared to its average volume of 99,349,602. The company has a fifty day moving average of GBX 73.90 and a 200 day moving average of GBX 70.64. Vodafone Group Public has a 12 month low of GBX 62.40 ($0.86) and a 12 month high of GBX 79.50 ($1.09). The company has a debt-to-equity ratio of 96.88, a quick ratio of 0.78 and a current ratio of 1.37. The stock has a market capitalization of £23.43 billion, a P/E ratio of 35.17, a PEG ratio of 0.59 and a beta of 0.54.

Insider Activity at Vodafone Group Public

In other news, insider Margherita D. Valle purchased 251,374 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was bought at an average cost of GBX 77 ($1.06) per share, for a total transaction of £193,557.98 ($265,548.06). Also, insider Luka Mucic purchased 356,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were purchased at an average price of GBX 72 ($0.99) per share, with a total value of £256,320 ($351,653.18). 5.90% of the stock is currently owned by company insiders.

About Vodafone Group Public

Vodafone is a leading European and African telecoms company. We provide mobile and fixed services to over 340 million customers in 15 countries, partner with mobile networks in over 40 more and have one of the world's largest IoT platforms. In Africa, our financial technology businesses serve almost 88 million customers across seven countries – managing more transactions than any other provider. Our purpose is to connect for a better future by using technology to improve lives, businesses and help progress inclusive sustainable societies.