Vodafone Group Public (LON:VOD) Stock Passes Above Two Hundred Day Moving Average - Should You 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) shares 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 changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank began coverage on Vodafone Group Public in a report on Wednesday, June 25th. They issued a "hold" rating and a GBX 80 ($1.08) target price for the company.

Vodafone Group Public Trading Up 0.1%

The company has a debt-to-equity ratio of 96.88, a current ratio of 1.37 and a quick ratio of 0.78. The company has a fifty day moving average of GBX 80.38 and a 200-day moving average of GBX 74.20. The firm has a market capitalization of £26.04 billion, a PE ratio of 39.08, a price-to-earnings-growth ratio of 0.59 and a beta of 0.54.

Insider Buying and Selling

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

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.