Vodafone Group (NASDAQ:VOD) Shares Pass Above 200-Day Moving Average - Here's What Happened

Key Points

• Vodafone shares moved above their 200-day moving average, reaching $15.99 before trading at $15.96, compared with the 200-day average of $15.12.
• Analyst sentiment remains cautious: two analysts rate the stock Buy, four Hold and three Sell, producing a consensus “Reduce” rating and a $10.57 target price.
• Institutional ownership stands at 7.84%, with several funds—including AQR Capital Management and Focus Partners Wealth—recently increasing their Vodafone holdings.

Vodafone Group PLC (NASDAQ:VOD - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.12 and traded as high as $15.99. Vodafone Group shares last traded at $15.96, with a volume of 2,490,016 shares trading hands.

Analyst Ratings Changes

VOD has been the topic of a number of recent analyst reports. DZ Bank cut shares of Vodafone Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 13th. Zacks Research lowered shares of Vodafone Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 28th. Barclays cut shares of Vodafone Group from an "overweight" rating to an "equal weight" rating in a research note on Thursday, June 11th. New Street Research upgraded shares of Vodafone Group from a "neutral" rating to a "buy" rating in a research note on Friday, July 10th. Finally, Bank of America downgraded shares of Vodafone Group from a "neutral" rating to an "underperform" rating and set a $13.13 target price for the company. in a report on Tuesday, May 26th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus target price of $10.57.

Vodafone Group Stock Performance

The firm has a 50 day moving average of $15.00 and a 200-day moving average of $15.12. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.11 and a current ratio of 1.14.

Hedge Funds Weigh In On Vodafone Group

Several institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC lifted its stake in Vodafone Group by 21.4% in the 1st quarter. AQR Capital Management LLC now owns 66,351 shares of the cell phone carrier's stock worth $622,000 after purchasing an additional 11,703 shares in the last quarter. Empowered Funds LLC grew its position in shares of Vodafone Group by 1.9% during the first quarter. Empowered Funds LLC now owns 296,581 shares of the cell phone carrier's stock valued at $2,779,000 after purchasing an additional 5,592 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of Vodafone Group by 19.7% in the first quarter. Focus Partners Wealth now owns 20,830 shares of the cell phone carrier's stock worth $195,000 after purchasing an additional 3,435 shares during the last quarter. M&T Bank Corp lifted its position in shares of Vodafone Group by 13.4% in the second quarter. M&T Bank Corp now owns 19,278 shares of the cell phone carrier's stock worth $206,000 after buying an additional 2,285 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in Vodafone Group during the second quarter valued at approximately $140,000. 7.84% of the stock is owned by hedge funds and other institutional investors.

About Vodafone Group

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.

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