Vodafone Group (NASDAQ:VOD)‘s stock had its “buy” rating reiterated by analysts at Bank of America in a note issued to investors on Monday, February 5th. They currently have a $37.26 price target on the cell phone carrier’s stock. Bank of America’s target price points to a potential upside of 29.60% from the company’s current price.
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Vodafone Group from a “sell” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Friday, November 17th. BidaskClub lowered Vodafone Group from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Numis Securities raised Vodafone Group from an “add” rating to a “buy” rating in a report on Monday, February 5th. Goldman Sachs Group reissued a “buy” rating on shares of Vodafone Group in a report on Thursday, November 23rd. Finally, UBS Group reaffirmed 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, two have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $33.32.
Shares of Vodafone Group (VOD) traded up $0.28 on Monday, hitting $28.75. The stock had a trading volume of 2,871,700 shares, compared to its average volume of 4,165,687. The stock has a market cap of $75,320.00, a PE ratio of -74.74, a PEG ratio of 1.94 and a beta of 0.87. Vodafone Group has a fifty-two week low of $24.80 and a fifty-two week high of $32.75. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.46.
Several hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC grew its stake in Vodafone Group by 21.0% during the 2nd quarter. Advisory Services Network LLC now owns 4,433 shares of the cell phone carrier’s stock valued at $127,000 after purchasing an additional 768 shares in the last quarter. Truewealth LLC acquired a new stake in Vodafone Group during the 4th quarter valued at approximately $142,000. Proficio Capital Partners LLC grew its stake in Vodafone Group by 60.9% during the 4th quarter. Proficio Capital Partners LLC now owns 4,641 shares of the cell phone carrier’s stock valued at $148,000 after purchasing an additional 1,757 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new position in Vodafone Group during the 3rd quarter worth approximately $151,000. Finally, Global Trust Asset Management LLC bought a new position in Vodafone Group during the 4th quarter worth approximately $171,000. Institutional investors and hedge funds own 10.36% 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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