Vodafone Group (NASDAQ:VOD) Sets New 1-Year High – Here’s Why

Vodafone Group PLC (NASDAQ:VOD)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $14.95 and last traded at $14.91, with a volume of 7234085 shares traded. The stock had previously closed at $14.65.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Berenberg Bank raised shares of Vodafone Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Vodafone Group in a research note on Wednesday, January 21st. Zacks Research raised shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Wall Street Zen lowered Vodafone Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, BNP Paribas Exane upgraded Vodafone Group to a “strong sell” rating in a research note on Tuesday, October 21st. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $72.00.

Vodafone Group Trading Up 1.8%

The company has a current ratio of 1.17, a quick ratio of 1.13 and a debt-to-equity ratio of 0.78. The company’s 50 day moving average is $13.22 and its 200-day moving average is $12.18.

Vodafone Group Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, November 24th will be issued a $0.2567 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a yield of 434.0%.

Hedge Funds Weigh In On Vodafone Group

Institutional investors have recently made changes to their positions in the business. Tevis Investment Management raised its stake in Vodafone Group by 23.0% during the second quarter. Tevis Investment Management now owns 180,148 shares of the cell phone carrier’s stock worth $1,966,000 after acquiring an additional 33,701 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Vodafone Group by 22.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 27,680,971 shares of the cell phone carrier’s stock valued at $295,079,000 after purchasing an additional 5,160,095 shares during the last quarter. Dupree Financial Group LLC bought a new stake in shares of Vodafone Group in the 3rd quarter worth approximately $3,097,000. Icon Advisers Inc. Co. boosted its position in Vodafone Group by 17.8% during the 2nd quarter. Icon Advisers Inc. Co. now owns 519,731 shares of the cell phone carrier’s stock valued at $5,540,000 after purchasing an additional 78,474 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its stake in Vodafone Group by 274.6% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 193,827 shares of the cell phone carrier’s stock worth $2,248,000 after buying an additional 142,086 shares during the last quarter. 7.84% of the stock is owned by institutional investors and hedge funds.

Vodafone Group Company Profile

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.