Vodafone Group (NASDAQ:VOD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday, January 21st.
According to Zacks, “Vodafone AirTouch Plc is the world’s largest international mobile communications firm. Their primary operation is in digital and analog cellular telephone networks of Vodafone. “
Several other equities analysts also recently weighed in on the company. Barclays upgraded Vodafone Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, December 8th. UBS Group reiterated a “buy” rating on shares of Vodafone Group in a research report on Friday, October 27th. Goldman Sachs Group reiterated a “buy” rating on shares of Vodafone Group in a research report on Thursday, November 23rd. Raymond James Financial upgraded Vodafone Group from a “market perform” rating to a “strong-buy” rating in a research report on Wednesday, January 17th. Finally, BidaskClub downgraded Vodafone Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $33.32.
Shares of Vodafone Group (NASDAQ:VOD) traded up $0.15 on Friday, reaching $28.47. The company’s stock had a trading volume of 3,748,803 shares, compared to its average volume of 4,340,000. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.95 and a current ratio of 0.96. Vodafone Group has a one year low of $24.68 and a one year high of $32.75. The firm has a market capitalization of $74,420.00, a price-to-earnings ratio of -74.92, a P/E/G ratio of 1.94 and a beta of 0.87.
Hedge funds and other institutional investors have recently modified their holdings of the company. ACR Alpine Capital Research LLC acquired a new position in Vodafone Group during the 4th quarter worth $122,059,000. Two Sigma Investments LP boosted its position in shares of Vodafone Group by 256.5% during the 4th quarter. Two Sigma Investments LP now owns 2,330,252 shares of the cell phone carrier’s stock worth $74,335,000 after acquiring an additional 1,676,535 shares in the last quarter. Miller Howard Investments Inc. NY boosted its position in shares of Vodafone Group by 58.2% during the 4th quarter. Miller Howard Investments Inc. NY now owns 3,900,428 shares of the cell phone carrier’s stock worth $124,424,000 after acquiring an additional 1,434,846 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Vodafone Group by 4.6% during the 4th quarter. Fisher Asset Management LLC now owns 25,957,027 shares of the cell phone carrier’s stock worth $828,029,000 after acquiring an additional 1,132,546 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Vodafone Group by 47.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,013,916 shares of the cell phone carrier’s stock worth $86,590,000 after acquiring an additional 975,277 shares in the last quarter. 10.36% of the stock is owned by institutional investors and hedge funds.
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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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