Vodafone Group Public (LON:VOD) Shares Pass Above 200 Day Moving Average - Here's Why

Key Points

• Vodafone Group Public's shares have recently crossed above their 200-day moving average, indicating a potential upward trend in stock performance.
• The company's current stock price is at GBX 85.53 ($1.15) with a market capitalization of £20.75 billion and a PE ratio of -540.23.
• An insider sold 885,183 shares for approximately £734,701 while another insider purchased 138,055 shares, highlighting recent insider trading activity within the company.

Vodafone Group Public Limited (LON:VOD - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 78.17 ($1.05) and traded as high as GBX 86 ($1.16). Vodafone Group Public shares last traded at GBX 85.53 ($1.15), with a volume of 35,779,793 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank began coverage on Vodafone Group Public in a 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, Based on data from MarketBeat.com, Vodafone Group Public has an average rating of "Hold" and a consensus price target of GBX 73.

Vodafone Group Public Stock Performance

The company has a market capitalization of £20.75 billion, a PE ratio of -540.23, a PEG 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 company has a 50-day moving average price of GBX 86.01 and a two-hundred day moving average price of GBX 78.17.

Insider Activity

In related news, insider Margherita D. Valle sold 885,183 shares of the business's 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 Vodafone Group Public stock in a transaction that occurred on Wednesday, August 6th. The shares were acquired at an average price of GBX 83 per share, with a total value of £114,585.65. 0.34% of the stock is owned by 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.

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