The Vodafone Group Plc is one of the world's largest telecommunications companies with 438 million mobile customers and 11 Million fixed broadband customers & around 93,000 employees. Vodaphone operates in 26 countries with partners in 50 more, split into two regions: Europe and AMAP (Africa, Middle east and Asia Pacific).
Vodafone Group Plc Ord Usd0.20 20/21 is listed on the London Stock Exchange trading with ticker code VOD.L, and is part of the Telecommunications sector. It has a market capitalisation of £5,839,818m, with approximately 26,623m shares in issue. Over the last year, Vodafone share price has been traded in a range of 53.6, hitting a high of 240.10, and a low of 186.50.
Vodafone, officially known as Vodafone Group Plc Ord Usd0.20 20/21 was formed in July of 1984, making the company thirty three years old. The company filed its latest accounts on 31st March 2015, showing a turnover of approximately 42.23 billion GBX with gross profits of 11.35 billion, or 0.4261 per issued share, and a pre-tax profit margin of 2.59%. Vodafone currently has 11 directors, and has had 41 previous directors over the last 33 years. In the last set of accounts produced by Pricewaterhousecoopers Llp, the company showed 4.19 billion paid in salaries to the staff, with the directors receiving an average 727 thousand each. In the accounts filed in 2015, the company paid 2930000000 in dividends, or 0.1101 per share. These accounts also showed Vodafone to have a net worth of 22.66 billion, with 6.88 billion held in cash.
Vodafone is in the Telecommunications sector.
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|Shares in Issue||26,623m|
|52 Week High||240.10|
|52 Week Low||186.50|
The Vodafone Group Plc. is a compelling buy at the current levels with a potential upside of up to 15% from the current levels. The stock finished trading on the London Stock exchange at 224p a share, down by 0.04% compared to the previous close. The stock has had a spectacular rally in the past few days and we expect the upside or rally to continue. Currently, the stock has been trading above its 20 day moving average (DMA), 50 DMA and 100 DMA of 209p, 207p and 204p respectively. In terms of charting or technical analysis, the stock has been trading on the upward trend line and has even breached the upper side of the Bollinger band, confirming the bullish trend of the stock. On weekly charts also, the stock has been making green marubozu which indicates that upward movement will continue. The immediate resistance of the stock is at 225p. However, any breakout above 225p would mean an up move up to 239p within a month’s time. Therefore, we recommend buying Vodafone plc above 225p with a target of 240p. (Read more)
Vodafone Group Plc. should be avoided for the time being or the investors shall wait for its consolidation. The company announced its half yearly results, a few days back on 15th November 2016. The stock fell by about 1.5% on the same day which indicates that our investors were not happy with the telecom giant’s half yearly performance. We would be throwing light on the latest financial results of the company in the other part of the article. (Read more)
Vodafone Plc is a ‘Hold’ at the current price levels and we really don’t see much upside in the stock. The company’s latest fiscal 2016 results were also in line with the management guidance as the company reported fiscal 2016 EBITDA at £11.9 bn, which was on the upper side of the management guidance of £11.7-£12.0 bn . However, in terms of technical analysis, the chart has turned ‘bearish’ as the technical indicators indicate short term weakness in the stock. It has formed a ‘shooting star’ and ‘Bearish engulfing pattern’ in the last 3 trading sessions, and in case the stock breaks below yesterday’s low of 225.40p, we might see stock heading towards 215pence in the coming trading sessions. Although once the stock hits 215 pence, it might start consolidating and thereafter can trade in the range of 215p-232p. Hence, traders carefully need to watch these levels and hedge their trading positions with appropriate stop loss. Currently, the stock has been trading above its 20DMA, 50DMA and 100DMA of 223p, 222p and 219p respectively. The stock finished trading on the London Stock exchange at 225 p on Thursday, 19th May. . Based on earnings estimates for the company's fiscal year ending in march 2018, the stock has a price-to-earnings ratio of 27.79 which is quite high compared to FTSE100 12 month forward P/E of 13.37. The analysis of forward price to earnings of Vodafone Plc also indicates that the stock is pretty overvalued. (Read more)