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

Shares of Vodafone Group PLC (NASDAQ:VOD) 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.