Price Action To Observe: It Seems Vodafone Group Plc (ADR) Will Go Down. Just Reaches 52-Week Low

Price Action To Observe: It Seems Vodafone Group Plc (ADR) Will Go Down. Just Reaches 52 Week Low

The stock of Vodafone Group Plc (ADR) (NASDAQ:VOD) hit a new 52-week low and has $23.58 target or 4.00% below today’s $24.56 share price. The 8 months bearish chart indicates high risk for the $63.20 billion company. The 1-year low was reported on Nov, 29 by If the $23.58 price target is reached, the company will be worth $2.53 billion 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 4.15M shares traded hands. Vodafone Group Plc (ADR) (NASDAQ:VOD) has declined 26.56% since April 26, 2016 and is downtrending. It has underperformed by 31.82% the S&P500.

Vodafone Group Plc (ADR) (NASDAQ:VOD) Ratings Coverage

Out of 4 analysts covering Vodafone Group PLC (ADR) (NASDAQ:VOD), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Vodafone Group PLC (ADR) has been the topic of 5 analyst reports since October 19, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Macquarie Research on Monday, June 13. The firm earned “Hold” rating on Tuesday, September 20 by Argus Research. The company was downgraded on Monday, November 21 by BNP Paribas. The firm has “Outperform” rating by Macquarie Research given on Monday, October 19. Bank of America upgraded the shares of VOD in a report on Wednesday, April 20 to “Buy” rating.

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.”

Another recent and important Vodafone Group Plc (ADR) (NASDAQ:VOD) news was published by which published an article titled: “Vodafone Group PLC: This Report Is Sending VOD Stock Plunging” on November 15, 2016.

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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