Vodafone Group (NASDAQ:VOD) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Vodafone Group (NASDAQ:VOD) from a buy rating to a hold rating in a research note issued to investors on Saturday.

Several other brokerages have also issued reports on VOD. UBS Group reissued a “sell” rating on shares of Vodafone Group in a research note on Monday, November 3rd. The Goldman Sachs Group lowered shares of Vodafone Group from a “neutral” rating to a “sell” rating and set a $136.00 price objective for the company. in a research note on Thursday, July 31st. BNP Paribas raised shares of Vodafone Group to a “strong sell” rating in a research note on Tuesday, October 21st. Weiss Ratings restated a “sell (d+)” rating on shares of Vodafone Group in a report on Wednesday, October 8th. Finally, BNP Paribas Exane assumed coverage on shares of Vodafone Group in a report on Tuesday, October 21st. They set an “underperform” rating and a $8.00 price objective on the stock. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, Vodafone Group currently has a consensus rating of “Reduce” and an average price target of $72.00.

Vodafone Group Stock Down 0.7%

VOD stock opened at $12.32 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.26 and a quick ratio of 1.23. The stock has a 50-day moving average price of $11.63 and a 200-day moving average price of $11.03. Vodafone Group has a 1-year low of $8.00 and a 1-year high of $12.72.

Vodafone Group Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, November 24th will be given a $0.2567 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a yield of 415.0%.

Institutional Trading of Vodafone Group

Several institutional investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its holdings in shares of Vodafone Group by 22.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 27,680,971 shares of the cell phone carrier’s stock valued at $295,079,000 after acquiring an additional 5,160,095 shares in the last quarter. ACR Alpine Capital Research LLC increased its position in shares of Vodafone Group by 0.9% during the 3rd quarter. ACR Alpine Capital Research LLC now owns 26,095,086 shares of the cell phone carrier’s stock valued at $302,703,000 after purchasing an additional 228,325 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of 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 period. Envestnet Asset Management Inc. boosted its holdings in shares of Vodafone Group by 1.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,518,066 shares of the cell phone carrier’s stock worth $64,010,000 after buying an additional 76,534 shares during the last quarter. Finally, ABC Arbitrage SA increased its holdings in Vodafone Group by 22.7% during the third quarter. ABC Arbitrage SA now owns 3,646,412 shares of the cell phone carrier’s stock worth $42,298,000 after buying an additional 673,508 shares during the last quarter. Institutional investors own 7.84% of the company’s stock.

Vodafone Group Company Profile

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.