Vodafone Group (NASDAQ:VOD) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded Vodafone Group to a "hold" rating, indicating a more positive outlook compared to previous ratings.
• The stock has been subject to mixed ratings from various analysts, with a total of two sell ratings, five hold ratings, and one buy rating currently assigned.
• Vodafone’s shares recently traded at $11.66, with a market cap of $28.28 billion, indicating a stable performance in the market.

Zacks Research upgraded shares of Vodafone Group (NASDAQ:VOD - Free Report) to a hold rating in a research note issued to investors on Tuesday, August 12th,Zacks.com reports.

A number of other research firms have also weighed in on VOD. Berenberg Bank upgraded shares of Vodafone Group to a "hold" rating in a research report on Thursday, June 26th. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Vodafone Group in a report on Wednesday, April 23rd. The Goldman Sachs Group lowered shares of Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 price target on the stock. in a research note on Thursday, July 31st. Morgan Stanley assumed coverage on shares of Vodafone Group in a research report on Wednesday, July 2nd. They issued an "equal weight" rating for the company. Finally, Wall Street Zen cut Vodafone Group from a "buy" rating to a "hold" rating in a research report on Tuesday, May 27th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of $136.00.

Vodafone Group Stock Performance

Shares of NASDAQ:VOD traded up $0.19 on Tuesday, reaching $11.90. The company's stock had a trading volume of 6,689,952 shares, compared to its average volume of 11,768,500. The stock's 50-day moving average is $10.89 and its two-hundred day moving average is $9.83. Vodafone Group has a 52-week low of $8.00 and a 52-week high of $11.92. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.26 and a quick ratio of 1.23. The stock has a market capitalization of $28.88 billion, a P/E ratio of 10.44, a PEG ratio of 0.56 and a beta of 0.62.

Hedge Funds Weigh In On Vodafone Group

A number of large investors have recently made changes to their positions in VOD. Geode Capital Management LLC increased its holdings in shares of Vodafone Group by 39.7% in the 4th quarter. Geode Capital Management LLC now owns 611,461 shares of the cell phone carrier's stock valued at $5,191,000 after purchasing an additional 173,816 shares in the last quarter. Barclays PLC increased its holdings in shares of Vodafone Group by 57,500.0% in the 4th quarter. Barclays PLC now owns 29,952 shares of the cell phone carrier's stock valued at $254,000 after purchasing an additional 29,900 shares in the last quarter. Mariner LLC increased its holdings in shares of Vodafone Group by 5.3% in the 4th quarter. Mariner LLC now owns 900,477 shares of the cell phone carrier's stock valued at $7,645,000 after purchasing an additional 45,669 shares in the last quarter. Guggenheim Capital LLC increased its holdings in shares of Vodafone Group by 73.7% in the 4th quarter. Guggenheim Capital LLC now owns 136,957 shares of the cell phone carrier's stock valued at $1,163,000 after purchasing an additional 58,091 shares in the last quarter. Finally, Bridgewater Associates LP grew its stake in Vodafone Group by 224.9% in the 4th quarter. Bridgewater Associates LP now owns 683,046 shares of the cell phone carrier's stock valued at $5,799,000 after acquiring an additional 472,836 shares during the last quarter. 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.