Stock On Watch: Vodafone Group Plc (ADR) on Focus After Trading At 52-Week Lows

Stock On Watch: Vodafone Group Plc (ADR) on Focus After Trading At 52 Week Lows

The stock of Vodafone Group Plc (ADR) (NASDAQ:VOD) hit a new 52-week low and has $23.55 target or 9.00% below today’s $25.88 share price. The 8 months bearish chart indicates high risk for the $66.81B company. The 1-year low was reported on Nov, 14 by Barchart.com. If the $23.55 price target is reached, the company will be worth $6.01B 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 3.64 million shares traded hands. Vodafone Group Plc (ADR) (NASDAQ:VOD) has declined 19.76% since April 12, 2016 and is downtrending. It has underperformed by 24.74% 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. Macquarie Research downgraded the stock to “Neutral” rating in Monday, June 13 report. The stock of Vodafone Group Plc (ADR) (NASDAQ:VOD) has “Buy” rating given on Wednesday, April 20 by Bank of America. The stock of Vodafone Group Plc (ADR) (NASDAQ:VOD) earned “Hold” rating by Argus Research on Tuesday, September 20. The rating was upgraded by Macquarie Research to “Outperform” on Monday, October 19.

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 news for Vodafone Group Plc (ADR) (NASDAQ:VOD) were recently published by: Quotes.Wsj.com, which released: “DOW JONES, A NEWS CORP COMPANY” on February 12, 2011. Marketwatch.com‘s article titled: “Vodafone shares rise 2.8% following financial results” and published on May 19, 2009 is yet another important article.

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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