Vodafone Group (NASDAQ:VOD) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research lowered shares of Vodafone Group (NASDAQ:VOD) from a hold rating to a strong sell rating in a research note released on Thursday,Zacks reports.

Several other equities analysts have also commented on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Vodafone Group in a research report on Tuesday, September 1st. Barclays downgraded shares of Vodafone Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 11th. Wall Street Zen upgraded Vodafone Group from a “hold” rating to a “buy” rating in a research report on Monday, September 14th. New Street Research upgraded Vodafone Group from a “neutral” rating to a “buy” rating in a research report on Friday, July 10th. Finally, The Goldman Sachs Group raised Vodafone Group from a “sell” rating to a “buy” rating in a research note on Friday, September 4th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $10.57.

Vodafone Group Stock Down 3.3%

Shares of VOD opened at $16.95 on Thursday. The business’s 50 day simple moving average is $16.17 and its 200-day simple moving average is $15.30. Vodafone Group has a 1 year low of $11.12 and a 1 year high of $17.71. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 0.84.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. boosted its holdings in Vodafone Group by 5.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 11,671 shares of the cell phone carrier’s stock valued at $154,000 after acquiring an additional 653 shares during the period. Assetmark Inc. increased its position in shares of Vodafone Group by 31.5% during the first quarter. Assetmark Inc. now owns 2,992 shares of the cell phone carrier’s stock worth $45,000 after acquiring an additional 717 shares during the period. Larson Financial Group LLC raised its stake in shares of Vodafone Group by 28.3% during the fourth quarter. Larson Financial Group LLC now owns 3,524 shares of the cell phone carrier’s stock valued at $47,000 after acquiring an additional 778 shares in the last quarter. Euro Pacific Asset Management LLC boosted its holdings in shares of Vodafone Group by 8.4% in the first quarter. Euro Pacific Asset Management LLC now owns 15,864 shares of the cell phone carrier’s stock valued at $239,000 after purchasing an additional 1,231 shares during the period. Finally, Nations Financial Group Inc. IA ADV boosted its holdings in shares of Vodafone Group by 2.6% in the first quarter. Nations Financial Group Inc. IA ADV now owns 51,769 shares of the cell phone carrier’s stock valued at $778,000 after purchasing an additional 1,301 shares during the period. Institutional investors own 7.84% of the company’s stock.

About Vodafone Group

Vodafone Group Plc is a British multinational telecommunications company that provides mobile and fixed-line connectivity, broadband, voice, messaging and related digital services. Its offerings serve individual consumers, households, businesses and public-sector organizations, with services delivered through local Vodafone operations and partner networks.

The company also provides enterprise communications and technology solutions, including cloud and hosting services, cybersecurity, the Internet of Things, unified communications and managed connectivity.