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

Shares of Vodafone Group Public Limited (LON:VOD - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 70 ($0.94) and traded as high as GBX 72.52 ($0.97). Vodafone Group Public shares last traded at GBX 72.20 ($0.97), with a volume of 88,787,398 shares traded.

Wall Street Analysts Forecast Growth

Separately, Citigroup reduced their target price on shares of Vodafone Group Public from GBX 73 ($0.98) to GBX 66 ($0.89) and set a "neutral" rating for the company in a research report on Tuesday, February 18th.

Vodafone Group Public Price Performance

The firm has a 50 day moving average price of GBX 70.16 and a two-hundred day moving average price of GBX 69.83. The company has a market cap of £21.35 billion, a P/E ratio of 32.05, a P/E/G ratio of 0.59 and a beta of 0.54. The company has a debt-to-equity ratio of 96.88, a quick ratio of 0.78 and a current ratio of 1.37.

Vodafone Group Public Company Profile

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.