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

Shares of Vodafone Group Public Limited (LON:VOD) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 70.96 ($0.92) and traded as high as GBX 73.20 ($0.95). Vodafone Group Public shares last traded at GBX 72.90 ($0.94), with a volume of 91,025,063 shares.

Analysts Set New Price Targets

Separately, Citigroup dropped their target price on Vodafone Group Public from GBX 73 ($0.94) to GBX 66 ($0.85) and set a “neutral” rating for the company in a research note on Tuesday, February 18th.

Vodafone Group Public Price Performance

The company has a 50 day simple moving average of GBX 69.83 and a 200 day simple moving average of GBX 70.96. The company has a market capitalization of £22.03 billion, a price-to-earnings ratio of 33.06, a price-to-earnings-growth ratio of 0.59 and a beta of 0.54. The company has a quick ratio of 0.78, a current ratio of 1.37 and a debt-to-equity ratio of 96.88.

Vodafone Group Public Company Profile

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.