Vodafone Group plc (VOD) Receives Sell Rating from Societe Generale

Societe Generale restated their sell rating on shares of Vodafone Group plc (LON:VOD) in a research report released on Monday. The brokerage currently has a GBX 155 ($1.92) price objective on the cell phone carrier’s stock.

Several other research analysts have also recently weighed in on the company. JPMorgan Chase & Co. set a GBX 300 ($3.71) price target on Vodafone Group plc and gave the stock a buy rating in a research note on Monday, July 11th. Goldman Sachs Group Inc. set a GBX 260 ($3.22) price objective on Vodafone Group plc and gave the stock a neutral rating in a report on Wednesday, June 29th. Credit Suisse Group AG reaffirmed an outperform rating and issued a GBX 240 ($2.97) price objective on shares of Vodafone Group plc in a report on Wednesday, August 10th. BNP Paribas reaffirmed an outperform rating and issued a GBX 265 ($3.28) price objective on shares of Vodafone Group plc in a report on Thursday, October 6th. Finally, Deutsche Bank AG reaffirmed a buy rating on shares of Vodafone Group plc in a report on Tuesday, September 13th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the stock. Vodafone Group plc currently has an average rating of Hold and a consensus price target of GBX 248.30 ($3.07).

Shares of Vodafone Group plc (LON:VOD) opened at 223.90 on Monday. The stock’s market cap is GBX 59.46 billion. Vodafone Group plc has a one year low of GBX 197.70 and a one year high of GBX 240.10. The company’s 50-day moving average price is GBX 224.52 and its 200-day moving average price is GBX 225.59.

In other news, insider Read,Nick sold 400,000 shares of the stock in a transaction on Friday, July 22nd. The stock was sold at an average price of GBX 235 ($2.91), for a total transaction of £940,000 ($1,163,366.34). Also, insider Schellekens,Ronald acquired 114 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were acquired at an average price of GBX 221 ($2.74) per share, with a total value of £251.94 ($311.81).

Vodafone Group plc Company Profile

Vodafone Group Plc (Vodafone) is a mobile communications company which provides services to mobile voice, messaging, data and fixed line. The Company’s money transfer service, M-Pesa, enables people in emerging markets, to send and receive money through a mobile phone. The Company also has products such as international money transfer, savings and loans, salary disbursements and access to insurance products in different markets.

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