Vodafone Group (NASDAQ:VOD) Stock Gets Downgrade from Wall Street Zen

Key Points

• Wall Street Zen downgraded Vodafone Group from “hold” to “sell.” Barclays also recently cut its rating to “underweight,” while Goldman Sachs upgraded the stock to “buy.”
• Analyst opinions are split: four rate Vodafone “buy,” four “hold,” and four “sell.” MarketBeat reports a consensus “hold” rating and an average price target of $13.13.
• Vodafone shares opened at $15.37 on Friday, below their 50-day moving average of $16.28; the stock’s 12-month range is $11.71 to $17.71.

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

A number of other research firms also recently issued reports on VOD. Barclays downgraded Vodafone Group from an "equal weight" rating to an "underweight" rating in a research report on Tuesday, October 20th. The Goldman Sachs Group upgraded Vodafone Group from a "sell" rating to a "buy" rating in a report on Friday, September 4th. Zacks Research raised Vodafone Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, November 3rd. Weiss Ratings cut Vodafone Group from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, October 30th. Finally, DZ Bank reiterated a "neutral" rating on shares of Vodafone Group in a report on Monday, August 17th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $13.13.

Vodafone Group Stock Down 0.8%

Shares of VOD opened at $15.37 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.04 and a debt-to-equity ratio of 1.07. The stock's fifty day simple moving average is $16.28 and its 200 day simple moving average is $15.46. Vodafone Group has a twelve month low of $11.71 and a twelve month high of $17.71.

Institutional Trading of Vodafone Group

Several large investors have recently added to or reduced their stakes in VOD. Boit C F David acquired a new position in shares of Vodafone Group during the third quarter worth about $25,000. Western Wealth Management LLC purchased a new stake in shares of Vodafone Group in the first quarter worth about $34,000. Assetmark Inc. grew its stake in shares of Vodafone Group by 31.5% in the first quarter. Assetmark Inc. now owns 2,992 shares of the cell phone carrier's stock valued at $45,000 after buying an additional 717 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Vodafone Group in the second quarter valued at about $45,000. Finally, Mather Group LLC. grew its stake in shares of Vodafone Group by 3,293.3% in the third quarter. Mather Group LLC. now owns 4,072 shares of the cell phone carrier's stock valued at $66,000 after buying an additional 3,952 shares in the last quarter. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Vodafone Group Company Profile

Vodafone Group is a telecommunications company headquartered in the United Kingdom. It provides mobile and fixed-line connectivity, broadband, voice and data services to consumers, businesses and public-sector organizations. The company also offers business technology services, including Internet of Things connectivity and digital solutions. Its operations and services span Europe and Africa, with Vodacom serving as a major part of its African business, and it works with partner networks to serve customers in other markets.

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