Vodafone Group (NASDAQ:VOD - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.
Several other research firms also recently issued reports on VOD. Barclays downgraded shares of Vodafone Group from an "overweight" rating to an "equal weight" rating in a research note on Thursday, June 11th. 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 report on Tuesday, May 26th. Zacks Research downgraded Vodafone Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 28th. DZ Bank downgraded Vodafone Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings lowered Vodafone Group from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, June 4th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $10.57.
Read Our Latest Analysis on Vodafone Group
Vodafone Group Trading Up 1.0%
Shares of Vodafone Group stock opened at $16.04 on Friday. 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 company has a fifty day simple moving average of $15.14 and a 200-day simple moving average of $15.15. Vodafone Group has a 12-month low of $11.12 and a 12-month high of $16.60.
Institutional Investors Weigh In On Vodafone Group
Institutional investors and hedge funds have recently made changes to their positions in the business. ACR Alpine Capital Research LLC grew its holdings in shares of Vodafone Group by 3.0% during the first quarter. ACR Alpine Capital Research LLC now owns 26,854,952 shares of the cell phone carrier's stock worth $403,361,000 after buying an additional 784,305 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Vodafone Group by 1.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 15,286,509 shares of the cell phone carrier's stock valued at $201,935,000 after acquiring an additional 182,574 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Vodafone Group by 9,637.5% during the 4th quarter. Bank of New York Mellon Corp now owns 8,902,486 shares of the cell phone carrier's stock worth $117,602,000 after acquiring an additional 8,811,061 shares during the period. Bank of America Corp DE grew its stake in shares of Vodafone Group by 9.1% in the 3rd quarter. Bank of America Corp DE now owns 7,331,144 shares of the cell phone carrier's stock valued at $85,041,000 after purchasing an additional 610,409 shares during the last quarter. Finally, SALT Holding Corp. grew its stake in shares of Vodafone Group by 5.5% in the 3rd quarter. SALT Holding Corp. now owns 3,821,000 shares of the cell phone carrier's stock valued at $44,324,000 after purchasing an additional 197,500 shares during the last quarter. 7.84% of the stock is owned by hedge funds and other institutional investors.
Vodafone Group Company Profile
(
Get Free Report)
Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.
Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.
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