Vodafone Group Public (LON:VOD) Cut to Sell at UBS Group

Vodafone Group Public (LON:VOD) was downgraded by equities researchers at UBS Group to a “sell” rating in a research note issued on Monday,Digital Look reports. They currently have a GBX 80 price objective on the cell phone carrier’s stock, up from their prior price objective of GBX 72. UBS Group’s price objective suggests a potential downside of 8.42% from the stock’s current price.

Several other research analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Vodafone Group Public from GBX 135 to GBX 140 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Berenberg Bank upped their target price on Vodafone Group Public from GBX 80 to GBX 82 and gave the company a “hold” rating in a report on Friday, October 17th. Finally, Citigroup increased their target price on shares of Vodafone Group Public from GBX 75 to GBX 85 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 96.75.

Vodafone Group Public Trading Down 5.2%

Shares of LON:VOD traded down GBX 4.78 during mid-day trading on Monday, reaching GBX 87.36. 95,873,242 shares of the company’s stock were exchanged, compared to its average volume of 81,569,938. The company has a debt-to-equity ratio of 96.88, a quick ratio of 0.78 and a current ratio of 1.37. Vodafone Group Public has a twelve month low of GBX 62.40 and a twelve month high of GBX 94. The firm has a market capitalization of £20.95 billion, a price-to-earnings ratio of -5.48, a PEG ratio of 0.59 and a beta of 0.54. The business’s fifty day moving average price is GBX 86.94 and its 200-day moving average price is GBX 81.09.

Insider Buying and Selling

In related news, insider Christine Ramon purchased 138,055 shares of Vodafone Group Public stock in a transaction on Wednesday, August 6th. The stock was acquired at an average cost of GBX 83 per share, for a total transaction of £114,585.65. Insiders own 0.34% of the company’s stock.

Vodafone Group Public Company Profile

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.