Why Vodafone Stock Rocketed Almost 13% Higher Today
A large stake of international telecom service provider (NASDAQ: VOD) changed hands late on Thursday, and investors reacted accordingly the next trading day. Friday saw the company's American Depositary Receipts (ADRs) rise by nearly 13% as a result.
The buyer of the Vodafone stake was Xavier Niel, a French entrepreneur and billionaire who founded (and still owns most of) that country's telecom and tech company Iliad. Niel purchased the stake through a family investment vehicle called Vega. The seller was Emirates Telecommunications Group.
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Source Fool.com
Vodafone Group Stock
€1.38
1.020%
Our community is currently high on Vodafone Group with 4 Buy predictions and 0 Sell predictions.
With a target price of 2 € there is a positive potential of 44.82% for Vodafone Group compared to the current price of 1.38 €.
