Vodafone Group PLC (NASDAQ:VOD) Stock Has Consensus Target Price of $10.57 According to Analysts

Vodafone Group PLC (NASDAQ:VOD) has been assigned an average recommendation of “Reduce” from the ten ratings firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $10.57.

Several equities analysts recently commented on VOD shares. New Street Research raised shares of Vodafone Group from a “neutral” rating to a “buy” rating in a research note on Friday, July 10th. Zacks Research downgraded shares of Vodafone Group from a “hold” rating to a “strong sell” rating in a report on Thursday, September 17th. Barclays lowered shares of Vodafone Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, June 11th. Wall Street Zen cut shares of Vodafone Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 22nd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Vodafone Group in a research note on Tuesday, September 1st.

Institutional Trading of Vodafone Group

Large investors have recently modified their holdings of the business. Bayban raised its stake in Vodafone Group by 6,696.7% in the first quarter. Bayban now owns 2,039 shares of the cell phone carrier’s stock valued at $31,000 after purchasing an additional 2,009 shares in the last quarter. Western Wealth Management LLC purchased a new position in Vodafone Group in the 1st quarter worth approximately $34,000. Assetmark Inc. grew its stake in Vodafone Group by 31.5% in the 1st quarter. Assetmark Inc. now owns 2,992 shares of the cell phone carrier’s stock worth $45,000 after buying an additional 717 shares in the last quarter. Manchester Capital Management LLC increased its holdings in shares of Vodafone Group by 207.6% in the 4th quarter. Manchester Capital Management LLC now owns 3,282 shares of the cell phone carrier’s stock worth $43,000 after buying an additional 2,215 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Vodafone Group during the 2nd quarter valued at $45,000. Institutional investors own 7.84% of the company’s stock.

Vodafone Group Stock Down 0.2%

Shares of Vodafone Group stock opened at $16.79 on Friday. The company’s 50-day moving average price is $16.42 and its 200-day moving average price is $15.46. 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 12-month low of $11.12 and a 12-month high of $17.71.

About Vodafone Group

Vodafone Group Plc is a telecommunications company headquartered in the United Kingdom. It provides mobile voice and data services, fixed-line broadband, digital television and related communications services to consumers and businesses.

The company also serves enterprise customers through Vodafone Business, offering connectivity, cloud and hosting services, cybersecurity, unified communications, and Internet of Things solutions. Vodafone’s operations and partnerships span several European markets and countries in Africa, with services delivered through mobile and fixed networks.

Vodafone traces its origins to the mobile telecommunications business of Racal Electronics and became an independent company in 1991.