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

Shares of Vodafone Group Public Limited (LON:VOD - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 78.56 ($1.05) and traded as high as GBX 84.52 ($1.13). Vodafone Group Public shares last traded at GBX 84.20 ($1.13), with a volume of 40,599,914 shares trading hands.

Analysts Set New Price Targets

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

Vodafone Group Public Price Performance

The firm has a market capitalization of £20.25 billion, a price-to-earnings ratio of -529.74, a P/E/G 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's 50 day moving average is GBX 86.11 and its 200 day moving average is GBX 78.56.

Insider Transactions at Vodafone Group Public

In other news, insider Christine Ramon acquired 138,055 shares of Vodafone Group Public stock in a transaction 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. Also, 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. Corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.