Macquarie Downgrades Vodafone Group plc

Vodafone Group plc (LON:VOD) was downgraded by stock analysts at Macquarie to a “neutral” rating in a research report issued on Monday. They presently have a GBX 225 ($3.29) price objective on the cell phone carrier’s stock, down from their previous price objective of GBX 235 ($3.44). Macquarie’s price target would suggest a potential upside of 4.72% from the company’s previous close.

In other Vodafone Group plc news, insider Dopfner ,Mathias bought 11,500 shares of Vodafone Group plc stock in a transaction dated Wednesday, March 30th. The shares were bought at an average price of GBX 221 ($3.23) per share, with a total value of £25,415 ($37,199.94).
Shares of Vodafone Group plc (LON:VOD) opened at 213.0000 on Monday. Vodafone Group plc has a 52 week low of GBX 197.70 and a 52 week high of GBX 247.15. The stock has a 50 day moving average price of GBX 225.77 and a 200-day moving average price of GBX 219.76. The stock’s market cap is GBX 56.57 billion.