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Vodafone (VOD) Receives a Sell from Bank of America Securities

Tipranks - Wed Jun 3, 3:40PM CDT

Bank of America Securities analyst David Wright maintained a Sell rating on Vodafone today and set a price target of p98.00.

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According to TipRanks, Wright is a 2-star analyst with an average return of 0.0% and a 52.27% success rate. Wright covers the Communication Services sector, focusing on stocks such as Liberty Global A, Vodafone, and BT Group plc.

The word on The Street in general, suggests a Hold analyst consensus rating for Vodafone with a p108.88 average price target.

Based on Vodafone’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of p20.83 billion and a GAAP net loss of p1.22 billion. In comparison, last year the company earned a revenue of p19.17 billion and had a GAAP net loss of p5.23 billion

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VOD in relation to earlier this year.

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