Vodafone Group Public (LON:VOD) Reaches New 12-Month High - What's Next?

Vodafone Group Public Limited (LON:VOD - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 82.66 ($1.11) and last traded at GBX 82.40 ($1.11), with a volume of 128837039 shares traded. The stock had previously closed at GBX 82 ($1.10).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank initiated coverage on shares of Vodafone Group Public in a research note on Wednesday, June 25th. They issued a "hold" rating and a GBX 80 ($1.07) target price for the company.

Vodafone Group Public Trading Down 0.1%

The stock has a market capitalization of £24.75 billion, a PE ratio of 37.15, a P/E/G ratio of 0.59 and a beta of 0.54. The company has a quick ratio of 0.78, a current ratio of 1.37 and a debt-to-equity ratio of 96.88. The business's fifty day moving average is GBX 76.54 and its 200-day moving average is GBX 71.92.

Insider Transactions at Vodafone Group Public

In other Vodafone Group Public news, insider Margherita D. Valle bought 251,374 shares of the company's stock in a transaction dated Wednesday, June 25th. The shares were bought at an average price of GBX 77 ($1.03) per share, for a total transaction of £193,557.98 ($259,809.37). Also, insider Luka Mucic acquired 356,000 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was purchased at an average price of GBX 72 ($0.97) per share, for a total transaction of £256,320 ($344,053.69). Corporate 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.