Vodafone Group (NASDAQ:VOD) Shares Cross Below Two Hundred Day Moving Average - What's Next?

Key Points

• Vodafone shares fell below their 200-day moving average, trading as low as $15.23 and last at $15.37, versus a 200-day average of $15.46.
• Analyst views are divided: four rate the stock Buy, four Hold and four Sell. MarketBeat’s consensus is Hold, with an average price target of $13.13.
• Several institutional investors increased their Vodafone holdings, including Euro Pacific Asset Management and First Trust Advisors during the third quarter.

Vodafone Group PLC (NASDAQ:VOD - Get Free Report) shares passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $15.46 and traded as low as $15.23. Vodafone Group shares last traded at $15.37, with a volume of 4,203,993 shares.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VOD. JPMorgan Chase & Co. reissued a "sell" rating on shares of Vodafone Group in a report on Monday, July 27th. UBS Group reaffirmed a "sell" rating on shares of Vodafone Group in a report on Tuesday, July 28th. Deutsche Bank restated a "buy" rating on shares of Vodafone Group in a research note on Friday, October 9th. DZ Bank restated a "neutral" rating on shares of Vodafone Group in a research report on Monday, August 17th. Finally, Weiss Ratings lowered shares of Vodafone Group from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, October 30th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $13.13.

Vodafone Group Stock Down 0.8%

The business's 50 day simple moving average is $16.28 and its two-hundred day simple moving average is $15.46. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.11 and a current ratio of 1.04.

Vodafone Group Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, February 3rd. Investors of record on Friday, November 20th will be paid a dividend of $0.2588 per share. The ex-dividend date is Friday, November 20th. This represents a dividend yield of 334.0%.

Institutional Investors Weigh In On Vodafone Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Euro Pacific Asset Management LLC lifted its position in shares of Vodafone Group by 45,047.5% in the third quarter. Euro Pacific Asset Management LLC now owns 7,018,174 shares of the cell phone carrier's stock worth $113,344,000 after buying an additional 7,002,629 shares in the last quarter. First Trust Advisors LP raised its position in shares of Vodafone Group by 2,254.4% during the 3rd quarter. First Trust Advisors LP now owns 837,552 shares of the cell phone carrier's stock valued at $13,526,000 after buying an additional 801,978 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Vodafone Group by 72.4% in the 1st quarter. Sei Investments Co. now owns 866,316 shares of the cell phone carrier's stock valued at $13,014,000 after acquiring an additional 363,694 shares during the last quarter. Ritholtz Wealth Management raised its stake in shares of Vodafone Group by 4.0% in the third quarter. Ritholtz Wealth Management now owns 771,431 shares of the cell phone carrier's stock valued at $12,459,000 after acquiring an additional 29,373 shares during the period. Finally, Merit Financial Group LLC grew its holdings in Vodafone Group by 7,003.0% during the 2nd quarter. Merit Financial Group LLC now owns 788,577 shares of the cell phone carrier's stock valued at $10,429,000 after purchasing an additional 777,475 shares during the last quarter. Institutional investors own 7.84% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.