Vodafone Group’s (VOD) Underperform Rating Reaffirmed at Macquarie

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Macquarie reiterated their underperform rating on shares of Vodafone Group (LON:VOD) in a research note issued to investors on Friday. They currently have a GBX 125 ($1.63) price target on the cell phone carrier’s stock.

VOD has been the subject of several other research reports. Sanford C. Bernstein set a GBX 220 ($2.87) price objective on shares of Vodafone Group and gave the stock a neutral rating in a research report on Tuesday, July 17th. UBS Group reaffirmed a buy rating and set a GBX 230 ($3.01) price objective (down previously from GBX 250 ($3.27)) on shares of Vodafone Group in a research report on Monday, October 29th. JPMorgan Chase & Co. set a GBX 255 ($3.33) price objective on shares of Vodafone Group and gave the stock a buy rating in a research report on Tuesday, September 11th. Jefferies Financial Group set a GBX 165 ($2.16) price objective on shares of Vodafone Group and gave the stock a neutral rating in a research report on Monday, October 8th. Finally, Credit Suisse Group set a GBX 235 ($3.07) price objective on shares of Vodafone Group and gave the stock a buy rating in a research report on Thursday, July 26th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of GBX 222.62 ($2.91).

Shares of Vodafone Group stock traded down GBX 3.16 ($0.04) during trading on Friday, reaching GBX 143.92 ($1.88). The company’s stock had a trading volume of 74,277,525 shares, compared to its average volume of 61,020,000. Vodafone Group has a 52 week low of GBX 197.45 ($2.58) and a 52 week high of GBX 239.65 ($3.13).

In related news, insider Margherita D. Valle bought 180,182 shares of the company’s stock in a transaction dated Friday, September 7th. The stock was purchased at an average price of GBX 165 ($2.16) per share, with a total value of £297,300.30 ($388,475.50). Also, insider Michel Demare bought 50,000 shares of the company’s stock in a transaction dated Tuesday, September 18th. The stock was bought at an average cost of GBX 168 ($2.20) per share, with a total value of £84,000 ($109,760.88). Insiders bought 236,564 shares of company stock valued at $39,189,442 in the last three months.

Vodafone Group Company Profile

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

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Analyst Recommendations for Vodafone Group (LON:VOD)

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