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Vodafone (VOD) was downgraded to a Hold Rating at Barclays

Tipranks - Fri Jun 12, 2:04AM CDT

In a report released today, Maurice Patrick from Barclays downgraded Vodafone to a Hold, with a price target of £1.10.

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Patrick covers the Communication Services sector, focusing on stocks such as Vodafone, Telia Company AB, and Liberty Global A. According to TipRanks, Patrick has an average return of 5.6% and a 49.89% success rate on recommended stocks.

In addition to Barclays, Vodafone also received a Hold from Citi’s Carl Murdock Smith in a report issued on May 29. However, on June 2, Bank of America Securities maintained a Sell rating on Vodafone (LSE: VOD).

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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