Vodafone Group PLC (NASDAQ:VOD) Receives $72.00 Average PT from Analysts

Shares of Vodafone Group PLC (NASDAQ:VOD) have received a consensus recommendation of “Strong Sell” from the eleven ratings firms that are covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $72.00.

VOD has been the topic of a number of research analyst reports. Zacks Research cut shares of Vodafone Group from a “hold” rating to a “strong sell” rating in a research report on Friday, November 14th. The Goldman Sachs Group cut Vodafone Group from a “neutral” rating to a “sell” rating and set a $136.00 target price for the company. in a research note on Thursday, July 31st. Weiss Ratings reissued a “sell (d+)” rating on shares of Vodafone Group in a research note on Wednesday, October 8th. BNP Paribas Exane assumed coverage on shares of Vodafone Group in a research report on Tuesday, October 21st. They set an “underperform” rating and a $8.00 price objective for the company. Finally, Wall Street Zen downgraded shares of Vodafone Group from a “buy” rating to a “hold” rating in a research report on Saturday.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in VOD. Advisory Services Network LLC boosted its holdings in Vodafone Group by 171.9% in the third quarter. Advisory Services Network LLC now owns 45,722 shares of the cell phone carrier’s stock worth $530,000 after acquiring an additional 28,907 shares in the last quarter. Scientech Research LLC bought a new position in shares of Vodafone Group in the 3rd quarter worth $254,000. SALT Holding Corp. grew its position in Vodafone Group by 5.5% in the 3rd quarter. SALT Holding Corp. now owns 3,821,000 shares of the cell phone carrier’s stock valued at $44,324,000 after purchasing an additional 197,500 shares during the period. SIH Partners LLLP bought a new stake in Vodafone Group during the 3rd quarter valued at $11,112,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Vodafone Group by 7.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 39,870 shares of the cell phone carrier’s stock worth $462,000 after buying an additional 2,692 shares during the last quarter. 7.84% of the stock is owned by institutional investors and hedge funds.

Vodafone Group Price Performance

VOD opened at $12.25 on Wednesday. Vodafone Group has a twelve month low of $8.00 and a twelve month high of $12.72. The company has a fifty day moving average of $11.64 and a 200-day moving average of $11.07. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85.

Vodafone Group Dividend Announcement

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

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.