HSBC Reiterates Buy Rating for VOC

It has to be noticed that Vodafone Group plc (VOD)‘s stock had its “buy” rating reaffirmed by equities researchers at HSBC in a report released, MarketBeat Ratings reports. At present, they have a GBX 260 ($3.74) price objective on the cell phone carrier’s stock. HSBC’s price objective indicates a potential upside of 18.64% from the stock’s current price.

At recent time, lots of other equities analysts have also commented on VOD. Deutsche Bank reiterated a “buy” rating and set a GBX 280 ($4.03) price target on shares of Vodafone Group plc in a report on Tuesday, January 12th. RBC Capital reduced their price target on Vodafone Group plc from GBX 260 ($3.74) to GBX 255 ($3.67) and set an “outperform” rating for the company in a report on Tuesday, January 19th. Mirabaud Securities reiterated a “sell” rating and set a GBX 195 ($2.81) price target on shares of Vodafone Group plc in a report on Thursday, January 14th. Haitong Securities restated a “neutral” rating and set a GBX 210 ($3.02) price objective on shares of Vodafone Group plc in a report on Monday, January 18th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 265 ($3.81) price objective on shares of Vodafone Group plc in a report on Tuesday, November 24th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 239.11 ($3.44).VOC

Shares of Vodafone Group plc (VOD) opened at 219.15 on Wednesday. The firm’s market capitalization is GBX 58.14 billion. The stock has a 50 day moving average price of GBX 214.65 and a 200 day moving average price of GBX 216.15. Vodafone Group plc has a 12-month low of GBX 197.70 and a 12-month high of GBX 258.00.

Vodafone Group Plc is a mobile communications company which provides services to mobile voice, messaging, data and fixed line. The Company’s money transfer service, M-Pesa, guarantees people in emerging markets, to send and receive money via a mobile phone.

Vodafone

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