Vodafone Group (LON:VOD) had its price target cut by Societe Generale from GBX 150 ($1.96) to GBX 130 ($1.70) in a research report sent to investors on Tuesday morning. They currently have a sell rating on the cell phone carrier’s stock.
Several other brokerages have also recently commented on VOD. Barclays dropped their target price on shares of Vodafone Group from GBX 260 ($3.40) to GBX 250 ($3.27) and set an overweight rating for the company in a research report on Wednesday, July 11th. Kepler Capital Markets assumed coverage on shares of Vodafone Group in a research report on Wednesday, July 11th. They issued a reduce rating and a GBX 180 ($2.35) target price for the company. Sanford C. Bernstein set a GBX 220 ($2.87) target price on shares of Vodafone Group and gave the company a neutral rating in a research report on Tuesday, July 17th. Deutsche Bank dropped their target price on shares of Vodafone Group from GBX 280 ($3.66) to GBX 275 ($3.59) and set a buy rating for the company in a research report on Tuesday, July 17th. Finally, Credit Suisse Group set a GBX 235 ($3.07) target price on shares of Vodafone Group and gave the company a buy rating in a research report on Monday, July 16th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of GBX 222.62 ($2.91).
Shares of LON:VOD traded down GBX 3.16 ($0.04) during midday trading on Tuesday, hitting GBX 143.92 ($1.88). The stock had a trading volume of 74,277,525 shares, compared to its average volume of 61,020,000. Vodafone Group has a fifty-two week low of GBX 197.45 ($2.58) and a fifty-two week high of GBX 239.65 ($3.13).
Vodafone Group Company Profile
Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.
Read More: Liquidity
Receive News & Ratings for Vodafone Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vodafone Group and related companies with MarketBeat.com's FREE daily email newsletter.