Citigroup Seems to Have Lost Some Faith In Vodafone Group PLC (LON:VOD), Downgrades Stocks

September 8, 2018 - By Palma Niemeyer

Vodafone Group Plc (LON:VOD) Logo

Vodafone Group PLC (LON:VOD) Receives a Downgrade

Vodafone Group PLC (LON:VOD)‘s stock was decreased to a solid “Buy” by professional analysts at Citigroup, who now has a PT of GBX 190.00. Their target is 14.87 % from VOD’s current share price.

Vodafone Group Plc (LON:VOD) Ratings Coverage

Among 11 analysts covering Vodafone Group PLC (LON:VOD), 9 have Buy rating, 1 Sell and 1 Hold. Therefore 82% are positive. Vodafone Group PLC has GBX 290 highest and GBX 180 lowest target. GBX 242.50’s average target is 46.74% above currents GBX 165.26 stock price. Vodafone Group PLC had 30 analyst reports since March 13, 2018 according to SRatingsIntel. The firm has “Buy” rating by UBS given on Friday, July 20. The stock of Vodafone Group Plc (LON:VOD) earned “Buy” rating by Numis Securities on Thursday, May 10. As per Tuesday, July 17, the company rating was maintained by Deutsche Bank. The rating was maintained by Deutsche Bank with “Buy” on Thursday, April 26. Credit Suisse maintained Vodafone Group Plc (LON:VOD) on Friday, May 4 with “Outperform” rating. JP Morgan maintained it with “Overweight” rating and GBX 290 target in Thursday, May 10 report. Kepler Cheuvreux initiated the shares of VOD in report on Thursday, July 12 with “Reduce” rating. Morgan Stanley maintained Vodafone Group Plc (LON:VOD) rating on Tuesday, April 10. Morgan Stanley has “Overweight” rating and GBX 270 target. The firm earned “Buy” rating on Thursday, May 10 by Deutsche Bank. The company was downgraded on Thursday, May 17 by Citigroup.

The stock increased 0.77% or GBX 1.26 during the last trading session, reaching GBX 165.26. About 61.27 million shares traded. Vodafone Group Plc (LON:VOD) has 0.00% since September 8, 2017 and is . It has underperformed by 12.57% the S&P500.

Vodafone Group Plc operates as a telecommunications firm worldwide. The company has market cap of 44.15 billion GBP. The firm offers voice, messaging, and data services across mobile and fixed networks; broadband and TV services; cloud and hosting for storing data and applications in the cloud, as well as Internet protocol-virtual private network services; roaming services; and converged communication services to small businesses and large multinational companies. It has a 16.2 P/E ratio. It also provides M-Pesa, a mobile money service; GigaKombi; GigaTV, an advanced digital TV service; and Vodafone One, an integrated fixed, mobile, and TV service.

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