Vodafone Group Public (NASDAQ:VOD) Sees Strong Trading Volume - Time to Buy?

Vodafone Group Public Limited (NASDAQ:VOD - Get Free Report) shares saw strong trading volume on Monday . 8,739,059 shares were traded during trading, an increase of 21% from the previous session's volume of 7,220,970 shares.The stock last traded at $9.54 and had previously closed at $9.35.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Vodafone Group Public in a research report on Wednesday, April 23rd. DZ Bank upgraded shares of Vodafone Group Public from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Bank of America lowered shares of Vodafone Group Public from a "buy" rating to a "neutral" rating in a research report on Monday, March 24th. Finally, StockNews.com lowered shares of Vodafone Group Public from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Vodafone Group Public presently has a consensus rating of "Hold".

Vodafone Group Public Trading Down 0.7 %

The company has a market cap of $22.95 billion, a price-to-earnings ratio of 8.50, a price-to-earnings-growth ratio of 0.66 and a beta of 0.58. The business's fifty day moving average price is $9.15 and its 200 day moving average price is $8.90. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.34.

Hedge Funds Weigh In On Vodafone Group Public

A number of hedge funds have recently modified their holdings of VOD. Allworth Financial LP raised its stake in Vodafone Group Public by 4.9% during the first quarter. Allworth Financial LP now owns 28,435 shares of the cell phone carrier's stock worth $265,000 after buying an additional 1,332 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in Vodafone Group Public by 11.2% during the first quarter. Valeo Financial Advisors LLC now owns 13,531 shares of the cell phone carrier's stock worth $127,000 after buying an additional 1,364 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Vodafone Group Public by 11.2% during the fourth quarter. Quadrant Capital Group LLC now owns 14,409 shares of the cell phone carrier's stock worth $123,000 after buying an additional 1,454 shares during the last quarter. Cahill Financial Advisors Inc. increased its stake in Vodafone Group Public by 8.6% in the fourth quarter. Cahill Financial Advisors Inc. now owns 20,395 shares of the cell phone carrier's stock valued at $173,000 after purchasing an additional 1,611 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in Vodafone Group Public by 17.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 10,819 shares of the cell phone carrier's stock valued at $92,000 after purchasing an additional 1,631 shares in the last quarter. Institutional investors and hedge funds own 7.84% of the company's stock.

Vodafone Group Public 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.