Vodafone Group (NASDAQ:VOD) Raised to "Buy" at Wall Street Zen

Key Points

• Vodafone Group has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating a positive outlook for the stock.
• Despite the upgrade, other analysts show mixed opinions, with BNP Paribas issuing a "strong sell" and Goldman Sachs lowering their rating to "sell".
• Institutional ownership of Vodafone Group is at 7.84%, with recent activity reflecting new investments from various hedge funds and investors.

Vodafone Group (NASDAQ:VOD - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

Several other research analysts have also recently weighed in on VOD. BNP Paribas raised shares of Vodafone Group to a "strong sell" rating in a research report on Tuesday. BNP Paribas Exane assumed coverage on shares of Vodafone Group in a report on Tuesday. They issued an "underperform" rating and a $8.00 price objective on the stock. Morgan Stanley assumed coverage on shares of Vodafone Group in a report on Wednesday, July 2nd. They issued an "equal weight" rating on the stock. Weiss Ratings restated a "sell (d+)" rating on shares of Vodafone Group in a report on Friday. 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 on the stock. 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 five have given a Sell rating to the company. According to MarketBeat, Vodafone Group presently has an average rating of "Reduce" and a consensus price target of $72.00.

Vodafone Group Trading Up 0.6%

Shares of VOD stock opened at $11.73 on Friday. The company's 50-day moving average price is $11.62 and its 200-day moving average price is $10.71. 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 stock has a market cap of $28.14 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 0.26 and a beta of 0.62. Vodafone Group has a twelve month low of $8.00 and a twelve month high of $12.06.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. V Square Quantitative Management LLC purchased a new stake in Vodafone Group during the 2nd quarter worth about $25,000. Atwood & Palmer Inc. purchased a new position in shares of Vodafone Group in the 2nd quarter valued at about $27,000. Hazlett Burt & Watson Inc. increased its stake 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 buying 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 approximately $31,000. Finally, Sound Income Strategies LLC increased its stake in shares of Vodafone Group by 3,455.7% during the third quarter. Sound Income Strategies LLC now owns 3,449 shares of the cell phone carrier's stock worth $39,000 after buying an additional 3,352 shares during the period. 7.84% of the stock is owned by institutional investors and hedge funds.

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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