Weiss Ratings Reiterates Sell (D+) Rating for Vodafone Group (NASDAQ:VOD)

Key Points

• Weiss Ratings has reiterated a "Sell (D+)" rating on Vodafone Group, reflecting a negative outlook on the stock's performance.
• Multiple analysts have varying ratings on Vodafone Group, with one "Buy," four "Hold," and five "Sell" ratings, indicating mixed sentiments about the company's future.
• Vodafone Group's stock was trading at $11.73 and has a market cap of $28.14 billion, showing a slight increase of 0.6% during trading hours.

Vodafone Group (NASDAQ:VOD - Get Free Report)'s stock had its "sell (d+)" rating reiterated by equities researchers at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Other equities analysts have also recently issued reports about the stock. Morgan Stanley assumed coverage on shares of Vodafone Group in a report on Wednesday, July 2nd. They set an "equal weight" rating on the stock. Berenberg Bank upgraded shares of Vodafone Group to a "hold" rating in a report on Thursday, June 26th. BNP Paribas Exane assumed coverage on shares of Vodafone Group in a report on Tuesday. They set an "underperform" rating and a $8.00 price target on the stock. Zacks Research upgraded shares of Vodafone Group to a "hold" rating in a report on Tuesday, August 12th. Finally, The Goldman Sachs Group lowered shares of Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 price objective on the stock. in a research report on Thursday, July 31st. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $72.00.

Vodafone Group Stock Up 0.6%

NASDAQ:VOD traded up $0.07 during trading hours on Friday, hitting $11.73. 3,444,730 shares of the stock traded hands, compared to its average volume of 10,169,187. The firm has a 50 day moving average price of $11.61 and a 200 day moving average price of $10.69. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85. Vodafone Group has a fifty-two week low of $8.00 and a fifty-two week high of $12.06. The firm has a market cap of $28.14 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 0.27 and a beta of 0.62.

Institutional Investors Weigh In On Vodafone Group

A number of large investors have recently bought and sold shares of the business. Fourpath Capital Management LLC boosted its holdings in Vodafone Group by 4.6% in the second quarter. Fourpath Capital Management LLC now owns 21,225 shares of the cell phone carrier's stock worth $226,000 after purchasing an additional 940 shares in the last quarter. Signaturefd LLC boosted its holdings in Vodafone Group by 1.6% in the second quarter. Signaturefd LLC now owns 77,232 shares of the cell phone carrier's stock worth $823,000 after purchasing an additional 1,210 shares in the last quarter. First Trust Advisors LP boosted its holdings in Vodafone Group by 3.9% in the second quarter. First Trust Advisors LP now owns 32,248 shares of the cell phone carrier's stock worth $344,000 after purchasing an additional 1,215 shares in the last quarter. Brown Advisory Inc. boosted its holdings in Vodafone Group by 3.9% during the second quarter. Brown Advisory Inc. now owns 32,523 shares of the cell phone carrier's stock valued at $347,000 after acquiring an additional 1,223 shares during the period. Finally, Hazlett Burt & Watson Inc. boosted its holdings in Vodafone Group by 65.5% during the first quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier's stock valued at $30,000 after acquiring an additional 1,250 shares during the period. 7.84% of the stock is currently owned by institutional investors.

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.

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