Vodafone Group Public (NASDAQ:VOD) Sets New 12-Month High - Time to Buy?

Vodafone Group Public Limited (NASDAQ:VOD - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The company traded as high as $10.41 and last traded at $10.39, with a volume of 29673755 shares changing hands. The stock had previously closed at $9.64.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Bank of America cut shares of Vodafone Group Public from a "buy" rating to a "neutral" rating in a research report on Monday, March 24th. DZ Bank raised shares of Vodafone Group Public from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. restated an "underweight" rating on shares of Vodafone Group Public in a research report on Wednesday, April 23rd. Finally, StockNews.com upgraded Vodafone Group Public from a "hold" rating to a "buy" rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

Vodafone Group Public Price Performance

The stock has a market cap of $25.94 billion, a P/E ratio of 9.11, a PEG ratio of 0.66 and a beta of 0.61. The company has a 50 day simple moving average of $9.28 and a 200 day simple moving average of $8.89. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.78.

Institutional Trading of Vodafone Group Public

Large investors have recently added to or reduced their stakes in the company. Barclays PLC raised its position in shares of Vodafone Group Public by 57,500.0% in the fourth quarter. Barclays PLC now owns 29,952 shares of the cell phone carrier's stock valued at $254,000 after purchasing an additional 29,900 shares during the period. Lester Murray Antman dba SimplyRich acquired a new position in Vodafone Group Public in the 4th quarter valued at about $295,000. Atria Investments Inc raised its holdings in Vodafone Group Public by 8.7% in the 4th quarter. Atria Investments Inc now owns 842,286 shares of the cell phone carrier's stock valued at $7,151,000 after acquiring an additional 67,086 shares during the period. Allworth Financial LP lifted its position in Vodafone Group Public by 9.0% during the fourth quarter. Allworth Financial LP now owns 27,103 shares of the cell phone carrier's stock worth $227,000 after acquiring an additional 2,246 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in shares of Vodafone Group Public by 16.1% during the fourth quarter. Park Avenue Securities LLC now owns 31,173 shares of the cell phone carrier's stock worth $265,000 after acquiring an additional 4,332 shares during the period. 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.

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