Vodafone (LON:VOD) had its price target cut by Citigroup from GBX 240 ($3.37) to GBX 220 ($3.09) in a research report sent to investors on Wednesday, Marketbeat reports. They currently have a buy rating on the cell phone carrier’s stock.
A number of other research analysts also recently issued reports on the stock. BNP Paribas boosted their target price on shares of Vodafone from GBX 240 ($3.37) to GBX 245 ($3.44) and gave the company a neutral rating in a research report on Wednesday. JPMorgan Chase set a GBX 290 ($4.07) target price on shares of Vodafone and gave the company a buy rating in a research report on Wednesday, March 28th. Barclays set a GBX 265 ($3.72) target price on shares of Vodafone and gave the company a buy rating in a research report on Tuesday, March 27th. Credit Suisse Group reiterated an outperform rating and set a GBX 250 ($3.51) target price on shares of Vodafone in a research report on Tuesday, March 13th. Finally, Sanford C. Bernstein set a GBX 205 ($2.88) target price on shares of Vodafone and gave the company a neutral rating in a research report on Friday, March 9th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of GBX 250.35 ($3.51).
Vodafone stock opened at GBX 204 ($2.86) on Wednesday. Vodafone has a 12-month low of GBX 197.45 ($2.77) and a 12-month high of GBX 239.65 ($3.36).
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Vodafone Group Plc operates as a telecommunications company worldwide. The company offers voice, messaging, and data services across mobile and fixed networks; broadband and TV services; cloud and hosting for storing data and applications in the cloud, as well as Internet protocol-virtual private network services; roaming services; and converged communication services to small businesses and large multinational companies.
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