Home / Street Sector / Truces Call By Bulls and Bears: Vodafone Group (NASDAQ:VOD), RMG Networks Holding (NASDAQ:RMGN)

Truces Call By Bulls and Bears: Vodafone Group (NASDAQ:VOD), RMG Networks Holding (NASDAQ:RMGN)

Shares of Vodafone Group Plc (NASDAQ:VOD) [Trend Analysis] runs in leading trade, it surging 0.39% to traded at $25.73. The firm has price volatility of 1.52% for a week and 1.16% for a month. Its beta stands at 0.88 times. Vodafone (VOD) reported that it regulators could look favourably on any wider tie-up among the mobile telecoms giant and cable firm Liberty Global in Europe because it would counterbalance the power of former incumbents in Germany, Italy and Britain.

“The European Commission has clearly indicated that they like the idea of stronger contenders to former incumbents,” Vodafone Chief Executive Vittorio Colao told analysts and investors at a Morgan Stanley industry conference in Barcelona on Wednesday.

“They see that in each country there is a KPN, a Telecom Italia (TLIT,MI), a Deutsche Telekom, a BT , that are at the end of the day still incredibly, I would not want to use the word dominant, but let’s say influential. And you want a counter force, and we could be that counter force,” he stated. Vodafone and Liberty joined forces in the Dutch telecoms market in August, agreeing the local accord in February soon following talks on a wider European tie-up failed. Narrow down four to firm performance, its weekly performance was -6.03% and monthly performance was -8.60%. The stock price of VOD is moving down from its 20 days moving average with -5.72% and isolated negatively from 50 days moving average with -9.23%.

RMG Networks Holding Corporation (NASDAQ:RMGN) [Trend Analysis] luring active investment momentum, shares a loss -0.21% to $0.65. RMG Networks Holding Corporation (NASDAQ: RMGN) reported that its BOD  has agreed a capital raise by way of a rights offering in which its existing stockholders will be granted rights to subscribe for additional shares of RMG ordinary stock. The Firm’s BOD has agreed a record date of November 29, 2016 for the rights offering.

The planned rights offering will be made through the Firm’s distribution to its existing stockholders as of the Record Date of non-transferable subscription rights to purchase their pro rata portion of newly issued shares of the Firm’s ordinary stock, on terms and conditions to be determined previous to the commencement of the rights offering.

The proposed rights offering will also include an over-subscription right, which will entitle existing stockholders that exercise all of their basic subscription rights to purchase additional shares to the extent not purchased by other rights holders, subject to certain limitations.

The total volume of 105155 shares held in the session was surprisingly higher than its average volume of 67.74 shares. EPS anticipates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 89.40%, and looking additional price to next year’s EPS is 38.50%. While take a short look on price to sales ratio, that was 0.58.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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