Vodafone Group (NASDAQ:VOD) Reaches New 52-Week High - Time to Buy?

Key Points

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Vodafone Group PLC (NASDAQ:VOD - Get Free Report)'s share price hit a new 52-week high on Tuesday . The stock traded as high as $11.75 and last traded at $11.70, with a volume of 3981969 shares. The stock had previously closed at $11.67.

Analyst Upgrades and Downgrades

VOD has been the subject of several analyst reports. Zacks Research upgraded shares of Vodafone Group to a "hold" rating in a research note on Tuesday, August 12th. Morgan Stanley started coverage on shares of Vodafone Group in a report on Wednesday, July 2nd. They issued an "equal weight" rating on the stock. The Goldman Sachs Group lowered shares of Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 target price on the stock. in a report on Thursday, July 31st. Wall Street Zen lowered shares of Vodafone Group from a "buy" rating to a "hold" rating in a report on Tuesday, May 27th. Finally, Berenberg Bank raised shares of Vodafone Group to a "hold" rating in a report on Thursday, June 26th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Vodafone Group currently has a consensus rating of "Reduce" and an average target price of $136.00.

Vodafone Group Trading Up 0.5%

The business's 50 day moving average price is $10.97 and its two-hundred day moving average price is $9.87. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $28.92 billion, a price-to-earnings ratio of 10.46, a P/E/G ratio of 0.57 and a beta of 0.62.

Institutional Investors Weigh In On Vodafone Group

Several hedge funds have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership lifted its position in shares of Vodafone Group by 22.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 27,680,971 shares of the cell phone carrier's stock valued at $295,079,000 after acquiring an additional 5,160,095 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Vodafone Group by 116.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,076,148 shares of the cell phone carrier's stock valued at $86,092,000 after acquiring an additional 4,352,389 shares during the period. ACR Alpine Capital Research LLC lifted its position in shares of Vodafone Group by 16.8% during the 1st quarter. ACR Alpine Capital Research LLC now owns 25,696,928 shares of the cell phone carrier's stock valued at $240,780,000 after acquiring an additional 3,690,617 shares during the period. SALT Holding Corp. lifted its position in shares of Vodafone Group by 3,039.6% during the 2nd quarter. SALT Holding Corp. now owns 3,623,500 shares of the cell phone carrier's stock valued at $38,627,000 after acquiring an additional 3,508,086 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its position in shares of Vodafone Group by 341.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 4,146,322 shares of the cell phone carrier's stock valued at $35,202,000 after acquiring an additional 3,206,506 shares during the period. 7.84% of the stock is currently owned by institutional investors and hedge funds.

About Vodafone Group

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.