ValuEngine upgraded shares of Vodafone (NASDAQ:VOD) from a hold rating to a buy rating in a research note published on Thursday, March 15th.
A number of other research firms also recently weighed in on VOD. Barclays upgraded shares of Vodafone from an equal weight rating to an overweight rating in a research report on Friday, December 8th. Raymond James Financial upgraded shares of Vodafone from a market perform rating to a strong-buy rating in a research report on Wednesday, January 17th. Numis Securities upgraded shares of Vodafone from an add rating to a buy rating in a report on Monday, February 5th. Zacks Investment Research upgraded shares of Vodafone from a sell rating to a buy rating and set a $34.00 price target for the company in a report on Friday, November 17th. Finally, Goldman Sachs reissued a buy rating on shares of Vodafone in a research note on Thursday, November 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and an average target price of $31.76.
Vodafone stock traded up $0.04 during midday trading on Thursday, reaching $28.82. 3,569,069 shares of the company’s stock were exchanged, compared to its average volume of 2,873,506. Vodafone has a 52 week low of $25.54 and a 52 week high of $32.75. The stock has a market capitalization of $76,768.73, a P/E ratio of 32.38, a PEG ratio of 1.98 and a beta of 0.83. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.95 and a current ratio of 0.96.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. increased its stake in Vodafone by 9.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 110,094 shares of the cell phone carrier’s stock valued at $3,512,000 after buying an additional 9,410 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Vodafone by 2.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,075,788 shares of the cell phone carrier’s stock valued at $34,318,000 after acquiring an additional 29,313 shares during the period. Delek Group Ltd. bought a new position in shares of Vodafone during the 4th quarter valued at approximately $4,245,000. Sawtooth Solutions LLC grew its position in shares of Vodafone by 447.1% during the 4th quarter. Sawtooth Solutions LLC now owns 44,164 shares of the cell phone carrier’s stock valued at $1,409,000 after acquiring an additional 36,092 shares during the period. Finally, WealthPLAN Partners LLC bought a new position in shares of Vodafone during the 4th quarter valued at approximately $206,000. Institutional investors own 10.92% of the company’s stock.
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Vodafone Company Profile
Vodafone Group Plc operates as a telecommunications company worldwide. The company offers voice, messaging, and data services across mobile and fixed networks; broadband and TV services; cloud and hosting for storing data and applications in the cloud, as well as Internet protocol-virtual private network services; roaming services; and converged communication services to small businesses and large multinational companies.
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