Vodafone (NYSE: VOD) was upgraded by Nomura (NYSE: NMR) from a “neutral” rating to a “buy” rating in a research note issued on Thursday.
Separately, analysts at Goldman Sachs (NYSE: GS) upgraded shares of Vodafone from a “neutral” rating to a “buy” rating in a research note to investors on Friday, January 6th. Analysts at Zacks Investment Research upgraded shares of Vodafone from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, December 23rd. They now have a $29.00 price target on the stock. Also, analysts at Zacks Investment Research downgraded shares of Vodafone from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, October 28th. They now have a $26.00 price target on the stock.
Vodafone Group Plc (Vodafone) is a mobile communications company operating across the globe providing a range of communications services. It offers a range of products and services, including voice, messaging, data and fixed-line solutions and devices to assist customers in meeting their total communications needs. Vodafone has a significant global presence, with equity interests in over 30 countries and over 40 partner markets worldwide. It operates in three geographic regions: Europe, Africa and Central Europe; Asia Pacific, and the Middle East, and has an investment in Verizon Wireless in the United States. On April 20, 2009, it acquired an additional 15% stake in Vodacom Group Limited (Vodacom). On May 18, 2009, Vodacom became a subsidiary following the termination of the shareholder agreement with Telkom SA Limited, the seller and previous joint venture partner. On June 9, 2009, Vodafone Australia completed its merger with Hutchison 3G Australia to form a 50:50 joint venture.
Shares of Vodafone traded up 0.22% during mid-day trading on Thursday, hitting $27.78. Vodafone has a 52 week low of $24.31 and a 52 week high of $29.75. The stock’s 50-day moving average is $27.27 and its 200-day moving average is $26.92. The company has a market cap of $142.0 billion and a price-to-earnings ratio of 13.08.
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