Vodafone Group PLC (NASDAQ:VOD) Given Consensus Rating of “Reduce” by Analysts

Vodafone Group PLC (NASDAQ:VOD) has been assigned a consensus rating of “Reduce” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $10.5650.

Several brokerages have recently issued reports on VOD. Bank of America cut Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 target price on the stock. in a report on Tuesday, May 26th. Weiss Ratings lowered Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 4th. New Street Research upgraded Vodafone Group from a “neutral” rating to a “buy” rating in a report on Friday, July 10th. Wall Street Zen raised Vodafone Group from a “sell” rating to a “hold” rating in a report on Sunday, May 31st. Finally, Barclays downgraded Vodafone Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, June 11th.

Institutional Trading of Vodafone Group

A number of large investors have recently made changes to their positions in VOD. Assetmark Inc. increased its stake in Vodafone Group by 156.8% during the fourth quarter. Assetmark Inc. now owns 2,275 shares of the cell phone carrier’s stock worth $30,000 after acquiring an additional 1,389 shares during the last quarter. Bayban boosted its holdings in shares of Vodafone Group by 6,696.7% in the 1st quarter. Bayban now owns 2,039 shares of the cell phone carrier’s stock worth $31,000 after purchasing an additional 2,009 shares during the period. American Capital Advisory LLC increased its position in shares of Vodafone Group by 40.8% during the 4th quarter. American Capital Advisory LLC now owns 2,400 shares of the cell phone carrier’s stock valued at $32,000 after purchasing an additional 696 shares during the last quarter. Western Wealth Management LLC purchased a new stake in Vodafone Group during the 1st quarter valued at $34,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Vodafone Group by 81.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,651 shares of the cell phone carrier’s stock valued at $35,000 after buying an additional 1,193 shares during the period. 7.84% of the stock is currently owned by institutional investors.

Vodafone Group Stock Down 1.0%

Shares of NASDAQ VOD opened at $16.01 on Friday. Vodafone Group has a 52-week low of $11.12 and a 52-week high of $16.60. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.84. The firm’s fifty day moving average is $14.99 and its two-hundred day moving average is $15.12.

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.