Vodafone Group plc’s (VOD) “Underperform” Rating Reiterated at Macquarie

Vodafone Group plc (LON:VOD)‘s stock had its “underperform” rating reiterated by investment analysts at Macquarie in a research note issued to investors on Tuesday. They currently have a GBX 170 ($2.10) price target on the cell phone carrier’s stock. Macquarie’s price target suggests a potential downside of 19.24% from the company’s previous close.

Several other brokerages also recently issued reports on VOD. HSBC Holdings plc downgraded shares of Vodafone Group plc from a “buy” rating to a “hold” rating and set a GBX 240 ($2.96) price objective on the stock. in a research note on Monday, January 16th. Berenberg Bank reissued a “buy” rating and set a GBX 250 ($3.09) price objective on shares of Vodafone Group plc in a research note on Monday, January 16th. S&P Global Inc set a GBX 240 ($2.96) price objective on shares of Vodafone Group plc and gave the company a “neutral” rating in a research note on Monday, January 16th. Deutsche Bank AG reissued a “buy” rating and set a GBX 285 ($3.52) price objective on shares of Vodafone Group plc in a research note on Monday. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 280 ($3.46) price objective on shares of Vodafone Group plc in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 232.18 ($2.87).

Analyst Recommendations for Vodafone Group plc (LON:VOD)

Shares of Vodafone Group plc (LON:VOD) opened at 211.00 on Tuesday. The stock’s 50 day moving average price is GBX 200.30 and its 200-day moving average price is GBX 208.62. The firm’s market capitalization is GBX 58.89 billion. Vodafone Group plc has a 52 week low of GBX 186.50 and a 52 week high of GBX 240.10.

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In other news, insider David Thomas Nish acquired 2,910 shares of the business’s stock in a transaction that occurred on Monday, January 23rd. The shares were purchased at an average cost of GBX 205 ($2.53) per share, for a total transaction of £5,965.50 ($7,367.54). Also, insider Ronald Schellekens acquired 118 shares of the business’s stock in a transaction that occurred on Thursday, January 12th. The stock was purchased at an average price of GBX 212 ($2.62) per share, for a total transaction of £250.16 ($308.95). Over the last quarter, insiders purchased 3,152 shares of company stock worth $646,366.

Vodafone Group plc Company Profile

Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.

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