Vodafone Group PLC (NASDAQ:VOD) Given Consensus Recommendation of “Reduce” by Brokerages

Vodafone Group PLC (NASDAQ:VOD) has been given an average rating of “Reduce” by the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $72.00.

Several brokerages have issued reports on VOD. Berenberg Bank raised shares of Vodafone Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 7th. UBS Group upgraded shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Zacks Research upgraded shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Vodafone Group in a report on Wednesday, January 21st.

Vodafone Group Price Performance

Shares of NASDAQ:VOD opened at $15.59 on Friday. The company’s fifty day moving average is $15.10 and its two-hundred day moving average is $13.47. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.17 and a quick ratio of 1.13. Vodafone Group has a 12-month low of $8.98 and a 12-month high of $15.94.

Hedge Funds Weigh In On Vodafone Group

Several institutional investors and hedge funds have recently modified their holdings of VOD. Dupree Financial Group LLC acquired a new position in Vodafone Group during the 3rd quarter worth $3,097,000. Y Intercept Hong Kong Ltd lifted its position in Vodafone Group by 274.6% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 193,827 shares of the cell phone carrier’s stock worth $2,248,000 after acquiring an additional 142,086 shares during the last quarter. Ritholtz Wealth Management lifted its position in Vodafone Group by 17.3% during the 3rd quarter. Ritholtz Wealth Management now owns 643,452 shares of the cell phone carrier’s stock worth $7,464,000 after acquiring an additional 95,088 shares during the last quarter. Caprock Group LLC acquired a new position in Vodafone Group during the 3rd quarter worth $1,408,000. Finally, Aquatic Capital Management LLC acquired a new position in Vodafone Group during the 3rd quarter worth $7,492,000. 7.84% of the stock is currently owned by hedge funds and other institutional investors.

Vodafone Group Company Profile

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.