Vodafone Group Plc (ADR) (NASDAQ:VOD) split its European business into 2 units, promoting Philipp Humm and Paolo Bertoluzzo to head the regional businesses as the world’s second-biggest mobile phone corporation reorganizes its structure.
Vodafone reported that Philipp Humm would manage the northern and eastern European business including Germany, UK and Turkey, while Bertoluzzo would direct the southern European unit including Spain.
The restructuring pursues the planned quit of Europe chief Michel Combes to Vivendi. The reorganization permits Newbury, England-based Vodafone to set their possible succession candidates to Chief Executive Officer Vittorio Colao, according to a people with knowledge about the matter said in May.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. BT Group plc (ADR) (NYSE:BT) increased +2.63% to settle at $33.18, Telefonica S.A. (ADR) (NYSE:TEF) moved up +6.50% to end at $13.10 while Turkcell Iletisim Hizmetleri A.S. (ADR) (NYSE:TKC) jumped +2.87% to finish on Friday at $12.55.
Vodafone Group Plc (ADR) (NASDAQ:VOD) last session volume of 7.95 million shares was surprisingly higher than its average volume of 9.25 million shares. The stock after opening at $28.15 hit high price of $28.29 and then closed at $28.18 by scoring -0.11%.
The liquidity measure in recent quarter results of the company was recorded 0.83 as current ratio and on the other side the debt to equity ratio was 0.45 and long-term debt to equity ratio also remained 0.37. The Company had total cash at hand $12.90 billion and a book value per share as $24.13 in the most recent quarter.
The stock price volatility was 1.12% for a week and 1.10% for a month as well as price volatility’s Average True Range for 14 days was 0.35 and its beta remained 0.77.
VOD generated revenue of 72.35 billion in the following twelve months and earned $10.84 billion. The Company showed a positive 15.09% in the net profit margin and as well as in its operating margin which remained 24.10%. Company’s annual sales growth for the past five year was 8.34%.
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