Goldman Sachs Sticks to Its Sell Rating for Vodafone (VOD)
Goldman Sachs analyst Andrew Lee maintained a Sell rating on Vodafone yesterday and set a price target of £0.85.
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Lee covers the Communication Services sector, focusing on stocks such as Telefonica, Vodafone, and Vodafone. According to TipRanks, Lee has an average return of 2.4% and a 53.97% success rate on recommended stocks.
In addition to Goldman Sachs, Vodafone also received a Sell from UBS’s Polo Tang in a report issued on February 5. However, yesterday, TipRanks – OpenAI reiterated a Hold rating on Vodafone (LSE: VOD).
Based on Vodafone’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of p19.3 billion and a net profit of p816 million. In comparison, last year the company earned a revenue of p18.28 billion and had a net profit of p1.06 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.
Read More on GB:VOD:
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- Vodafone price target raised to $11.58 from $10.48 at Goldman Sachs
- Vodafone Buys Back 23.8 Million Shares for Treasury Holding
- Vodafone Adds 11.3 Million Shares to Treasury in Ongoing Buyback
- Vodafone Issues FCA-Approved Supplement for €30 Billion EMTN Programme
- Vodafone Executives Reinvest Dividends Into Additional Shares
