Vodafone (VOD.L) 11-03-20
Shares in Vodafone (VOD.L) have fallen dramatically from recent highs of 165.24p. Will it continue, or is this an opportunity to pick up a bargain?
- This stock is one of the more significant fallers in the period.
- Bargain hunters should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
- Is the trend your friend, or is a bounce imminent?
- The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
- Now trading at 120.26p (at time of writing). A return to previous highs would represent a rise of 37%.
- Shares -27% from 12-month highs; +0% from 12 month lows.
10 Mar: JP Morgan Cazenove reiterates its overweight rating on Vodafone Group (VOD) and reduced the target price to 190p (from 210p).
09 Mar: Vodafone announced that the European Commission had approved the joining of the Italian towers assets with INWIT’s passive network infrastructure.
05 Mar: Margherita Della Valle, Executive Director, bought 71,246 shares within the firm on the 5th March 2020 at a price of 139.38p. This Director currently has 489,512 shares.
13 Feb: DZ Bank reiterates its hold rating on Vodafone Group (VOD) and reduced the target price to 160p (from 165p).
07 Feb: HSBC has upgraded its rating on Vodafone Group (VOD) to buy (from buy) and reduced the target price to 185p (from 190p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires