Vodafone Group (NASDAQ:VOD) Cut to Underweight at Barclays

Key Points

• Barclays downgraded Vodafone Group from “equal weight” to “underweight,” signaling a more bearish outlook for the stock.
• Analyst sentiment is mixed but leans negative: Vodafone has an average “Reduce” rating, with three Buy, three Hold, and four Sell ratings, and a consensus price target of $10.57.
• Vodafone shares opened at $15.87, compared with a 52-week range of $11.12 to $17.71; institutional investors own 7.84% of the company.

Vodafone Group (NASDAQ:VOD - Get Free Report) was downgraded by equities researchers at Barclays from an "equal weight" rating to an "underweight" rating in a research note issued on Tuesday, Briefing.com reports.

Other analysts have also recently issued research reports about the stock. Weiss Ratings upgraded shares of Vodafone Group from a "sell (d+)" rating to a "hold (c)" rating in a research report on Thursday, October 8th. New Street Research upgraded Vodafone Group from a "neutral" rating to a "buy" rating in a report on Friday, July 10th. Wall Street Zen lowered Vodafone Group from a "buy" rating to a "hold" rating in a report on Tuesday, September 22nd. The Goldman Sachs Group raised Vodafone Group from a "sell" rating to a "buy" rating in a research note on Friday, September 4th. Finally, Zacks Research cut Vodafone Group from a "hold" rating to a "strong sell" rating in a research note on Thursday, September 17th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Vodafone Group has an average rating of "Reduce" and a consensus target price of $10.57.

Vodafone Group Stock Performance

Shares of NASDAQ VOD opened at $15.87 on Tuesday. Vodafone Group has a 52-week low of $11.12 and a 52-week high of $17.71. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.11 and a current ratio of 1.14. The firm has a 50 day moving average price of $16.43 and a 200 day moving average price of $15.55.

Institutional Trading of Vodafone Group

A number of institutional investors have recently modified their holdings of the company. Independent Wealth Network Inc. acquired a new stake in shares of Vodafone Group in the 3rd quarter valued at approximately $164,000. Mather Group LLC. increased its holdings in Vodafone Group by 3,293.3% during the third quarter. Mather Group LLC. now owns 4,072 shares of the cell phone carrier's stock worth $66,000 after buying an additional 3,952 shares during the last quarter. Euro Pacific Asset Management LLC increased its holdings in Vodafone Group by 45,047.5% during the third quarter. Euro Pacific Asset Management LLC now owns 7,018,174 shares of the cell phone carrier's stock worth $113,344,000 after buying an additional 7,002,629 shares during the last quarter. HF Advisory Group LLC raised its position in Vodafone Group by 6.0% during the third quarter. HF Advisory Group LLC now owns 233,425 shares of the cell phone carrier's stock worth $3,770,000 after acquiring an additional 13,295 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Vodafone Group by 10.9% during the third quarter. GAMMA Investing LLC now owns 17,341 shares of the cell phone carrier's stock worth $280,000 after acquiring an additional 1,699 shares in the last quarter. 7.84% of the stock is currently owned by institutional investors.

Vodafone Group Company Profile

Vodafone Group Plc is a telecommunications company headquartered in Newbury, England. It provides mobile and fixed-line connectivity, broadband, voice and messaging services, digital communications, and related technology solutions to consumers, businesses, and public-sector organizations.

The company operates primarily across Europe and Africa. Its consumer businesses offer mobile plans, home broadband, television and other digital services, while Vodafone Business provides connectivity, cloud, cybersecurity, Internet of Things, unified communications, and managed technology services.

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