Vodafone Expands Share Buyback Program with Major Purchase

An update from Vodafone ( (GB:VOD) ) is now available.

Vodafone Group Plc announced the purchase of 19,840,000 of its ordinary shares from Citigroup Global Markets Limited as part of a previously announced buyback program. The shares will be held in treasury, increasing Vodafone’s total treasury shares to over 1.6 billion. This move is part of Vodafone’s strategy to manage its capital structure and potentially enhance shareholder value.

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 provides a wide range of services including mobile, fixed-line, broadband, and television services. The company operates globally, serving millions of customers across various markets with a focus on innovation and digital transformation.

Average Trading Volume: 100,148,226

Technical Sentiment Signal: Buy

Current Market Cap: £18.93B

See more insights into VOD stock on TipRanks’ Stock Analysis page.