Vodafone Group (NASDAQ:VOD) Upgraded at Berenberg Bank

Vodafone Group (NASDAQ:VOD - Get Free Report) was upgraded by research analysts at Berenberg Bank to a "hold" rating in a report released on Thursday,Zacks.com reports.

VOD has been the topic of several other research reports. Wall Street Zen cut shares of Vodafone Group from a "buy" rating to a "hold" rating in a report on Tuesday, May 27th. DZ Bank upgraded shares of Vodafone Group from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Vodafone Group in a research note on Wednesday, April 23rd. Finally, Bank of America cut Vodafone Group from a "buy" rating to a "neutral" rating in a research note on Monday, March 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Vodafone Group presently has an average rating of "Hold".

Vodafone Group Stock Up 2.8%

VOD opened at $10.66 on Thursday. 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 business's 50-day moving average price is $9.88 and its 200-day moving average price is $9.12. The company has a market cap of $26.43 billion, a P/E ratio of 9.35 and a beta of 0.58. Vodafone Group has a 12 month low of $8.00 and a 12 month high of $10.70.

Institutional Investors Weigh In On Vodafone Group

A number of large investors have recently modified their holdings of VOD. ACR Alpine Capital Research LLC lifted its holdings in Vodafone Group by 16.8% in the first quarter. ACR Alpine Capital Research LLC now owns 25,696,928 shares of the cell phone carrier's stock worth $240,780,000 after buying an additional 3,690,617 shares during the period. D. E. Shaw & Co. Inc. raised its position in shares of Vodafone Group by 341.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 4,146,322 shares of the cell phone carrier's stock worth $35,202,000 after acquiring an additional 3,206,506 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in shares of Vodafone Group in the 4th quarter valued at approximately $21,969,000. Grantham Mayo Van Otterloo & Co. LLC boosted its position in shares of Vodafone Group by 18.1% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,598,375 shares of the cell phone carrier's stock valued at $123,940,000 after purchasing an additional 2,238,935 shares in the last quarter. Finally, Proficio Capital Partners LLC grew its stake in Vodafone Group by 749.7% in the fourth quarter. Proficio Capital Partners LLC now owns 2,151,935 shares of the cell phone carrier's stock worth $18,270,000 after purchasing an additional 1,898,663 shares during the period. Institutional investors own 7.84% of the company's stock.

About Vodafone Group

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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