The stock of Vodafone Group Plc (ADR) (NASDAQ:VOD) hit a new 52-week low and has $25.47 target or 7.00% below today’s $27.39 share price. The 8 months bearish chart indicates high risk for the $70.78 billion company. The 1-year low was reported on Nov, 2 by Barchart.com. If the $25.47 price target is reached, the company will be worth $4.95B less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 4.28M shares traded hands. Vodafone Group Plc (ADR) (NASDAQ:VOD) has declined 14.23% since March 31, 2016 and is downtrending. It has underperformed by 16.75% the S&P500.
Vodafone Group Plc (ADR) (NASDAQ:VOD) Ratings Coverage
Out of 3 analysts covering Vodafone Group PLC (ADR) (NASDAQ:VOD), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Vodafone Group PLC (ADR) has been the topic of 4 analyst reports since October 19, 2015 according to StockzIntelligence Inc. As per Wednesday, April 20, the company rating was upgraded by Bank of America. Macquarie Research upgraded the stock to “Outperform” rating in Monday, October 19 report. The stock of Vodafone Group Plc (ADR) (NASDAQ:VOD) has “Neutral” rating given on Monday, June 13 by Macquarie Research. The company was initiated on Tuesday, September 20 by Argus Research.
According to Zacks Investment Research, “Vodafone AirTouch Plc is the world’s largest international mobile communications firm. Their primary operation is in digital and analog cellular telephone networks of Vodafone.”
More important recent Vodafone Group Plc (ADR) (NASDAQ:VOD) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 12, 2011, also Marketwatch.com published article titled: “Vodafone shares rise 2.8% following financial results”, Investorplace.com published: “Vodafone Group Plc (ADR) (VOD) Stock Pops on Strong Earnings” on May 17, 2016. More interesting news about Vodafone Group Plc (ADR) (NASDAQ:VOD) was released by: Dividend.com and their article: “Vodafone Group Plc Reports Reverse Stock Spilt; Pro Rata Distribution of …” with publication date: February 21, 2014.
VOD Company Profile
Vodafone Group Plc (Vodafone), incorporated on July 17, 1984, is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). The Company’s divisions include Europe and AMAP. The Company’s Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe. The Other Europe includes the Netherlands, Portugal, Greece, Hungary and Romania, among others. The Company’s AMAP segment includes India, South Africa, Tanzania, Mozambique, Lesotho, Africa, Turkey, Australia, Egypt, Ghana, Kenya, New Zealand and Qatar, among others. The Firm provides a range of services, including voice, messaging and data across mobile and fixed networks.
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