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Goldman Sachs Reaffirms Their Hold Rating on Vodafone (VOD)

Goldman Sachs Reaffirms Their Hold Rating on Vodafone (VOD)

Goldman Sachs analyst Andrew Lee maintained a Hold rating on Vodafone yesterday. The company's shares closed yesterday at p80.46.
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Lee covers the Communication Services sector, focusing on stocks such as Vodafone, Liberty Global A, and 1&1 Drillisch AG. According to TipRanks, Lee has an average return of 1.8% and a 54.94% success rate on recommended stocks.
In addition to Goldman Sachs, Vodafone also received a Hold from Morgan Stanley's Emmet Kelly in a report issued on July 2. However, on July 7, Deutsche Bank maintained a Buy rating on Vodafone (LSE: VOD).
Based on Vodafone's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of p19.17 billion and a GAAP net loss of p5.23 billion. In comparison, last year the company earned a revenue of p21.94 billion and had a GAAP net loss of p346 million
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VOD in relation to earlier this year.
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