Generali Investments CEE investicni spolecnost a.s. Boosts Stock Holdings in Vodafone Group PLC $VOD

Key Points

• Generali Investments CEE expanded its stake in Vodafone Group PLC by 445.3% during the second quarter, resulting in ownership of 51,807 shares valued at approximately $552,000.
• Recent analyst ratings for Vodafone Group include a mix of one Buy, four Hold, and two Sell assessments, with a consensus rating of "Reduce" and an average price target of $136.00.
• Vodafone's stock has shown significant volatility, with a 52-week low of $8.00 and a high of $12.06, currently trading around $11.60.

Generali Investments CEE investicni spolecnost a.s. raised its holdings in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 445.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,807 shares of the cell phone carrier's stock after buying an additional 42,307 shares during the period. Generali Investments CEE investicni spolecnost a.s.'s holdings in Vodafone Group were worth $552,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in VOD. V Square Quantitative Management LLC purchased a new stake in Vodafone Group during the second quarter valued at about $25,000. Atwood & Palmer Inc. purchased a new stake in shares of Vodafone Group during the second quarter worth about $27,000. Hazlett Burt & Watson Inc. boosted its holdings in shares of Vodafone Group by 65.5% during the first quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier's stock worth $30,000 after purchasing an additional 1,250 shares during the period. Wayfinding Financial LLC purchased a new stake in shares of Vodafone Group during the first quarter worth about $31,000. Finally, NBC Securities Inc. boosted its holdings in shares of Vodafone Group by 116,833.3% during the first quarter. NBC Securities Inc. now owns 3,508 shares of the cell phone carrier's stock worth $32,000 after purchasing an additional 3,505 shares during the period. 7.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Berenberg Bank upgraded shares of Vodafone Group to a "hold" rating in a report on Thursday, June 26th. Morgan Stanley assumed coverage on shares of Vodafone Group in a report on Wednesday, July 2nd. They set an "equal weight" rating for the company. Zacks Research upgraded shares of Vodafone Group to a "hold" rating in a report on Tuesday, August 12th. Finally, The Goldman Sachs Group lowered shares of Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 price objective for the company. in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $136.00.

Vodafone Group Price Performance

Shares of NASDAQ VOD opened at $11.60 on Wednesday. Vodafone Group PLC has a fifty-two week low of $8.00 and a fifty-two week high of $12.06. The company has a 50 day simple moving average of $11.56 and a two-hundred day simple moving average of $10.45. The company has a market capitalization of $27.97 billion, a price-to-earnings ratio of 10.18, a P/E/G ratio of 0.55 and a beta of 0.65. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26.

Vodafone Group Company Profile

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.

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