Vodafone Group PLC (NASDAQ:VOD) Receives Average Rating of “Reduce” from Analysts

Shares of Vodafone Group PLC (NASDAQ:VOD) have earned a consensus rating of “Reduce” from the ten research firms that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $52.3767.

VOD has been the topic of several research analyst reports. Bank of America cut shares of Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 price target on the stock. in a research report on Tuesday, May 26th. DZ Bank cut shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Barclays downgraded shares of Vodafone Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 11th. Weiss Ratings downgraded shares of Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 4th. Finally, Zacks Research downgraded shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th.

Hedge Funds Weigh In On Vodafone Group

A number of large investors have recently bought and sold shares of the business. Aquatic Capital Management LLC bought a new position in shares of Vodafone Group during the third quarter worth about $7,492,000. Centiva Capital LP bought a new position in shares of Vodafone Group during the third quarter worth about $1,232,000. AlphaCore Capital LLC grew its position in shares of Vodafone Group by 366.9% during the third quarter. AlphaCore Capital LLC now owns 86,099 shares of the cell phone carrier’s stock worth $999,000 after acquiring an additional 67,658 shares during the last quarter. Robertson Stephens Wealth Management LLC bought a new position in shares of Vodafone Group during the fourth quarter worth about $922,000. Finally, Gateway Investment Advisers LLC increased its stake in shares of Vodafone Group by 68.0% in the fourth quarter. Gateway Investment Advisers LLC now owns 352,038 shares of the cell phone carrier’s stock valued at $4,650,000 after purchasing an additional 142,440 shares during the period. Institutional investors own 7.84% of the company’s stock.

Vodafone Group Price Performance

Vodafone Group stock opened at $13.69 on Thursday. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.84. Vodafone Group has a 52 week low of $10.52 and a 52 week high of $16.60. The stock has a 50 day moving average of $15.05 and a 200-day moving average of $14.64.

Vodafone Group Announces Dividend

The firm also recently announced a dividend, which will be paid on Thursday, July 30th. Shareholders of record on Friday, June 5th will be issued a $0.2766 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a yield of 376.0%.

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.