Vodafone Group Public (NASDAQ:VOD) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Vodafone Group Public (NASDAQ:VODGet Rating) from a sell rating to a hold rating in a research report sent to investors on Thursday morning, Zacks.com reports.

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 subject of several other reports. Argus lowered Vodafone Group Public from a buy rating to a hold rating in a report on Thursday, January 20th. Barclays lowered their target price on shares of Vodafone Group Public from GBX 155 ($1.91) to GBX 150 ($1.85) in a research note on Wednesday, May 18th. Berenberg Bank cut shares of Vodafone Group Public from a buy rating to a hold rating in a report on Tuesday, April 5th. Jefferies Financial Group cut Vodafone Group Public from a buy rating to a hold rating in a research report on Thursday, May 12th. Finally, StockNews.com started coverage on Vodafone Group Public in a research report on Thursday, March 31st. They issued a hold rating on the stock. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Vodafone Group Public has a consensus rating of Buy and an average price target of $116.11.

Shares of NASDAQ:VOD opened at $15.33 on Thursday. Vodafone Group Public has a 1 year low of $14.42 and a 1 year high of $19.05. The firm has a fifty day moving average price of $16.28 and a 200 day moving average price of $16.27. The company has a current ratio of 0.85, a quick ratio of 0.89 and a debt-to-equity ratio of 1.02.

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

Several hedge funds have recently made changes to their positions in the company. Miller Howard Investments Inc. NY increased its stake in shares of Vodafone Group Public by 32.0% in the 4th quarter. Miller Howard Investments Inc. NY now owns 455,196 shares of the cell phone carrier’s stock valued at $6,796,000 after buying an additional 110,303 shares during the period. NTB Financial Corp bought a new position in Vodafone Group Public in the fourth quarter valued at about $309,000. Gateway Investment Advisers LLC bought a new stake in Vodafone Group Public during the 4th quarter worth about $180,000. Geneos Wealth Management Inc. lifted its position in Vodafone Group Public by 18.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 11,606 shares of the cell phone carrier’s stock valued at $173,000 after purchasing an additional 1,769 shares during the period. Finally, D.A. Davidson & CO. boosted its stake in shares of Vodafone Group Public by 12.9% in the 4th quarter. D.A. Davidson & CO. now owns 339,855 shares of the cell phone carrier’s stock valued at $5,075,000 after purchasing an additional 38,908 shares during the last quarter. Institutional investors own 9.07% of the company’s stock.

Vodafone Group Public Company Profile (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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