Vodafone Group (NASDAQ:VOD) Now Covered by BNP Paribas Exane

Key Points

• BNP Paribas Exane has initiated coverage on Vodafone Group (NASDAQ:VOD) with an "underperform" rating and a price target of $8.00, suggesting a potential downside of 31.39% from its previous close.
• Despite the new coverage, the consensus among analysts remains cautious, with Zacks Research and Berenberg Bank both maintaining a "hold" rating on the stock.
• Vodafone Group shares have shown volatility, with a 52-week low of $8.00 and a high of $12.06, indicating a significant gap in price performance over the year.

Equities research analysts at BNP Paribas Exane assumed coverage on shares of Vodafone Group (NASDAQ:VOD - Get Free Report) in a research note issued on Tuesday,Briefing.com Automated Import reports. The brokerage set an "underperform" rating and a $8.00 price target on the cell phone carrier's stock. BNP Paribas Exane's target price points to a potential downside of 31.39% from the stock's previous close.

A number of other equities analysts have also recently commented on VOD. Zacks Research raised shares of Vodafone Group to a "hold" rating in a research note on Tuesday, August 12th. Berenberg Bank upgraded shares of Vodafone Group to a "hold" rating in a report on Thursday, June 26th. The Goldman Sachs Group lowered shares of Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 target price for the company. in a report on Thursday, July 31st. Morgan Stanley initiated coverage on shares of Vodafone Group in a report on Wednesday, July 2nd. They issued an "equal weight" rating for the company. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Vodafone Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $72.00.

Vodafone Group Stock Performance

Shares of NASDAQ:VOD opened at $11.66 on Tuesday. Vodafone Group has a 52 week low of $8.00 and a 52 week high of $12.06. The stock has a market capitalization of $27.97 billion, a P/E ratio of 10.23, a PEG ratio of 0.27 and a beta of 0.62. The firm has a fifty day simple moving average of $11.61 and a two-hundred day simple moving average of $10.65. 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 have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC purchased a new position in Vodafone Group during the 2nd quarter valued at about $25,000. Atwood & Palmer Inc. purchased a new position in Vodafone Group during the 2nd quarter valued at about $27,000. Hazlett Burt & Watson Inc. increased its position in 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 valued at $30,000 after purchasing an additional 1,250 shares during the period. Wayfinding Financial LLC purchased a new position in Vodafone Group during the 1st quarter valued at about $31,000. Finally, Sound Income Strategies LLC increased its position in Vodafone Group by 3,455.7% during the 3rd quarter. Sound Income Strategies LLC now owns 3,449 shares of the cell phone carrier's stock valued at $39,000 after purchasing an additional 3,352 shares during the period. Hedge funds and other institutional investors own 7.84% of the company's stock.

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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