Vodafone Group PLC (NASDAQ:VOD) Stock Has Consensus Target Price of $10.57 According to Brokerages

Key Points

• Vodafone Group has a consensus “Reduce” rating from 10 analysts: four recommend selling, three advise holding, and three recommend buying. The average 12-month price target is $10.57.
• Recent analyst views have been mixed, including upgrades from New Street Research and Goldman Sachs, alongside downgrades from Barclays, Zacks Research, and Wall Street Zen.
• VOD shares opened at $16.82, near their 52-week high of $17.71, while institutional investors own 7.84% of the company’s stock.

Shares of Vodafone Group PLC (NASDAQ:VOD - Get Free Report) have received a consensus rating of "Reduce" from the ten ratings firms that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $10.57.

A number of brokerages recently issued reports on VOD. New Street Research raised Vodafone Group from a "neutral" rating to a "buy" rating in a research note on Friday, July 10th. Barclays lowered Vodafone Group from an "overweight" rating to an "equal weight" rating in a research note on Thursday, June 11th. Zacks Research downgraded Vodafone Group from a "hold" rating to a "strong sell" rating in a research report on Thursday, September 17th. The Goldman Sachs Group upgraded shares of Vodafone Group from a "sell" rating to a "buy" rating in a report on Friday, September 4th. Finally, Wall Street Zen downgraded shares of Vodafone Group from a "buy" rating to a "hold" rating in a research note on Tuesday, September 22nd.

Vodafone Group Stock Performance

Shares of NASDAQ:VOD opened at $16.82 on Friday. The business has a 50 day simple moving average of $16.40 and a two-hundred day simple moving average of $15.44. Vodafone Group has a 1 year low of $11.12 and a 1 year 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.

Institutional Trading of Vodafone Group

Large investors have recently modified their holdings of the company. Bayban increased its position in Vodafone Group by 6,696.7% during the 1st quarter. Bayban now owns 2,039 shares of the cell phone carrier's stock valued at $31,000 after purchasing an additional 2,009 shares during the period. Western Wealth Management LLC purchased a new stake in shares of Vodafone Group in the 1st quarter worth approximately $34,000. Assetmark Inc. boosted its stake in shares of Vodafone Group by 31.5% during the first 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. Manchester Capital Management LLC increased its holdings in Vodafone Group by 207.6% during the fourth quarter. Manchester Capital Management LLC now owns 3,282 shares of the cell phone carrier's stock valued at $43,000 after buying an additional 2,215 shares during the period. Finally, Ameritas Advisory Services LLC bought a new position in Vodafone Group in the second quarter worth approximately $45,000. Hedge funds and other institutional investors own 7.84% of the company's stock.

About Vodafone Group

Vodafone Group Plc is a telecommunications company headquartered in the United Kingdom. It provides mobile voice and data services, fixed-line broadband, digital television and related communications services to consumers and businesses.

The company also serves enterprise customers through Vodafone Business, offering connectivity, cloud and hosting services, cybersecurity, unified communications, and Internet of Things solutions. Vodafone's operations and partnerships span several European markets and countries in Africa, with services delivered through mobile and fixed networks.

Vodafone traces its origins to the mobile telecommunications business of Racal Electronics and became an independent company in 1991.

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