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

Key Points

• Consensus "Reduce": Ten brokerages give Vodafone a consensus rating of Reduce (five sell, three hold, two buy), with an average 1‑year target price of $72.00.
• Shares trade around $14.60 with a 50‑day/200‑day moving average of $14.66/$12.96 and a 1‑year range of $8.05–$15.91, while institutional investors own about 7.84% and several funds modestly increased their stakes recently.

Shares of Vodafone Group PLC (NASDAQ:VOD - Get Free Report) have earned a consensus rating of "Reduce" from the ten brokerages that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $72.00.

Several equities analysts recently commented on the stock. Weiss Ratings reissued a "sell (d+)" rating on shares of Vodafone Group in a research note on Wednesday, January 21st. Berenberg Bank upgraded shares of Vodafone Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 7th. Barclays upgraded Vodafone Group from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 8th. Finally, Zacks Research upgraded Vodafone Group from a "strong sell" rating to a "hold" rating in a research report on Monday, January 12th.

Vodafone Group Price Performance

VOD opened at $14.60 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 1.17. The company's 50 day moving average is $14.66 and its 200-day moving average is $12.96. Vodafone Group has a 1-year low of $8.05 and a 1-year high of $15.91.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VOD. Assetmark Inc. boosted its position in Vodafone Group by 156.8% during the 4th quarter. Assetmark Inc. now owns 2,275 shares of the cell phone carrier's stock worth $30,000 after buying an additional 1,389 shares during the period. American Capital Advisory LLC increased its position in Vodafone Group by 40.8% in the 4th quarter. American Capital Advisory LLC now owns 2,400 shares of the cell phone carrier's stock valued at $32,000 after acquiring an additional 696 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in shares of Vodafone Group by 81.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,651 shares of the cell phone carrier's stock valued at $35,000 after acquiring an additional 1,193 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Vodafone Group by 3,455.7% during the third quarter. Sound Income Strategies LLC now owns 3,449 shares of the cell phone carrier's stock worth $39,000 after purchasing an additional 3,352 shares during the period. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Vodafone Group by 38.0% in the third quarter. CIBC Private Wealth Group LLC now owns 3,435 shares of the cell phone carrier's stock worth $40,000 after purchasing an additional 946 shares during the last quarter. Institutional investors and hedge funds own 7.84% of the company's stock.

Vodafone Group Company Profile

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.

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