Vodafone Group PLC (NASDAQ:VOD) Given Consensus Rating of "Reduce" by Analysts

Key Points

• Vodafone Group PLC has received a consensus rating of "Reduce" from analysts, with two sell ratings, four hold ratings, and one buy rating among the seven brokerages covering the stock.
• The average 1-year price objective set by analysts for Vodafone Group is $136.00, reflecting a cautious outlook on the stock's performance.
• Institutional investors hold 7.84% of Vodafone Group's stock, showcasing varied interest from sizable financial entities despite recent stock performance challenges.

Vodafone Group PLC (NASDAQ:VOD - Get Free Report) has been assigned a consensus recommendation of "Reduce" from the seven brokerages that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $136.00.

A number of equities analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Vodafone Group from a "buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Berenberg Bank upgraded Vodafone Group to a "hold" rating in a report on Thursday, June 26th. Morgan Stanley began coverage on Vodafone Group in a report on Wednesday, July 2nd. They set an "equal weight" rating on the stock. The Goldman Sachs Group lowered Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 target price for the company. in a research note on Thursday, July 31st. Finally, Zacks Research raised Vodafone Group to a "hold" rating in a research note on Tuesday, August 12th.

Vodafone Group Trading Down 0.2%

Vodafone Group stock opened at $11.39 on Tuesday. The stock has a 50-day moving average price of $11.52 and a 200 day moving average price of $10.37. Vodafone Group has a 52 week low of $8.00 and a 52 week high of $12.06. The stock has a market cap of $27.46 billion, a PE ratio of 9.99, a P/E/G ratio of 0.55 and a beta of 0.65. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85.

Hedge Funds Weigh In On Vodafone Group

A number of large investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC acquired a new position in shares of Vodafone Group in the 2nd quarter valued at $25,000. Atwood & Palmer Inc. acquired a new position in Vodafone Group in the second quarter valued at $27,000. Hazlett Burt & Watson Inc. grew its position in Vodafone Group by 65.5% during 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 period. Wayfinding Financial LLC acquired a new stake in Vodafone Group during the first quarter worth about $31,000. Finally, NBC Securities Inc. raised its holdings in shares of Vodafone Group by 116,833.3% in the 1st quarter. NBC Securities Inc. now owns 3,508 shares of the cell phone carrier's stock worth $32,000 after purchasing an additional 3,505 shares during the period. Hedge funds and other 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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