Vodafone Group PLC (NASDAQ:VOD) Lifted to “Strong-Buy” at BidaskClub
BidaskClub upgraded shares of Vodafone Group PLC (NASDAQ:VOD) from a buy rating to a strong-buy rating in a report published on Friday morning.
Other research analysts have also issued research reports about the company. Barclays PLC lowered Vodafone Group PLC from an overweight rating to an equal weight rating in a report on Friday, May 19th. J P Morgan Chase & Co reiterated a buy rating on shares of Vodafone Group PLC in a report on Monday, July 31st. Numis Securities Ltd started coverage on Vodafone Group PLC in a report on Friday, July 14th. They set an add rating on the stock. Sanford C. Bernstein reiterated an outperform rating on shares of Vodafone Group PLC in a report on Friday, June 16th. Finally, Standpoint Research lowered Vodafone Group PLC from an accumulate rating to a reduce rating and set a $30.00 price target on the stock. in a report on Thursday, June 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $31.33.
Vodafone Group PLC (VOD) traded up 0.44% on Friday, hitting $29.94. The company’s stock had a trading volume of 736,327 shares. The firm’s market cap is $79.71 billion. Vodafone Group PLC has a 12 month low of $24.17 and a 12 month high of $31.69.
The company also recently announced a semiannual dividend, which was paid on Friday, August 4th. Shareholders of record on Friday, June 9th were given a $1.1234 dividend. This is an increase from Vodafone Group PLC’s previous semiannual dividend of $0.56. This represents a yield of 7.74%. The ex-dividend date was Wednesday, June 7th.
Hedge funds have recently added to or reduced their stakes in the company. Fisher Asset Management LLC purchased a new stake in Vodafone Group PLC during the first quarter worth about $328,285,000. BlackRock Inc. increased its stake in Vodafone Group PLC by 8,534.1% in the first quarter. BlackRock Inc. now owns 4,340,342 shares of the cell phone carrier’s stock worth $114,716,000 after buying an additional 4,290,072 shares in the last quarter. FMR LLC increased its stake in Vodafone Group PLC by 65.9% in the first quarter. FMR LLC now owns 5,789,369 shares of the cell phone carrier’s stock worth $153,013,000 after buying an additional 2,299,529 shares in the last quarter. Bank of America Corp DE increased its stake in Vodafone Group PLC by 21.9% in the first quarter. Bank of America Corp DE now owns 11,370,690 shares of the cell phone carrier’s stock worth $300,528,000 after buying an additional 2,044,315 shares in the last quarter. Finally, Epoch Investment Partners Inc. increased its stake in Vodafone Group PLC by 506.5% in the first quarter. Epoch Investment Partners Inc. now owns 2,288,402 shares of the cell phone carrier’s stock worth $60,482,000 after buying an additional 1,911,096 shares in the last quarter. 10.88% of the stock is owned by institutional investors and hedge funds.
About Vodafone Group PLC
Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.
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