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

Key Points

• Vodafone Group Public shares have crossed above their 200-day moving average, indicating a potential shift in market sentiment, with the stock trading recently at GBX 85.32 ($1.15).
• Berenberg Bank has initiated coverage with a "hold" rating and a target price of GBX 80, while the consensus rating remains a "hold" with a price target of GBX 73.
• Insider activity includes the purchase of 138,055 shares by Christine Ramon at GBX 83 each, and the sale of 885,183 shares by Margherita D. Valle at the same price, signaling varied confidence among company insiders.

Vodafone Group Public Limited (LON:VOD - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 77.53 ($1.05) and traded as high as GBX 86.27 ($1.17). Vodafone Group Public shares last traded at GBX 85.32 ($1.15), with a volume of 187,684,766 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank assumed coverage on Vodafone Group Public in a research note on Wednesday, June 25th. They issued a "hold" rating and a GBX 80 price objective on the stock. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of GBX 73.

Vodafone Group Public Stock Performance

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 stock has a 50 day simple moving average of GBX 85.71 and a two-hundred day simple moving average of GBX 77.73. The stock has a market capitalization of £20.43 billion, a P/E ratio of -531.87, a P/E/G ratio of 0.59 and a beta of 0.54.

Insider Activity at Vodafone Group Public

In related news, insider Margherita D. Valle sold 885,183 shares of Vodafone Group Public stock in a transaction that occurred on Monday, July 28th. The shares were 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 stock was bought at an average price of GBX 83 per share, for a total transaction of £114,585.65. 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.