Vodafone Group (NASDAQ:VOD) Lowered to Hold Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Vodafone Group from “Buy” to “Hold.” MarketBeat reports a consensus rating of “Reduce,” with three Buy, three Hold and four Sell ratings, and an average price target of $10.57.
• Vodafone shares opened at $17.02, near their 12-month high of $17.71, compared with a low of $11.12. The stock’s 50-day and 200-day moving averages were $16.21 and $15.32, respectively.
• Institutional investors recently increased their Vodafone holdings, but institutional ownership remains relatively limited at 7.84% of the company’s stock.

Vodafone Group (NASDAQ:VOD - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Tuesday, Wall Street Zen reports.

A number of other research firms have also recently commented on VOD. Bank of America cut Vodafone Group from a "neutral" rating to an "underperform" rating and set a $13.13 target price on the stock. in a research note on Tuesday, May 26th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Vodafone Group in a report on Tuesday, September 1st. New Street Research raised Vodafone Group from a "neutral" rating to a "buy" rating in a research note on Friday, July 10th. Zacks Research lowered shares of Vodafone Group from a "hold" rating to a "strong sell" rating in a report on Thursday, September 17th. Finally, The Goldman Sachs Group raised Vodafone Group from a "sell" rating to a "buy" rating in a research note on Friday, September 4th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus target price of $10.57.

Vodafone Group Stock Performance

Shares of VOD opened at $17.02 on Tuesday. The stock has a 50-day moving average price of $16.21 and a 200-day moving average price of $15.32. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.84. Vodafone Group has a 12-month low of $11.12 and a 12-month high of $17.71.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. boosted its stake in Vodafone Group by 5.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 11,671 shares of the cell phone carrier's stock worth $154,000 after purchasing an additional 653 shares in the last quarter. Assetmark Inc. increased its stake in Vodafone Group by 31.5% during the 1st quarter. Assetmark Inc. now owns 2,992 shares of the cell phone carrier's stock valued at $45,000 after purchasing an additional 717 shares in the last quarter. Larson Financial Group LLC raised its holdings in Vodafone Group by 28.3% in the fourth quarter. Larson Financial Group LLC now owns 3,524 shares of the cell phone carrier's stock worth $47,000 after buying an additional 778 shares during the last quarter. Euro Pacific Asset Management LLC lifted its stake in shares of Vodafone Group by 8.4% in the first quarter. Euro Pacific Asset Management LLC now owns 15,864 shares of the cell phone carrier's stock worth $239,000 after buying an additional 1,231 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its holdings in shares of Vodafone Group by 2.6% during the first quarter. Nations Financial Group Inc. IA ADV now owns 51,769 shares of the cell phone carrier's stock valued at $778,000 after buying an additional 1,301 shares during the last quarter. 7.84% of the stock is currently owned by institutional investors.

Vodafone Group Company Profile

Vodafone Group Plc is a British multinational telecommunications company that provides mobile and fixed-line connectivity, broadband, voice, messaging and related digital services. Its offerings serve individual consumers, households, businesses and public-sector organizations, with services delivered through local Vodafone operations and partner networks.

The company also provides enterprise communications and technology solutions, including cloud and hosting services, cybersecurity, the Internet of Things, unified communications and managed connectivity.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.