Vodafone Group plc (VOD) Receives “Outperform” Rating from Credit Suisse Group AG

Credit Suisse Group AG reaffirmed their outperform rating on shares of Vodafone Group plc (LON:VOD) in a research note published on Friday.

A number of other research firms have also recently weighed in on VOD. UBS AG set a GBX 270 ($3.53) price objective on shares of Vodafone Group plc and gave the stock a buy rating in a report on Wednesday, July 5th. BNP Paribas reissued a neutral rating and set a GBX 235 ($3.07) price objective on shares of Vodafone Group plc in a report on Tuesday. Numis Securities Ltd initiated coverage on shares of Vodafone Group plc in a report on Friday, July 14th. They issued an add rating and a GBX 250 ($3.26) target price on the stock. Berenberg Bank lifted their target price on shares of Vodafone Group plc from GBX 250 ($3.26) to GBX 259 ($3.38) and gave the company a buy rating in a report on Monday, June 12th. Finally, Barclays PLC reaffirmed an equal weight rating and issued a GBX 225 ($2.94) target price on shares of Vodafone Group plc in a report on Friday, July 7th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of GBX 243.88 ($3.18).

Vodafone Group plc (LON:VOD) traded up 0.49% on Friday, hitting GBX 226.00. 68,391,293 shares of the company traded hands. The firm’s market capitalization is GBX 60.17 billion. The stock’s 50-day moving average is GBX 222.25 and its 200 day moving average is GBX 210.08. Vodafone Group plc has a 12 month low of GBX 186.50 and a 12 month high of GBX 240.10.

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The business also recently disclosed a dividend, which will be paid on Friday, August 4th. Investors of record on Thursday, June 8th will be paid a €0.10 ($0.12) dividend. This represents a dividend yield of 4.05%. The ex-dividend date of this dividend is Thursday, June 8th.

In other Vodafone Group plc news, insider Nick Read sold 574,525 shares of Vodafone Group plc stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of GBX 224 ($2.93), for a total value of £1,286,936 ($1,680,511.88).

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.