Kepler Capital analyst Javier Borrachero maintained a Hold rating on Vodafone (VOD – Research Report) on July 25 and set a price target of p77.00. The company’s shares closed yesterday at p72.89.
According to TipRanks, Borrachero is a 3-star analyst with an average return of 1.9% and a 50.78% success rate.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vodafone with a p93.22 average price target, representing a 27.89% upside. In a report released on July 12, Citi also maintained a Hold rating on the stock with a £0.70 price target.
VOD market cap is currently £19.17B and has a P/E ratio of 19.82.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VOD in relation to earlier this year.
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Vodafone (VOD) Company Description:
With about 270 million wireless customers, Vodafone is one of the largest wireless carriers in the world. More recently, the firm has acquired cable operations and gained access to additional fixed-line networks, either building its own or gaining wholesale access. Vodafone is increasingly pushing converged services of wireless and fixed-line telephone services. Europe accounts for about three fourths of reported service revenue, with major operations in Germany (about 30% of total service revenue), the U.K. (13%), Italy (12%), and Spain (10%). Outside of Europe, 65%-owned Vodacom, which serves sub-Saharan Africa, is Vodafone’s largest controlled subsidiary (12% of total service revenue). The firm also owns stakes in operations in India, Australia, and the Netherlands.
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