Macquarie Upgrades Vodafone Group (VOD) to Outperform

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Macquarie upgraded shares of Vodafone Group (NASDAQ:VOD) from a neutral rating to an outperform rating in a report issued on Wednesday morning, Marketbeat.com reports.

Other analysts have also recently issued research reports about the company. Bank of America upgraded Vodafone Group from a neutral rating to a buy rating and set a $18.50 price target for the company in a research report on Wednesday, February 6th. UBS Group upgraded Vodafone Group from a neutral rating to a buy rating in a research report on Monday, December 17th. Kepler Capital Markets upgraded Vodafone Group from a reduce rating to a buy rating in a research report on Monday, January 28th. Argus reduced their price target on Vodafone Group to $21.00 and set a buy rating for the company in a research report on Wednesday, March 13th. Finally, Zacks Investment Research upgraded Vodafone Group from a sell rating to a hold rating in a research report on Saturday, January 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Vodafone Group currently has an average rating of Buy and an average price target of $27.63.

Shares of VOD opened at $18.94 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.30 and a quick ratio of 1.27. The stock has a market capitalization of $50.98 billion, a price-to-earnings ratio of 13.93, a P/E/G ratio of 2.41 and a beta of 0.72. Vodafone Group has a 52 week low of $17.05 and a 52 week high of $30.20.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sontag Advisory LLC bought a new position in shares of Vodafone Group in the fourth quarter worth about $26,000. Lenox Wealth Management Inc. boosted its stake in shares of Vodafone Group by 168.7% in the fourth quarter. Lenox Wealth Management Inc. now owns 1,814 shares of the cell phone carrier’s stock worth $35,000 after acquiring an additional 1,139 shares during the period. We Are One Seven LLC bought a new position in shares of Vodafone Group in the fourth quarter worth about $41,000. Capital Investment Advisory Services LLC bought a new position in shares of Vodafone Group in the fourth quarter worth about $42,000. Finally, Doyle Wealth Management bought a new position in shares of Vodafone Group in the fourth quarter worth about $43,000. 8.35% of the stock is owned by hedge funds and other institutional investors.

About Vodafone Group

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

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Analyst Recommendations for Vodafone Group (NASDAQ:VOD)

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