Vodafone Group Public (LON:VOD) Shares Cross Above 200 Day Moving Average - Time to Sell?

Key Points

• Vodafone Group's stock price surpassed its 200-day moving average of GBX 73.83, reaching a high of GBX 86.54 during trading.
• Berenberg Bank initiated coverage with a "hold" rating and set a target price of GBX 80 for Vodafone shares.
• Insider trading activity included the sale of 885,183 shares by Margherita D. Valle and the purchase of 356,000 shares by Luka Mucic, indicating mixed confidence among executives.

Vodafone Group Public Limited (LON:VOD - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 73.83 ($1.00) and traded as high as GBX 86.54 ($1.17). Vodafone Group Public shares last traded at GBX 85.94 ($1.16), with a volume of 43,346,902 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank assumed coverage on shares of Vodafone Group Public in a research note on Wednesday, June 25th. They set a "hold" rating and a GBX 80 ($1.08) target price for the company.

Vodafone Group Public Trading Up 0.1%

The firm's 50-day moving average price is GBX 80.38 and its 200 day moving average price is GBX 74.16. The company has a market cap of £26.04 billion, a price-to-earnings ratio of 39.08, a P/E/G ratio of 0.59 and a beta of 0.54. The company has a current ratio of 1.37, a quick ratio of 0.78 and a debt-to-equity ratio of 96.88.

Insider Buying and Selling

In other Vodafone Group Public news, insider Margherita D. Valle sold 885,183 shares of Vodafone Group Public stock in a transaction on Monday, July 28th. The shares were sold at an average price of GBX 83 ($1.12), for a total value of £734,701.89 ($995,800.88). Also, insider Christine Ramon acquired 138,055 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were bought at an average price of GBX 83 ($1.12) per share, for a total transaction of £114,585.65 ($155,307.20). Insiders have purchased a total of 745,429 shares of company stock valued at $56,446,363 over the last ninety days. 5.90% of the stock is owned by corporate insiders.

About Vodafone Group Public

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.