Berenberg Bank Begins Coverage on Vodafone Group Public (LON:VOD)

Berenberg Bank assumed coverage on shares of Vodafone Group Public (LON:VOD - Free Report) in a research report sent to investors on Wednesday morning, Marketbeat reports. The firm issued a hold rating and a GBX 80 ($1.10) price target on the cell phone carrier's stock.

Vodafone Group Public Stock Down 0.1%

Shares of LON:VOD traded down GBX 0.10 ($0.00) during midday trading on Wednesday, reaching GBX 77.54 ($1.06). The company had a trading volume of 120,478,250 shares, compared to its average volume of 99,349,602. 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. The stock's fifty day moving average price is GBX 73.76 and its 200-day moving average price is GBX 70.56. The company has a debt-to-equity ratio of 96.88, a current ratio of 1.37 and a quick ratio of 0.78. Vodafone Group Public has a one year low of GBX 62.40 ($0.86) and a one year high of GBX 79.50 ($1.09).

Insider Transactions at Vodafone Group Public

In other Vodafone Group Public news, insider Luka Mucic bought 356,000 shares of the business's stock in a transaction 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 ($351,749.69). Also, insider Margherita D. Valle bought 251,374 shares of the firm's stock in a transaction on Wednesday, June 25th. The stock was bought at an average price of GBX 77 ($1.06) per share, with a total value of £193,557.98 ($265,620.94). Insiders own 5.90% of the company's stock.

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.