Vodafone Group Public (LON:VOD) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Vodafone Group Public's share price recently exceeded its 200-day moving average, trading as high as GBX 87.59 ($1.19) before closing at GBX 87.49 ($1.19).
• Berenberg Bank has initiated coverage on Vodafone with a "hold" rating and a price target of GBX 80, while the consensus rating is also "hold" with a target of GBX 73.
• Approximately 0.34% of Vodafone's stock is owned by corporate insiders, with notable recent transactions including a sale of 885,183 shares by Margherita D. Valle and a purchase of 138,055 shares by Christine Ramon.

Shares of Vodafone Group Public Limited (LON:VOD - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 76.85 ($1.05) and traded as high as GBX 87.59 ($1.20). Vodafone Group Public shares last traded at GBX 87.49 ($1.19), with a volume of 47,995,059 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank assumed 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 research analysts have rated the stock with a Hold rating, According to MarketBeat, Vodafone Group Public currently has an average rating of "Hold" and an average target price of GBX 73.

Vodafone Group Public Price Performance

The company has a debt-to-equity ratio of 96.88, a current ratio of 1.37 and a quick ratio of 0.78. The firm's 50-day moving average is GBX 85.36 and its two-hundred day moving average is GBX 77.27. The company has a market cap of £20.81 billion, a P/E ratio of -541.78, a PEG ratio of 0.59 and a beta of 0.54.

Insider Activity at Vodafone Group Public

In related news, insider Margherita D. Valle sold 885,183 shares of the company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of GBX 83, for a total value of £734,701.89. Also, insider Christine Ramon acquired 138,055 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were bought at an average price of GBX 83 per share, with a total value of £114,585.65. Insiders own 0.34% 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.