Vodafone Group (NASDAQ:VOD) Now Covered by Analysts at Morgan Stanley

Morgan Stanley initiated coverage on shares of Vodafone Group (NASDAQ:VOD - Get Free Report) in a research report issued on Wednesday. The firm set an "equal weight" rating on the cell phone carrier's stock.

A number of other analysts have also recently weighed in on VOD. Berenberg Bank raised shares of Vodafone Group to a "hold" rating in a report on Thursday, June 26th. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Vodafone Group in a research report on Wednesday, April 23rd. Bank of America downgraded shares of Vodafone Group from a "buy" rating to a "neutral" rating in a research report on Monday, March 24th. Wall Street Zen downgraded shares of Vodafone Group from a "buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Finally, DZ Bank upgraded shares of Vodafone Group from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold".

Vodafone Group Stock Performance

Shares of NASDAQ:VOD traded up $0.09 on Wednesday, reaching $10.76. 7,778,356 shares of the company's stock were exchanged, compared to its average volume of 9,218,091. The firm has a market capitalization of $26.67 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 0.95 and a beta of 0.59. Vodafone Group has a fifty-two week low of $8.00 and a fifty-two week high of $10.93. The business's 50-day moving average is $10.04 and its two-hundred day moving average is $9.21. The company has a quick ratio of 1.23, a current ratio of 1.26 and a debt-to-equity ratio of 0.85.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hazlett Burt & Watson Inc. increased its holdings in shares of Vodafone Group by 65.5% during the 1st 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 bought a new position in shares of Vodafone Group during the 1st quarter worth about $31,000. NBC Securities Inc. increased its holdings in shares of Vodafone Group by 116,833.3% during the 1st 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. Smartleaf Asset Management LLC increased its holdings in shares of Vodafone Group by 63.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,881 shares of the cell phone carrier's stock worth $41,000 after purchasing an additional 1,899 shares during the period. Finally, GeoWealth Management LLC increased its holdings in Vodafone Group by 258.0% in the 4th quarter. GeoWealth Management LLC now owns 5,180 shares of the cell phone carrier's stock valued at $44,000 after buying an additional 3,733 shares during the period. Institutional investors own 7.84% of the company's stock.

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.