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Vodafone ( (GB:VOD) ) has issued an update.
Vodafone Group Plc has announced the purchase of 10,000 of its ordinary shares from Citigroup Global Markets Limited, as part of a previously announced share buyback program. The shares, purchased at an average price of 76.37 pence each, will be held in treasury, increasing Vodafone’s treasury shares to over 1.6 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 £1.30 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 Outperform.
Vodafone’s score reflects a balance of stable operational efficiency and attractive valuation against the backdrop of declining revenues and regional challenges, particularly in Germany. Positive strategic initiatives like share buybacks and strong dividend yield enhance its appeal, but competitive pressures and profitability concerns remain significant.
To see Spark’s full report on GB:VOD stock, click here.
More about Vodafone
Vodafone Group Plc is a leading telecommunications company that operates globally, providing a range of services including mobile and fixed-line communications. The company focuses on delivering connectivity and digital services to both individual consumers and businesses across various markets.
Average Trading Volume: 100,148,226
Technical Sentiment Signal: Hold
Current Market Cap: £18.93B
See more data about VOD stock on TipRanks’ Stock Analysis page.