UBS Group Reaffirms “Buy” Rating for Vodafone Group (LON:VOD)

UBS Group restated their buy rating on shares of Vodafone Group (LON:VOD) in a research report released on Friday morning, ThisIsMoney.Co.Uk reports.

Several other analysts have also recently issued reports on VOD. Credit Suisse Group set a GBX 190 ($2.48) price objective on Vodafone Group and gave the stock a buy rating in a report on Thursday, November 14th. Barclays reaffirmed an overweight rating and set a GBX 200 ($2.61) price objective on shares of Vodafone Group in a report on Wednesday, November 13th. JPMorgan Chase & Co. decreased their price objective on Vodafone Group from GBX 225 ($2.94) to GBX 220 ($2.87) and set an overweight rating on the stock in a report on Tuesday, November 12th. Jefferies Financial Group reaffirmed a hold rating and set a GBX 144 ($1.88) price objective on shares of Vodafone Group in a report on Tuesday, November 12th. Finally, Macquarie upped their price objective on Vodafone Group from GBX 170 ($2.22) to GBX 175 ($2.29) and gave the stock an outperform rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of GBX 191.18 ($2.50).

Shares of VOD traded up GBX 1.12 ($0.01) during mid-day trading on Friday, hitting GBX 153.24 ($2.00). 60,744,700 shares of the stock were exchanged, compared to its average volume of 61,020,000. The company has a market cap of $41.02 billion and a PE ratio of -5.43. Vodafone Group has a 52-week low of GBX 122.22 ($1.60) and a 52-week high of GBX 171.78 ($2.24). The firm has a 50-day moving average of GBX 159.95 and a two-hundred day moving average of GBX 144.93. The company has a debt-to-equity ratio of 124.73, a quick ratio of 0.93 and a current ratio of 0.99.

The business also recently announced a dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, November 28th will be given a dividend of €0.05 ($0.05) per share. The ex-dividend date is Thursday, November 28th. This represents a dividend yield of 2.41%. This is an increase from Vodafone Group’s previous dividend of $0.04. Vodafone Group’s payout ratio is currently -0.28%.

About Vodafone Group

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.

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Analyst Recommendations for Vodafone Group (LON:VOD)

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