The stock of Vodafone Group Plc (ADR) (NASDAQ:VOD) hit a new 52-week low and has $25.46 target or 6.00% below today’s $27.09 share price. The 8 months bearish chart indicates high risk for the $71.19 billion company. The 1-year low was reported on Nov, 7 by Barchart.com. If the $25.46 price target is reached, the company will be worth $4.27 billion 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 2.04 million shares traded hands. Vodafone Group Plc (ADR) (NASDAQ:VOD) has declined 11.55% since April 5, 2016 and is downtrending. It has underperformed by 13.50% 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. Argus Research initiated Vodafone Group Plc (ADR) (NASDAQ:VOD) on Tuesday, September 20 with “Hold” rating. The stock of Vodafone Group Plc (ADR) (NASDAQ:VOD) earned “Outperform” rating by Macquarie Research on Monday, October 19. The company was upgraded on Wednesday, April 20 by Bank of America. On Monday, June 13 the stock rating was downgraded by Macquarie Research to “Neutral”.
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 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 the news titled: “Vodafone shares rise 2.8% following financial results” on May 19, 2009. Investorplace.com‘s news article titled: “Vodafone Group Plc (ADR) (VOD) Stock Pops on Strong Earnings” with publication date: May 17, 2016 was also an interesting one.
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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