Zacks Research Upgrades Vodafone Group (NASDAQ:VOD) to Hold

Vodafone Group (NASDAQ:VOD) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks reports.

Several other research firms also recently commented on VOD. DZ Bank reaffirmed a “neutral” rating on shares of Vodafone Group in a report on Monday, August 17th. Wall Street Zen cut shares of Vodafone Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 22nd. UBS Group restated a “sell” rating on shares of Vodafone Group in a research report on Tuesday, July 28th. JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of Vodafone Group in a report on Monday, July 27th. Finally, Weiss Ratings cut Vodafone Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 30th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $13.13.

Vodafone Group Trading Up 4.2%

NASDAQ VOD opened at $16.28 on Tuesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.11. The company’s 50 day moving average is $16.35 and its 200-day moving average is $15.40. Vodafone Group has a 12-month low of $11.21 and a 12-month high of $17.71.

Hedge Funds Weigh In On Vodafone Group

Large investors have recently modified their holdings of the company. Boit C F David bought a new stake in Vodafone Group during the 3rd quarter worth approximately $25,000. Western Wealth Management LLC purchased a new stake in Vodafone Group in the 1st quarter worth approximately $34,000. Assetmark Inc. boosted its holdings in Vodafone Group by 31.5% in the 1st quarter. Assetmark Inc. now owns 2,992 shares of the cell phone carrier’s stock valued at $45,000 after purchasing an additional 717 shares during the period. Ameritas Advisory Services LLC bought a new position in Vodafone Group in the 2nd quarter valued at $45,000. Finally, Evergreen Advisors LLC purchased a new position in shares of Vodafone Group during the 1st quarter valued at $54,000. 7.84% of the stock is currently owned by institutional investors.

Vodafone Group Company Profile

Vodafone Group Plc is a telecommunications company headquartered in Newbury, England. It provides mobile and fixed-line connectivity, broadband, voice and messaging services, digital communications, and related technology solutions to consumers, businesses, and public-sector organizations.

The company operates primarily across Europe and Africa. Its consumer businesses offer mobile plans, home broadband, television and other digital services, while Vodafone Business provides connectivity, cloud, cybersecurity, Internet of Things, unified communications, and managed technology services.