Vodafone Group (NASDAQ:VOD) Reaches New 12-Month High – Should You Buy?

Vodafone Group PLC (NASDAQ:VOD)’s share price reached a new 52-week high on Saturday . The stock traded as high as $16.22 and last traded at $16.15, with a volume of 14702606 shares trading hands. The stock had previously closed at $15.80.

Analysts Set New Price Targets

VOD has been the subject of several analyst reports. Berenberg Bank raised Vodafone Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 7th. Weiss Ratings raised Vodafone Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, April 17th. UBS Group raised Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Finally, Zacks Research raised Vodafone Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $72.00.

Vodafone Group Stock Up 2.2%

The company has a fifty day moving average price of $15.12 and a 200-day moving average price of $13.78. The company has a quick ratio of 1.13, a current ratio of 1.17 and a debt-to-equity ratio of 0.78.

Hedge Funds Weigh In On Vodafone Group

Large investors have recently bought and sold shares of the business. Dupree Financial Group LLC acquired a new position in Vodafone Group in the 3rd quarter worth about $3,097,000. Y Intercept Hong Kong Ltd raised its holdings in Vodafone Group by 274.6% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 193,827 shares of the cell phone carrier’s stock worth $2,248,000 after purchasing an additional 142,086 shares during the period. Ritholtz Wealth Management raised its holdings in Vodafone Group by 17.3% in the 3rd quarter. Ritholtz Wealth Management now owns 643,452 shares of the cell phone carrier’s stock worth $7,464,000 after purchasing an additional 95,088 shares during the period. Caprock Group LLC acquired a new position in Vodafone Group in the 3rd quarter worth about $1,408,000. Finally, Aquatic Capital Management LLC acquired a new position in Vodafone Group in the 3rd quarter worth about $7,492,000. Institutional investors and hedge funds own 7.84% of the company’s stock.

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.