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Vodafone ( (GB:VOD) ) has shared an announcement.
Vodafone Group Plc has announced the purchase of 14,174,200 of its ordinary shares from Citigroup Global Markets Limited as part of a previously announced share buyback program. This move is aimed at holding the purchased shares in treasury, which could potentially enhance shareholder value by reducing the number of shares in circulation and potentially increasing earnings per share.
The most recent analyst rating on (GB:VOD) stock is a Buy with a £1.40 price target. To see the full list of analyst forecasts on Vodafone stock, see the GB:VOD Stock Forecast page.
Spark’s Take on GB:VOD Stock
According to Spark, TipRanks’ AI Analyst, GB:VOD is a Neutral.
Vodafone’s overall stock score is influenced by positive technical indicators and corporate events, offset by financial challenges and valuation concerns. The company’s strategic initiatives and strong dividend yield provide a basis for cautious optimism.
To see Spark’s full report on GB:VOD stock, click here.
More about Vodafone
Vodafone Group Plc is a leading telecommunications company that provides a wide range of services including mobile, fixed-line, broadband, and television services. The company operates in multiple countries, focusing on delivering connectivity and digital services to both consumer and enterprise markets.
Average Trading Volume: 106,048,065
Technical Sentiment Signal: Buy
Current Market Cap: £19B
Find detailed analytics on VOD stock on TipRanks’ Stock Analysis page.