Vodafone Group (NASDAQ:VOD) was upgraded by investment analysts at Citigroup from a “neutral” rating to a “buy” rating in a report released on Thursday, MarketBeat Ratings reports.

A number of other equities research analysts have also commented on VOD. BidaskClub lowered shares of Vodafone Group from a “hold” rating to a “sell” rating in a report on Monday, May 14th. Bank of America reiterated a “buy” rating on shares of Vodafone Group in a research note on Wednesday, May 16th. Zacks Investment Research upgraded shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 19th. Argus lowered their price target on shares of Vodafone Group from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, June 13th. Finally, ValuEngine lowered shares of Vodafone Group from a “hold” rating to a “sell” rating in a research note on Monday, June 18th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Vodafone Group has an average rating of “Buy” and an average price target of $33.36.

Shares of NASDAQ:VOD opened at $21.45 on Thursday. Vodafone Group has a 12 month low of $21.13 and a 12 month high of $32.75. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48. The firm has a market cap of $57.32 billion, a P/E ratio of 15.77, a P/E/G ratio of 1.71 and a beta of 0.83.

Hedge funds have recently modified their holdings of the business. Atria Investments LLC grew its position in shares of Vodafone Group by 14.5% in the 1st quarter. Atria Investments LLC now owns 19,160 shares of the cell phone carrier’s stock valued at $533,000 after acquiring an additional 2,432 shares during the period. D.A. Davidson & CO. grew its position in shares of Vodafone Group by 2.6% in the 1st quarter. D.A. Davidson & CO. now owns 76,180 shares of the cell phone carrier’s stock valued at $2,119,000 after acquiring an additional 1,937 shares during the period. Quantitative Systematic Strategies LLC bought a new position in shares of Vodafone Group in the 1st quarter valued at about $820,000. Becker Capital Management Inc. grew its position in shares of Vodafone Group by 4.1% in the 1st quarter. Becker Capital Management Inc. now owns 1,722,880 shares of the cell phone carrier’s stock valued at $47,931,000 after acquiring an additional 68,324 shares during the period. Finally, Centaurus Financial Inc. bought a new position in shares of Vodafone Group in the 1st quarter valued at about $150,000. Hedge funds and other institutional investors own 10.06% of the company’s stock.

Vodafone Group Company Profile

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.

Featured Article: What does earnings per share mean?

Analyst Recommendations for Vodafone Group (NASDAQ:VOD)

Receive News & Ratings for Vodafone Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vodafone Group and related companies with MarketBeat.com's FREE daily email newsletter.