Vodafone Group Public (LON:VOD) Share Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• Vodafone Group Public's stock price surpassed its 200-day moving average for the first time, trading as high as GBX 87.38, closing at GBX 87.08 with a volume of about 39.5 million shares.
• Berenberg Bank has initiated coverage with a "hold" rating and set a target price of GBX 80, while the consensus target price among analysts is currently GBX 73.
• Insider transactions included the purchase of 138,055 shares by Christine Ramon and the sale of 885,183 shares by Margherita D. Valle, reflecting active insider participation in the company.

Shares of Vodafone Group Public Limited (LON:VOD - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 75.95 ($1.03) and traded as high as GBX 87.38 ($1.18). Vodafone Group Public shares last traded at GBX 87.08 ($1.18), with a volume of 39,518,875 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank initiated coverage on shares of Vodafone Group Public in a research report on Wednesday, June 25th. They set a "hold" rating and a GBX 80 price target on the stock. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Vodafone Group Public has a consensus rating of "Hold" and an average price target of GBX 73.

Vodafone Group Public Trading Down 0.0%

The company has a 50 day moving average of GBX 84.23 and a 200-day moving average of GBX 76.33. 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 cap of £21.35 billion, a price-to-earnings ratio of -551.19, a price-to-earnings-growth ratio of 0.59 and a beta of 0.54.

Insider Activity

In related news, insider Margherita D. Valle sold 885,183 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of GBX 83, for a total transaction of £734,701.89. Also, insider Christine Ramon bought 138,055 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were purchased at an average cost of GBX 83 per share, for a total transaction of £114,585.65. 0.34% of the stock is currently owned by corporate insiders.

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.