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.

Vodafone Group (NASDAQ:VOD - Get Free Report) was upgraded by Zacks Research to a "hold" rating in a research note issued to investors on Tuesday,Zacks.com reports.

VOD has been the subject of several other reports. 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 research report on Thursday, July 31st. Morgan Stanley initiated coverage on shares of Vodafone Group in a research report on Wednesday, July 2nd. They issued an "equal weight" rating for the company. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Vodafone Group in a research report on Wednesday, April 23rd. Berenberg Bank upgraded shares of Vodafone Group to a "hold" rating in a research report on Thursday, June 26th. Finally, Wall Street Zen lowered shares of Vodafone Group from a "buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $136.00.

Vodafone Group Stock Performance

Shares of VOD traded up $0.02 during mid-day trading on Tuesday, hitting $11.66. 880,279 shares of the company traded hands, compared to its average volume of 11,886,346. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26. The stock has a 50-day moving average price of $10.79 and a two-hundred day moving average price of $9.75. Vodafone Group has a 1 year low of $8.00 and a 1 year high of $11.68. The stock has a market cap of $28.28 billion, a price-to-earnings ratio of 10.22, a P/E/G ratio of 0.56 and a beta of 0.62.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VOD. Barclays PLC raised its stake in shares of Vodafone Group by 57,500.0% in the fourth quarter. Barclays PLC now owns 29,952 shares of the cell phone carrier's stock valued at $254,000 after acquiring an additional 29,900 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Vodafone Group in the fourth quarter valued at $970,000. Waverly Advisors LLC purchased a new stake in shares of Vodafone Group in the fourth quarter valued at $216,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Vodafone Group in the first quarter valued at $125,000. Finally, Stifel Financial Corp increased its stake in Vodafone Group by 8.8% in the 4th quarter. Stifel Financial Corp now owns 846,901 shares of the cell phone carrier's stock worth $7,190,000 after buying an additional 68,833 shares during the period. 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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