Vodafone Group PLC (VOD) Cut to Sell at Zacks Investment Research

Vodafone Group PLC (NASDAQ:VOD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

According to Zacks, “Vodafone AirTouch Plc is the world’s largest international mobile communications firm. Their primary operation is in digital and analog cellular telephone networks of Vodafone. “

VOD has been the topic of a number of other reports. BidaskClub downgraded Vodafone Group PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. UBS AG restated a “buy” rating on shares of Vodafone Group PLC in a research note on Friday, October 27th. Bank of America Corporation upgraded Vodafone Group PLC from a “neutral” rating to a “buy” rating and set a $32.56 price target on the stock in a research note on Wednesday, August 9th. Finally, J P Morgan Chase & Co restated a “buy” rating on shares of Vodafone Group PLC in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Vodafone Group PLC has a consensus rating of “Hold” and a consensus price target of $31.52.

Vodafone Group PLC (VOD) traded down $0.50 during mid-day trading on Tuesday, hitting $28.85. The stock had a trading volume of 9,212,500 shares, compared to its average volume of 3,852,209. Vodafone Group PLC has a 52-week low of $24.17 and a 52-week high of $30.39. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47.

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A number of large investors have recently bought and sold shares of the business. Fisher Asset Management LLC raised its holdings in Vodafone Group PLC by 4.7% during the third quarter. Fisher Asset Management LLC now owns 24,824,481 shares of the cell phone carrier’s stock valued at $706,505,000 after acquiring an additional 1,121,862 shares during the period. Federated Investors Inc. PA raised its holdings in Vodafone Group PLC by 5.4% during the second quarter. Federated Investors Inc. PA now owns 9,620,051 shares of the cell phone carrier’s stock valued at $276,384,000 after acquiring an additional 492,968 shares during the period. Dimensional Fund Advisors LP raised its holdings in Vodafone Group PLC by 5.3% during the third quarter. Dimensional Fund Advisors LP now owns 7,630,584 shares of the cell phone carrier’s stock valued at $217,166,000 after acquiring an additional 386,931 shares during the period. Renaissance Technologies LLC raised its holdings in Vodafone Group PLC by 9.0% during the second quarter. Renaissance Technologies LLC now owns 5,641,400 shares of the cell phone carrier’s stock valued at $162,077,000 after acquiring an additional 467,200 shares during the period. Finally, BlackRock Inc. raised its holdings in Vodafone Group PLC by 8,534.1% during the first quarter. BlackRock Inc. now owns 4,340,342 shares of the cell phone carrier’s stock valued at $114,716,000 after acquiring an additional 4,290,072 shares during the period. 10.00% of the stock is currently owned by institutional investors and hedge funds.

Vodafone Group PLC Company Profile

Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.

Analyst Recommendations for Vodafone Group PLC (NASDAQ:VOD)

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