Vodafone Group (VOD) Price Target Cut to GBX 250
Vodafone Group (LON:VOD) had its target price reduced by Deutsche Bank from GBX 268 ($3.50) to GBX 250 ($3.27) in a report published on Tuesday morning, Borsen Zeitung reports. Deutsche Bank currently has a buy rating on the cell phone carrier’s stock.
A number of other analysts have also commented on the company. UBS Group reissued a buy rating and set a GBX 215 ($2.81) price target (down from GBX 230 ($3.01)) on shares of Vodafone Group in a research note on Friday, February 8th. Credit Suisse Group set a GBX 210 ($2.74) price target on Vodafone Group and gave the company a buy rating in a research note on Monday, March 11th. Macquarie reissued an underperform rating and set a GBX 125 ($1.63) price target on shares of Vodafone Group in a research note on Wednesday, January 9th. Citigroup reaffirmed a buy rating on shares of Vodafone Group in a research note on Monday, February 4th. Finally, JPMorgan Chase & Co. cut their price objective on Vodafone Group from GBX 230 ($3.01) to GBX 227 ($2.97) and set an overweight rating on the stock in a research note on Monday, March 11th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of GBX 192.71 ($2.52).
Shares of VOD stock opened at GBX 140.54 ($1.84) on Tuesday. Vodafone Group has a 12 month low of GBX 131 ($1.71) and a 12 month high of GBX 214.60 ($2.80). The stock has a market cap of $38.04 billion and a PE ratio of -4.98. The company has a current ratio of 1.30, a quick ratio of 1.28 and a debt-to-equity ratio of 81.54.
About Vodafone Group
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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