Vodafone Group (NASDAQ:VOD) Shares Gap Up – What’s Next?

Vodafone Group PLC (NASDAQ:VOD) shares gapped up before the market opened on Tuesday . The stock had previously closed at $11.70, but opened at $12.40. Vodafone Group shares last traded at $12.4250, with a volume of 2,672,402 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. BNP Paribas raised Vodafone Group to a “strong sell” rating in a research report on Tuesday, October 21st. Weiss Ratings reissued a “sell (d+)” rating on shares of Vodafone Group in a research note on Wednesday, October 8th. BNP Paribas Exane started coverage on Vodafone Group in a report on Tuesday, October 21st. They issued an “underperform” rating and a $8.00 target price on the stock. UBS Group reiterated a “sell” rating on shares of Vodafone Group in a research note on Monday, November 3rd. Finally, The Goldman Sachs Group downgraded shares of Vodafone Group from a “neutral” rating to a “sell” rating and set a $136.00 price target on the stock. in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, Vodafone Group has an average rating of “Reduce” and an average price target of $72.00.

Vodafone Group Stock Up 8.0%

The company has a debt-to-equity ratio of 0.85, a current ratio of 1.26 and a quick ratio of 1.23. The business has a 50-day simple moving average of $11.57 and a two-hundred day simple moving average of $10.96.

Hedge Funds Weigh In On Vodafone Group

Institutional investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Vodafone Group in the 1st quarter valued at $1,117,000. Tevis Investment Management grew its holdings in shares of Vodafone Group by 23.0% in the 2nd quarter. Tevis Investment Management now owns 180,148 shares of the cell phone carrier’s stock worth $1,966,000 after purchasing an additional 33,701 shares during the last quarter. Modern Wealth Management LLC acquired a new stake in shares of Vodafone Group during the 1st quarter worth about $285,000. Walleye Capital LLC boosted its position in Vodafone Group by 516.1% in the first quarter. Walleye Capital LLC now owns 182,003 shares of the cell phone carrier’s stock valued at $1,705,000 after buying an additional 152,462 shares in the last quarter. Finally, Summit Securities Group LLC grew its stake in Vodafone Group by 4,239.6% during the first quarter. Summit Securities Group LLC now owns 47,736 shares of the cell phone carrier’s stock worth $447,000 after buying an additional 46,636 shares during the last quarter. 7.84% of the stock is currently owned by institutional investors.

Vodafone Group Company Profile

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.