Vodafone Group plc (VOD) Given “Buy” Rating at Deutsche Bank AG

Vodafone Group plc (LON:VOD)‘s stock had its “buy” rating reissued by equities research analysts at Deutsche Bank AG in a research report issued to clients and investors on Wednesday, August 9th. They currently have a GBX 300 ($3.89) price objective on the cell phone carrier’s stock. Deutsche Bank AG’s price target suggests a potential upside of 36.96% from the stock’s previous close.

Several other research firms also recently weighed in on VOD. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 275 ($3.57) target price on shares of Vodafone Group plc in a research report on Monday, July 24th. Berenberg Bank lifted their price objective on Vodafone Group plc from GBX 250 ($3.25) to GBX 259 ($3.36) and gave the company a “buy” rating in a report on Monday, June 12th. Barclays PLC restated an “equal weight” rating and issued a GBX 225 ($2.92) price objective on shares of Vodafone Group plc in a report on Friday, July 7th. BNP Paribas reiterated a “neutral” rating and issued a GBX 235 ($3.05) target price on shares of Vodafone Group plc in a research note on Tuesday, July 18th. Finally, Credit Suisse Group boosted their price target on Vodafone Group plc from GBX 240 ($3.12) to GBX 250 ($3.25) and gave the stock an “outperform” rating in a research note on Monday, August 7th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. Vodafone Group plc presently has a consensus rating of “Hold” and a consensus target price of GBX 245.13 ($3.18).

Shares of Vodafone Group plc (VOD) opened at 219.05 on Wednesday. The firm’s market capitalization is GBX 58.32 billion. Vodafone Group plc has a 52-week low of GBX 186.50 and a 52-week high of GBX 237.55. The stock’s 50 day moving average is GBX 221.09 and its 200 day moving average is GBX 212.40.

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In other news, insider Nick Read sold 574,525 shares of Vodafone Group plc stock in a transaction on Monday, June 26th. The stock was sold at an average price of GBX 224 ($2.91), for a total value of £1,286,936 ($1,670,694.53). Also, insider Vivek Badrinath acquired 246,071 shares of the stock in a transaction dated Friday, August 4th. The stock was acquired at an average cost of GBX 225 ($2.92) per share, with a total value of £553,659.75 ($718,758.60).

Vodafone Group plc Company Profile

Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.

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