Why Vodafone Group plc ADR (NASDAQ: VOD) Is A Stock Not To Be Discarded In 2024

In today’s recent session, 1.55 million shares of the Vodafone Group plc ADR (NASDAQ:VOD) have been traded, and its beta is 0.70. Most recently the company’s share price was $8.79, and it changed around -$0.13 or -1.41% from the last close, which brings the market valuation of the company to $23.54B. VOD at last check was trading at a discount to its 52-week high of $10.19, offering almost -15.93% off that amount. The share price’s 52-week low was $8.02, which indicates that the recent value has risen by an impressive 8.76% since then. We note from Vodafone Group plc ADR’s average daily trading volume that its 3-month average coming to 5.95 million.

Vodafone Group plc ADR stock received a consensus recommendation rating of Overweight, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended VOD as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.

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Vodafone Group plc ADR (NASDAQ:VOD) trade information

Instantly VOD has been showing red trend so far today with a performance of -1.41% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently up 1.08% year-to-date, but still down -1.30% over the last five days. On the other hand, Vodafone Group plc ADR (NASDAQ:VOD) is -5.75% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $9.5, which translates to bulls needing to increase their stock price by 7.47% from its current value. Analyst projections state that VOD is forecast to be at a low of $9.5 and a high of $9.5.

Vodafone Group plc ADR (VOD) estimates and forecasts

Vodafone Group plc ADR share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 0.73 percent over the past six months and at a -9.88% annual growth rate that is well below the industry average of 7.80%.

Vodafone Group plc ADR earnings are expected to increase by 9.47% in 2024, but the outlook is positive 20.90% per year for the next five years.

VOD Dividends

Vodafone Group plc ADR’s next quarterly earnings report is expected to be released in July. The annual dividend yield of the stock is 11.09 percent and its annual dividend per share was 0.97. It is important to note, however, that the 11.09% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.