Vodafone Group PLC (NASDAQ:VOD) Receives $136.00 Consensus Target Price from Analysts

Vodafone Group PLC (NASDAQ:VOD) has earned an average recommendation of “Reduce” from the ten ratings firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $72.00.

A number of analysts have issued reports on the company. BNP Paribas raised Vodafone Group to a “strong sell” rating in a research note on Tuesday. Weiss Ratings reissued a “sell (d+)” rating on shares of Vodafone Group in a research note on Friday. The Goldman Sachs Group lowered Vodafone Group from a “neutral” rating to a “sell” rating and set a $136.00 price target on the stock. in a research note on Thursday, July 31st. BNP Paribas Exane began coverage on Vodafone Group in a research note on Tuesday. They issued an “underperform” rating and a $8.00 price objective on the stock. Finally, Morgan Stanley began coverage on Vodafone Group in a research note on Wednesday, July 2nd. They issued an “equal weight” rating on the stock.

Institutional Investors Weigh In On Vodafone Group

Several hedge funds have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership raised its holdings in shares of Vodafone Group by 22.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 27,680,971 shares of the cell phone carrier’s stock valued at $295,079,000 after buying an additional 5,160,095 shares during the period. ACR Alpine Capital Research LLC increased its holdings in Vodafone Group by 0.7% during the 2nd quarter. ACR Alpine Capital Research LLC now owns 25,866,761 shares of the cell phone carrier’s stock worth $275,740,000 after purchasing an additional 169,833 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Vodafone Group by 116.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,076,148 shares of the cell phone carrier’s stock worth $86,092,000 after purchasing an additional 4,352,389 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Vodafone Group by 18.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 5,998,450 shares of the cell phone carrier’s stock worth $56,205,000 after purchasing an additional 944,189 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Vodafone Group by 1.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 5,499,770 shares of the cell phone carrier’s stock worth $51,533,000 after purchasing an additional 69,986 shares during the last quarter. 7.84% of the stock is currently owned by hedge funds and other institutional investors.

Vodafone Group Trading Up 0.6%

Vodafone Group stock opened at $11.73 on Friday. The stock has a market cap of $28.14 billion, a PE ratio of 10.29, a P/E/G ratio of 0.26 and a beta of 0.62. The stock has a 50-day moving average price of $11.62 and a 200 day moving average price of $10.71. Vodafone Group has a 52 week low of $8.00 and a 52 week high of $12.06. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85.

About Vodafone Group

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.