Vodafone Group (NASDAQ:VOD) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Tuesday, January 9th.
Several other analysts have also issued reports on the stock. Barclays upgraded shares of Vodafone Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, December 8th. Goldman Sachs Group reiterated a “buy” rating on shares of Vodafone Group in a research note on Thursday, November 23rd. Zacks Investment Research raised shares of Vodafone Group from a “sell” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Friday, November 17th. Finally, UBS Group reissued a “buy” rating on shares of Vodafone Group in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Vodafone Group currently has an average rating of “Buy” and an average price target of $32.14.
Vodafone Group (NASDAQ:VOD) traded up $0.24 during trading hours on Tuesday, hitting $31.05. 7,887,123 shares of the stock traded hands, compared to its average volume of 2,940,000. The company has a market cap of $81,780.00, a price-to-earnings ratio of -79.62, a P/E/G ratio of 2.24 and a beta of 0.87. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.46. Vodafone Group has a 12 month low of $24.31 and a 12 month high of $32.75.
A number of hedge funds and other institutional investors have recently modified their holdings of VOD. Opus Capital Group LLC purchased a new stake in shares of Vodafone Group during the fourth quarter valued at approximately $375,000. Checchi Capital Advisers LLC boosted its stake in shares of Vodafone Group by 19.7% during the fourth quarter. Checchi Capital Advisers LLC now owns 15,164 shares of the cell phone carrier’s stock valued at $484,000 after purchasing an additional 2,497 shares during the period. Trust Co. of Vermont boosted its stake in shares of Vodafone Group by 4.5% during the fourth quarter. Trust Co. of Vermont now owns 67,579 shares of the cell phone carrier’s stock valued at $2,155,000 after purchasing an additional 2,881 shares during the period. SeaCrest Wealth Management LLC purchased a new stake in shares of Vodafone Group during the fourth quarter valued at approximately $1,004,000. Finally, Global Trust Asset Management LLC purchased a new stake in shares of Vodafone Group during the fourth quarter valued at approximately $171,000. Institutional investors and hedge funds own 10.25% of the company’s stock.
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Vodafone Group Company Profile
Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.
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