Vodafone Group Public (NASDAQ:VOD) Shares Gap Up to $15.33

Shares of Vodafone Group Public Limited (NASDAQ:VODGet Rating) gapped up prior to trading on Monday . The stock had previously closed at $15.33, but opened at $16.01. Vodafone Group Public shares last traded at $15.99, with a volume of 152,329 shares.

VOD has been the subject of several research analyst reports. Barclays cut their price objective on Vodafone Group Public from GBX 155 ($1.91) to GBX 150 ($1.85) in a report on Wednesday, May 18th. StockNews.com initiated coverage on Vodafone Group Public in a report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research raised Vodafone Group Public from a “sell” rating to a “hold” rating in a report on Thursday. UBS Group cut their price objective on Vodafone Group Public from GBX 147 ($1.81) to GBX 146 ($1.80) in a report on Wednesday, May 18th. Finally, Citigroup initiated coverage on Vodafone Group Public in a report on Wednesday, May 18th. They issued a “buy” rating for the company. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $116.11.

The company has a debt-to-equity ratio of 1.02, a current ratio of 0.85 and a quick ratio of 0.89. The business has a 50 day moving average price of $16.28 and a two-hundred day moving average price of $16.27.

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Friday, August 5th. Stockholders of record on Monday, June 6th will be paid a $0.455 dividend. This represents a dividend yield of 9.6%. The ex-dividend date of this dividend is Friday, June 3rd.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VOD. Kenfarb & CO. purchased a new stake in shares of Vodafone Group Public in the fourth quarter worth about $224,000. Tcwp LLC purchased a new stake in shares of Vodafone Group Public in the first quarter worth about $26,000. Kings Point Capital Management purchased a new stake in shares of Vodafone Group Public in the third quarter worth about $25,000. Elmwood Wealth Management Inc. purchased a new stake in shares of Vodafone Group Public in the fourth quarter worth about $27,000. Finally, Clearstead Advisors LLC purchased a new stake in shares of Vodafone Group Public in the fourth quarter worth about $27,000. 9.07% of the stock is owned by hedge funds and other institutional investors.

Vodafone Group Public Company Profile (NASDAQ:VOD)

Vodafone Group Public Limited Company engages in telecommunication services in Europe and internationally. The company offers mobile services that enable customers to call, text, and access data; fixed line services, including broadband, television (TV) offerings, and voice; and convergence services under the GigaKombi and Vodafone One names to customers.

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