Citigroup Downgrades Vodafone Group Plc (ADR) to Neutral

Brokerage firm Citigroup Downgrades its rating on Vodafone Group Plc (ADR)(NASDAQ:VOD). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Citigroup was issued on Jul 12, 2016.

In a different note, On Jun 13, 2016, Macquarie said it Downgrades its rating on Vodafone Group Plc (ADR). The shares have been rated ‘Neutral’ by the firm. On Apr 20, 2016, Bank of America said it Upgrades its rating on Vodafone Group Plc (ADR). The shares have been rated ‘Buy’ by the firm.

Vodafone Group Plc (ADR) (VOD) shares turned negative on Fridays trading session with the shares closing down -0.06 points or -0.20% at a volume of 41,87,448. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $30.7086. The peak price level was also seen at $30.7086 while the days lowest was $30.454. Finally the shares closed at $30.65. The 52-week high of the shares is $38.43 while the 52-week low is $27.92. According to the latest information available, the market cap of the company is $81,402 M.

Vodafone Group Plc (Vodafone) is a mobile communications company which provides services to mobile voice messaging data and fixed line. The Company’s money transfer service M-Pesa enables people in emerging markets to send and receive money through a mobile phone. The Company also has products such as international money transfer savings and loans salary disbursements and access to insurance products in different markets. Vodafone Red offers consumers and businesses a package with mobile data allowances unlimited calls and texts plus cloud and back-up services to secure personal data. Vodafone Cloud allows customers to store their personal digital content such as contacts photos and videos in the Vodafone network and to access it on the move from any connected device. Vodafone OneNet integrates landlines and mobiles providing a communication solution. Vodafone Secure Device Manager gives customer a way to manage many of their smart devices.

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