Could Vodafone Group Plc (VOD) Crash Even More? The Stock Just Made Yearly Low

May 16, 2018 - By Lynda A. Deweese

Vodafone Group Plc (NASDAQ:VOD) Logo

The stock of Vodafone Group Plc (NASDAQ:VOD) hit a new 52-week low and has $24.74 target or 7.00 % below today’s $26.60 share price. The 6 months bearish chart indicates high risk for the $70.25B company. The 1-year low was reported on May, 16 by Barchart.com. If the $24.74 price target is reached, the company will be worth $4.92B 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.

The stock decreased 1.63% or $0.44 during the last trading session, reaching $26.6. About 6.83 million shares traded or 124.28% up from the average. Vodafone Group Plc (NASDAQ:VOD) has risen 2.53% since May 16, 2017 and is uptrending. It has underperformed by 9.02% the S&P500.

Vodafone Group Plc (NASDAQ:VOD) Ratings Coverage

Among 4 analysts covering Vodafone Group (NASDAQ:VOD), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Vodafone Group had 5 analyst reports since December 8, 2017 according to SRatingsIntel. The rating was maintained by Bank of America on Wednesday, May 16 with “Buy”. The rating was upgraded by Citigroup to “Buy” on Wednesday, April 4. The stock of Vodafone Group Plc (NASDAQ:VOD) has “Buy” rating given on Wednesday, January 17 by Raymond James. The company was upgraded on Friday, December 8 by Barclays Capital.

More notable recent Vodafone Group Plc (NASDAQ:VOD) news were published by: Seekingalpha.com which released: “Vodafone: Slight Positive” on May 10, 2018, also Seekingalpha.com with their article: “Vodafone falls 3% on CEO resignation” published on May 15, 2018, Seekingalpha.com published: “Vodafone Still Performing Relatively Well” on May 15, 2018. More interesting news about Vodafone Group Plc (NASDAQ:VOD) were released by: Nasdaq.com and their article: “Vodafone Group Plc Shares Fall as CEO Prepares to Step Down” published on May 15, 2018 as well as 247Wallst.com‘s news article titled: “Santander, Deutsche Bank Leap into Wednesday’s 52-Week Low Club” with publication date: May 16, 2018.

Vodafone Group Plc operates as a telecommunications firm worldwide. The company has market cap of $70.25 billion. The firm offers voice, messaging, and data services across mobile and fixed networks; broadband and TV services; cloud and hosting for storing data and applications in the cloud, as well as Internet protocol-virtual private network services; roaming services; and converged communication services to small businesses and large multinational companies. It currently has negative earnings. It also provides M-Pesa, a mobile money service; GigaKombi; GigaTV, an advanced digital TV service; and Vodafone One, an integrated fixed, mobile, and TV service.

Vodafone Group Plc (NASDAQ:VOD) Ratings Chart

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