Vodafone Group (NASDAQ:VOD) Raised to “Buy” at Wall Street Zen

Vodafone Group (NASDAQ:VOD) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Other analysts have also recently issued research reports about the company. Weiss Ratings cut Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 4th. Zacks Research cut Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. New Street Research raised shares of Vodafone Group from a “neutral” rating to a “buy” rating in a research report on Friday, July 10th. DZ Bank cut shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Finally, Barclays downgraded shares of Vodafone Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 11th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $10.57.

Vodafone Group Price Performance

NASDAQ VOD opened at $16.04 on Friday. The business’s fifty day moving average price is $15.14 and its 200-day moving average price is $15.15. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.11. Vodafone Group has a 1-year low of $11.12 and a 1-year high of $16.60.

Hedge Funds Weigh In On Vodafone Group

Several large investors have recently added to or reduced their stakes in VOD. Bayban increased its stake in shares of Vodafone Group by 6,696.7% in the first quarter. Bayban now owns 2,039 shares of the cell phone carrier’s stock worth $31,000 after purchasing an additional 2,009 shares in the last quarter. Western Wealth Management LLC purchased a new position in shares of Vodafone Group during the 1st quarter valued at $34,000. Caitong International Asset Management Co. Ltd boosted its holdings in Vodafone Group by 81.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,651 shares of the cell phone carrier’s stock worth $35,000 after buying an additional 1,193 shares during the period. CIBC Private Wealth Group LLC increased its stake in Vodafone Group by 38.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,435 shares of the cell phone carrier’s stock worth $40,000 after buying an additional 946 shares in the last quarter. Finally, Manchester Capital Management LLC raised its holdings in Vodafone Group by 207.6% during the fourth quarter. Manchester Capital Management LLC now owns 3,282 shares of the cell phone carrier’s stock valued at $43,000 after acquiring an additional 2,215 shares during the period. Hedge funds and other institutional investors own 7.84% of the company’s stock.

About Vodafone Group

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.