Vodafone Group (NASDAQ:VOD) Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Vodafone Group from “hold” to “buy,” joining New Street Research and Goldman Sachs, which also recently issued buy ratings.
• Analyst sentiment remains mixed overall: three analysts rate the stock Buy, four Hold, and three Sell, resulting in an average “Hold” rating and an average price target of $10.57.
• Vodafone shares opened at $17.40, near their 52-week high of $17.50, while institutional investors own 7.84% of the company and several firms recently increased their positions.

Vodafone Group (NASDAQ:VOD - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Monday, Wall Street Zen reports.

Several other analysts also recently weighed in on the company. Zacks Research downgraded Vodafone Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 28th. Weiss Ratings restated a "sell (d+)" rating on shares of Vodafone Group in a report on Tuesday, September 1st. Bank of America downgraded shares of 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. New Street Research raised shares of Vodafone Group from a "neutral" rating to a "buy" rating in a research report on Friday, July 10th. Finally, The Goldman Sachs Group raised shares of Vodafone Group from a "sell" rating to a "buy" rating in a report on Friday, September 4th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, Vodafone Group has an average rating of "Hold" and an average target price of $10.57.

Vodafone Group Stock Performance

NASDAQ VOD opened at $17.40 on Monday. Vodafone Group has a 1-year low of $11.12 and a 1-year high of $17.50. The stock has a 50-day moving average of $15.77 and a 200-day moving average of $15.23. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.11.

Institutional Investors Weigh In On Vodafone Group

A number of large investors have recently modified their holdings of the stock. AQR Capital Management LLC raised its stake in Vodafone Group by 21.4% in the first quarter. AQR Capital Management LLC now owns 66,351 shares of the cell phone carrier's stock worth $622,000 after buying an additional 11,703 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Vodafone Group by 1.9% during the 1st quarter. Empowered Funds LLC now owns 296,581 shares of the cell phone carrier's stock worth $2,779,000 after acquiring an additional 5,592 shares during the period. Focus Partners Wealth grew its holdings in shares of Vodafone Group by 19.7% during the 1st quarter. Focus Partners Wealth now owns 20,830 shares of the cell phone carrier's stock worth $195,000 after acquiring an additional 3,435 shares during the period. M&T Bank Corp lifted its stake in shares of Vodafone Group by 13.4% in the 2nd quarter. M&T Bank Corp now owns 19,278 shares of the cell phone carrier's stock valued at $206,000 after purchasing an additional 2,285 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Vodafone Group in the 2nd quarter valued at approximately $140,000. Institutional investors own 7.84% of the company's stock.

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.

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