Vodafone Group (NASDAQ:VOD) Shares Break Below 200 Day Moving Average – Should You Sell?

Vodafone Group PLC (NASDAQ:VOD)’s share price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $15.46 and traded as low as $15.23. Vodafone Group shares last traded at $15.37, with a volume of 4,203,993 shares changing hands.

Wall Street Analyst Weigh In

VOD has been the subject of several research analyst reports. The Goldman Sachs Group upgraded Vodafone Group from a “sell” rating to a “buy” rating in a research report on Friday, September 4th. Zacks Research raised shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 3rd. UBS Group reiterated a “sell” rating on shares of Vodafone Group in a report on Tuesday, July 28th. Barclays cut Vodafone Group from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, October 20th. Finally, DZ Bank reaffirmed a “neutral” rating on shares of Vodafone Group in a research report on Monday, August 17th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Vodafone Group currently has an average rating of “Hold” and an average price target of $13.13.

Vodafone Group Price Performance

The company has a quick ratio of 1.11, a current ratio of 1.04 and a debt-to-equity ratio of 1.07. The company’s 50 day simple moving average is $16.28 and its two-hundred day simple moving average is $15.46.

Vodafone Group Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, February 3rd. Investors of record on Friday, November 20th will be given a dividend of $0.2588 per share. This represents a yield of 334.0%. The ex-dividend date of this dividend is Friday, November 20th.

Institutional Investors Weigh In On Vodafone Group

Several institutional investors have recently added to or reduced their stakes in VOD. Boit C F David acquired a new stake in shares of Vodafone Group during the third quarter worth $25,000. Western Wealth Management LLC purchased a new stake in shares of Vodafone Group during the first quarter valued at $34,000. Assetmark Inc. boosted its position in Vodafone Group by 31.5% in the first quarter. Assetmark Inc. now owns 2,992 shares of the cell phone carrier’s stock valued at $45,000 after buying an additional 717 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in Vodafone Group in the 2nd quarter worth approximately $45,000. Finally, Evergreen Advisors LLC purchased a new position in Vodafone Group during the 1st quarter worth approximately $54,000. Institutional investors and hedge funds own 7.84% of the company’s stock.

About Vodafone Group

Vodafone Group is a telecommunications company headquartered in the United Kingdom. It provides mobile and fixed-line connectivity, broadband, voice and data services to consumers, businesses and public-sector organizations. The company also offers business technology services, including Internet of Things connectivity and digital solutions. Its operations and services span Europe and Africa, with Vodacom serving as a major part of its African business, and it works with partner networks to serve customers in other markets.