Vodafone Group Public (LON:VOD) Shares Pass Above 200 Day Moving Average – Here’s Why

Vodafone Group Public Limited (LON:VOD)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 71.13 ($0.92) and traded as high as GBX 75.78 ($0.98). Vodafone Group Public shares last traded at GBX 75.34 ($0.97), with a volume of 169,149,047 shares trading hands.

Wall Street Analyst Weigh In

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

Vodafone Group Public Price Performance

The firm has a fifty day moving average of GBX 69.36 and a 200 day moving average of GBX 71.13. The company has a current ratio of 1.37, a quick ratio of 0.78 and a debt-to-equity ratio of 96.88. The company has a market capitalization of £22.77 billion, a P/E ratio of 34.17, a P/E/G 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.