Vodafone Group Public (LON:VOD) Shares Pass Above 200-Day Moving Average - What's Next?

Vodafone Group Public Limited (LON:VOD - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 69.59 ($0.94) and traded as high as GBX 72.64 ($0.98). Vodafone Group Public shares last traded at GBX 72.46 ($0.98), with a volume of 62,800,047 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Citigroup reduced their price target on Vodafone Group Public from GBX 73 ($0.99) to GBX 66 ($0.89) and set a "neutral" rating for the company in a report on Tuesday, February 18th.

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 company has a market capitalization of £23.30 billion, a PE ratio of 34.97, a PEG ratio of 0.59 and a beta of 0.54. The firm has a 50-day moving average of GBX 71.01 and a 200 day moving average of GBX 69.75.

Insiders Place Their Bets

In related news, insider Luka Mucic acquired 356,000 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were purchased at an average price of GBX 72 ($0.97) per share, with a total value of £256,320 ($346,847.09). 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 45 more and have one of the world's largest IoT platforms. In Africa, our financial technology businesses serve almost 83 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.