Credit Suisse Group Cuts Vodafone Group Public (NASDAQ:VOD) Price Target to GBX 140

Vodafone Group Public (NASDAQ:VODGet Rating) had its price target cut by Credit Suisse Group from GBX 150 ($1.85) to GBX 140 ($1.73) in a report released on Wednesday, The Fly reports.

A number of other research analysts have also recently commented on VOD. Argus cut Vodafone Group Public from a buy rating to a hold rating in a research note on Thursday, January 20th. Barclays cut their target price on Vodafone Group Public from GBX 165 ($2.03) to GBX 155 ($1.91) and set an overweight rating on the stock in a research note on Friday, April 1st. Jefferies Financial Group cut Vodafone Group Public from a buy rating to a hold rating in a research note on Thursday, May 12th. Berenberg Bank lowered Vodafone Group Public from a buy rating to a hold rating in a report on Tuesday, April 5th. Finally, Citigroup started coverage on Vodafone Group Public in a report on Wednesday. They issued a buy rating for the company. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Buy and a consensus price target of $116.11.

Shares of NASDAQ VOD opened at $15.33 on Wednesday. The business’s 50 day moving average is $16.28 and its two-hundred day moving average is $16.27. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.85 and a quick ratio of 0.89. Vodafone Group Public has a 1-year low of $14.42 and a 1-year high of $19.05.

The company also recently announced a Semi-Annual dividend, which will be paid on Friday, August 5th. Investors of record on Monday, June 6th will be given a $0.455 dividend. This represents a dividend yield of 9.6%. The ex-dividend date of this dividend is Friday, June 3rd.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kings Point Capital Management acquired a new stake in Vodafone Group Public during the 3rd quarter worth about $25,000. Tcwp LLC acquired a new stake in Vodafone Group Public during the 1st quarter worth about $26,000. Elmwood Wealth Management Inc. acquired a new stake in Vodafone Group Public during the 4th quarter worth about $27,000. Clearstead Advisors LLC acquired a new stake in Vodafone Group Public during the 4th quarter worth about $27,000. Finally, Addison Advisors LLC acquired a new stake in shares of Vodafone Group Public during the 4th quarter valued at about $31,000. 9.07% of the stock is currently owned by hedge funds and other institutional investors.

About Vodafone Group Public (Get Rating)

Vodafone Group Public Limited Company engages in telecommunication services in Europe and internationally. The company offers mobile services that enable customers to call, text, and access data; fixed line services, including broadband, television (TV) offerings, and voice; and convergence services under the GigaKombi and Vodafone One names to customers.

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