Vodafone Group PLC (NASDAQ:VOD) Receives Average Rating of "Reduce" from Analysts

Shares of Vodafone Group PLC (NASDAQ:VOD - Get Free Report) have been given a consensus rating of "Reduce" by the eight analysts that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $136.00.

Several equities analysts have recently weighed in on the company. Morgan Stanley assumed coverage on Vodafone Group in a research note on Wednesday, July 2nd. They issued an "equal weight" rating on the stock. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Vodafone Group in a research note on Wednesday, October 8th. Berenberg Bank raised Vodafone Group to a "hold" rating in a research report on Thursday, June 26th. Zacks Research raised Vodafone Group to a "hold" rating in a research report on Tuesday, August 12th. Finally, The Goldman Sachs Group lowered Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 price target on the stock. in a research report on Thursday, July 31st.

Hedge Funds Weigh In On Vodafone Group

Several hedge funds and other institutional investors have recently bought and sold shares of VOD. GAMMA Investing LLC lifted its position in Vodafone Group by 648.5% during the 1st quarter. GAMMA Investing LLC now owns 41,518 shares of the cell phone carrier's stock worth $389,000 after acquiring an additional 35,971 shares in the last quarter. Flagship Harbor Advisors LLC raised its position in shares of Vodafone Group by 4.9% in the 1st quarter. Flagship Harbor Advisors LLC now owns 63,810 shares of the cell phone carrier's stock valued at $598,000 after purchasing an additional 2,959 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Vodafone Group by 18.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 5,998,450 shares of the cell phone carrier's stock valued at $56,205,000 after purchasing an additional 944,189 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Vodafone Group by 272.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 2,253,059 shares of the cell phone carrier's stock valued at $21,111,000 after purchasing an additional 1,648,879 shares in the last quarter. Finally, Lazari Capital Management Inc. raised its position in shares of Vodafone Group by 36.7% in the 1st quarter. Lazari Capital Management Inc. now owns 29,143 shares of the cell phone carrier's stock valued at $273,000 after purchasing an additional 7,819 shares in the last quarter. 7.84% of the stock is owned by institutional investors and hedge funds.

Vodafone Group Stock Performance

NASDAQ VOD opened at $11.67 on Friday. The firm has a market capitalization of $27.99 billion, a P/E ratio of 10.24, a P/E/G ratio of 0.55 and a beta of 0.62. Vodafone Group has a 1-year low of $8.00 and a 1-year high of $12.06. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.26 and a quick ratio of 1.23. The business's 50-day simple moving average is $11.61 and its 200-day simple moving average is $10.61.

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.