Vodafone Group Public (LON:VOD) Stock Jumps 0.4% – Should You Buy?

Vodafone Group Public Limited (LON:VOD)’s stock price was up 0.4% on Monday. The stock traded as high as GBX 117.51 and last traded at GBX 117.02. Approximately 40,407,465 shares traded hands during trading, a decline of 51% from the average session volume of 82,589,789 shares. The stock had previously closed at GBX 116.50.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on VOD shares. Deutsche Bank restated a “buy” rating and issued a GBX 160 price target on shares of Vodafone Group Public in a report on Friday, October 9th. Berenberg Bank upgraded shares of Vodafone Group Public to a “buy” rating and lifted their price objective for the company from GBX 123 to GBX 140 in a report on Friday, October 2nd. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 119.

Vodafone Group Public Trading Up 1.4%

The company has a market capitalization of £27.19 billion, a PE ratio of -71.12, a price-to-earnings-growth ratio of 0.59 and a beta of 0.32. The company’s fifty day moving average is GBX 122.63 and its 200-day moving average is GBX 115.33. The company has a debt-to-equity ratio of 103.96, a current ratio of 1.07 and a quick ratio of 0.78.

About Vodafone Group Public

everyone.connected Vodafone is a leading European and African telecoms company. We serve around 370 million mobile and broadband customers, operating networks in 17 countries with investments in a further three and partners in over 40 more. We have capacity on more than 70 subsea cable systems – the backbone of the internet – and we are developing a new direct-to-mobile satellite communications service to connect areas without coverage. Vodafone runs one of the world’s largest IoT platforms, with over 240 million IoT connections globally, and we provide financial services to around 103 million customers across eight African countries – managing more transactions than any other provider.