Vodafone Group Public (LON:VOD) Shares Cross Above 200-Day Moving Average - Should You Sell?

Key Points

• Vodafone shares rose above their 200-day moving average, reaching GBX 119.90 before last trading at GBX 118.92 on heavy volume of more than 51 million shares.
• Analyst sentiment is mixed: Deutsche Bank maintains a “buy” rating with a GBX 155 target, while UBS rates the stock “sell” with a GBX 95 target. The overall consensus is “Hold”, with a GBX 114.60 target price.
• Recent insider activity was mixed, with one insider buying shares while another sold more than 2.6 million shares; insiders own approximately 0.45% of Vodafone.

Shares of Vodafone Group Public Limited (LON:VOD - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 112.24 and traded as high as GBX 119.90. Vodafone Group Public shares last traded at GBX 118.92, with a volume of 51,026,555 shares.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 155 target price on shares of Vodafone Group Public in a report on Tuesday, May 12th. UBS Group reissued a "sell" rating and issued a GBX 95 price objective on shares of Vodafone Group Public in a research note on Monday, May 11th. Finally, Citigroup upped their target price on shares of Vodafone Group Public from GBX 100 to GBX 115 and gave the stock a "neutral" rating in a report on Wednesday, April 15th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of GBX 114.60.

Vodafone Group Public Price Performance

The stock has a 50 day simple moving average of GBX 111.35 and a two-hundred day simple moving average of GBX 112.24. The company has a market cap of £27.48 billion, a price-to-earnings ratio of -72.08, a price-to-earnings-growth ratio of 0.59 and a beta of 0.33. The company has a debt-to-equity ratio of 103.96, a current ratio of 1.07 and a quick ratio of 0.78.

Insider Buying and Selling

In related news, insider Simon Dingemans purchased 867 shares of Vodafone Group Public stock in a transaction dated Thursday, July 30th. The shares were acquired at an average price of GBX 121 per share, for a total transaction of £1,049.07. Also, insider Margherita D. Valle sold 2,658,846 shares of the business's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of GBX 122, for a total transaction of £3,243,792.12. Insiders have acquired 25,904 shares of company stock worth $3,147,577 in the last quarter. 0.45% of the stock is currently owned by insiders.

Vodafone Group Public Company Profile

Vodafone is a leading European and African telecoms company. We serve around 370 million mobile and broadband customers, operating networks in 15 countries with investments in a further four and partners in over 40 more. We have capacity on more than 70 subsea cable systems – the backbone of the internet – and we are developing a new direct-to-mobile satellite communications service to connect areas without coverage. Vodafone runs one of the world's largest IoT platforms, with over 240 million IoT connections globally, and we provide financial services to around 103 million customers across seven African countries – managing more transactions than any other provider. From the seabed to the stars, Vodafone's purpose is to keep everyone connected.

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