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

Key Points

• Vodafone Group has a consensus “Reduce” rating from nine analysts: three sell, four hold and two buy recommendations. The average 12-month price target is $10.5650.
• Recent analyst sentiment has been mixed, with New Street Research upgrading the stock to “buy,” while Bank of America, DZ Bank, Weiss Ratings and Barclays issued downgrades.
• Shares rose 0.8% to $16.22, near the company’s 52-week high of $16.60; institutional investors currently own 7.84% of Vodafone’s stock.

Shares of Vodafone Group PLC (NASDAQ:VOD - Get Free Report) have earned a consensus recommendation of "Reduce" from the nine brokerages that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $10.5650.

VOD has been the topic of a number of recent research reports. New Street Research raised Vodafone Group from a "neutral" rating to a "buy" rating in a research report on Friday, July 10th. Bank of America cut Vodafone Group from a "neutral" rating to an "underperform" rating and set a $13.13 price objective on the stock. in a research note on Tuesday, May 26th. DZ Bank downgraded shares of Vodafone Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 13th. Weiss Ratings lowered shares of Vodafone Group from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, June 4th. Finally, Barclays lowered shares of Vodafone Group from an "overweight" rating to an "equal weight" rating in a research report on Thursday, June 11th.

Vodafone Group Stock Up 0.8%

NASDAQ VOD opened at $16.22 on Friday. The business's fifty day moving average is $14.86 and its 200-day moving average is $15.06. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.84. Vodafone Group has a one year low of $11.12 and a one year high of $16.60.

Hedge Funds Weigh In On Vodafone Group

A number of large investors have recently modified their holdings of VOD. Bayban grew its position in shares of Vodafone Group by 6,696.7% during the 1st quarter. Bayban now owns 2,039 shares of the cell phone carrier's stock valued at $31,000 after purchasing an additional 2,009 shares in the last quarter. Assetmark Inc. raised its position in shares of Vodafone Group by 156.8% in the fourth 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 in the last quarter. Western Wealth Management LLC bought a new stake in Vodafone Group during the first quarter valued at $34,000. American Capital Advisory LLC grew its position in Vodafone Group by 40.8% during the fourth quarter. American Capital Advisory LLC now owns 2,400 shares of the cell phone carrier's stock worth $32,000 after buying an additional 696 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in Vodafone Group by 81.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,651 shares of the cell phone carrier's stock worth $35,000 after acquiring an additional 1,193 shares during the last quarter. 7.84% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source