Vodafone Group (NASDAQ:VOD) Upgraded to "Strong Sell" at BNP Paribas

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

A number of other research firms also recently weighed in on VOD. Berenberg Bank raised Vodafone Group to a "hold" rating in a research report on Thursday, June 26th. Morgan Stanley started coverage on Vodafone Group in a research report on Wednesday, July 2nd. They set an "equal weight" rating on the stock. Zacks Research raised Vodafone Group to a "hold" rating in a research report on Tuesday, August 12th. BNP Paribas Exane started coverage on Vodafone Group in a research report on Tuesday. They set an "underperform" rating and a $8.00 target price on the stock. Finally, The Goldman Sachs Group downgraded Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 target price on the stock. in a research report on Thursday, July 31st. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and an average target price of $72.00.

Vodafone Group Trading Down 0.7%

Shares of NASDAQ:VOD opened at $11.66 on Tuesday. The company has a market cap of $27.97 billion, a P/E ratio of 10.23, a P/E/G ratio of 0.27 and a beta of 0.62. The stock's 50-day moving average is $11.61 and its 200-day moving average is $10.69. Vodafone Group has a 52-week low of $8.00 and a 52-week high of $12.06. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VOD. V Square Quantitative Management LLC bought a new position in Vodafone Group during the second quarter worth about $25,000. Atwood & Palmer Inc. bought a new position in shares of Vodafone Group in the second quarter valued at approximately $27,000. Hazlett Burt & Watson Inc. raised its stake in shares of Vodafone Group by 65.5% in the first quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier's stock valued at $30,000 after acquiring an additional 1,250 shares during the last quarter. Wayfinding Financial LLC bought a new position in shares of Vodafone Group in the first quarter valued at approximately $31,000. Finally, Sound Income Strategies LLC raised its stake in shares of Vodafone Group by 3,455.7% in the third quarter. Sound Income Strategies LLC now owns 3,449 shares of the cell phone carrier's stock valued at $39,000 after acquiring an additional 3,352 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.