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Vodafone ( (GB:VOD) ) has shared an announcement.
Vodafone Group Plc has repurchased 16,231,069 of its ordinary shares from Goldman Sachs International as part of a share buyback program. The shares will be held in treasury, increasing Vodafone’s total treasury shares to over 1.4 billion. This move is part of Vodafone’s strategy to manage its capital structure and return value to shareholders.
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 reflects significant financial challenges, including high debt and negative profitability metrics, partially offset by positive liquidity and strategic initiatives. Technical indicators suggest a moderately positive market sentiment, while the earnings call provided optimistic future guidance. Valuation remains a concern due to negative earnings, despite an attractive dividend yield.
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 range of services including mobile, fixed broadband, and digital TV. It operates globally, with a strong presence in Europe and Africa, focusing on delivering connectivity and digital services to consumers and businesses.
Average Trading Volume: 91,743,781
Technical Sentiment Signal: Buy
Current Market Cap: £20.14B
Learn more about VOD stock on TipRanks’ Stock Analysis page.