Zacks Investment Research Upgrades Vodafone Group PLC (VOD) to Buy
Vodafone Group PLC (NASDAQ:VOD) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a note issued to investors on Friday. The firm currently has a $34.00 target price on the cell phone carrier’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 9.82% from the company’s current price.
According to Zacks, “Vodafone AirTouch Plc is the world’s largest international mobile communications firm. Their primary operation is in digital and analog cellular telephone networks of Vodafone. “
A number of other equities analysts also recently commented on VOD. BidaskClub raised shares of Vodafone Group PLC from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. J P Morgan Chase & Co reissued a “buy” rating on shares of Vodafone Group PLC in a research note on Monday, July 31st. UBS AG reissued a “buy” rating on shares of Vodafone Group PLC in a research note on Monday, October 2nd. Finally, Bank of America Corporation raised shares of Vodafone Group PLC from a “neutral” rating to a “buy” rating and set a $32.56 target price on the stock in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Vodafone Group PLC currently has a consensus rating of “Buy” and an average price target of $32.14.
Shares of Vodafone Group PLC (VOD) traded up $0.32 on Friday, hitting $30.96. 6,850,140 shares of the company’s stock were exchanged, compared to its average volume of 4,250,308. Vodafone Group PLC has a 52 week low of $24.17 and a 52 week high of $31.03. The company has a current ratio of 0.96, a quick ratio of 0.99 and a debt-to-equity ratio of 0.46.
A number of institutional investors have recently bought and sold shares of VOD. Geode Capital Management LLC boosted its stake in Vodafone Group PLC by 8.9% during the 1st quarter. Geode Capital Management LLC now owns 286,835 shares of the cell phone carrier’s stock valued at $7,581,000 after purchasing an additional 23,448 shares during the period. BlackRock Inc. boosted its stake in Vodafone Group PLC by 8,534.1% during the 1st quarter. BlackRock Inc. now owns 4,340,342 shares of the cell phone carrier’s stock valued at $114,716,000 after purchasing an additional 4,290,072 shares during the period. Fox Run Management L.L.C. acquired a new position in Vodafone Group PLC during the 2nd quarter valued at about $282,000. Bank of Montreal Can raised its position in shares of Vodafone Group PLC by 26.8% during the 2nd quarter. Bank of Montreal Can now owns 428,247 shares of the cell phone carrier’s stock worth $12,304,000 after buying an additional 90,439 shares in the last quarter. Finally, Diversified Trust Co raised its position in shares of Vodafone Group PLC by 0.4% during the 2nd quarter. Diversified Trust Co now owns 8,525 shares of the cell phone carrier’s stock worth $245,000 after buying an additional 38 shares in the last quarter. 10.00% of the stock is owned by hedge funds and other institutional investors.
Vodafone Group PLC Company Profile
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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