Vodafone Group Public (LON:VOD) Stock Passes Above 200-Day Moving Average – Here’s Why

Vodafone Group Public Limited (LON:VOD)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 71.11 ($0.92) and traded as high as GBX 73.48 ($0.95). Vodafone Group Public shares last traded at GBX 73.28 ($0.95), with a volume of 86,503,031 shares changing hands.

Analyst Ratings Changes

Separately, Citigroup cut their price target on Vodafone Group Public from GBX 73 ($0.95) to GBX 66 ($0.85) and set a “neutral” rating on the stock in a research note on Tuesday, February 18th.

Vodafone Group Public Stock Performance

The firm’s fifty day simple moving average is GBX 68.46 and its 200 day simple moving average is GBX 71.11. The company has a debt-to-equity ratio of 96.88, a current ratio of 1.37 and a quick ratio of 0.78. The company has a market capitalization of £22.15 billion, a PE ratio of 33.24, a price-to-earnings-growth ratio of 0.59 and a beta of 0.54.

About Vodafone Group Public

Vodafone is a leading European and African telecoms company. We provide mobile and fixed services to over 340 million customers in 15 countries, partner with mobile networks in over 45 more and have one of the world’s largest IoT platforms. In Africa, our financial technology businesses serve almost 83 million customers across seven countries – managing more transactions than any other provider.

Our purpose is to connect for a better future by using technology to improve lives, businesses and help progress inclusive sustainable societies.