Vodafone Group PLC (NASDAQ:VOD) was upgraded by equities researchers at Bank of America Corporation from a “neutral” rating to a “buy” rating in a report released on Wednesday, Marketbeat Ratings reports. The firm presently has a $32.56 target price on the cell phone carrier’s stock. Bank of America Corporation’s price objective points to a potential upside of 11.20% from the company’s current price.

A number of other brokerages also recently issued reports on VOD. Standpoint Research downgraded Vodafone Group PLC from an “accumulate” rating to a “reduce” rating and set a $30.00 price target for the company. in a report on Thursday, June 1st. Argus raised Vodafone Group PLC from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Monday, June 12th. Numis Securities Ltd started coverage on Vodafone Group PLC in a report on Friday, July 14th. They issued an “add” rating for the company. J P Morgan Chase & Co reissued a “buy” rating on shares of Vodafone Group PLC in a report on Monday, July 31st. Finally, Barclays PLC downgraded Vodafone Group PLC from an “overweight” rating to an “equal weight” rating in a report on Friday, May 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the company’s stock. Vodafone Group PLC has a consensus rating of “Buy” and a consensus target price of $31.64.

Vodafone Group PLC (VOD) traded down 0.61% during midday trading on Wednesday, reaching $29.10. 733,025 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $29.17 and its 200 day moving average is $27.30. Vodafone Group PLC has a 52 week low of $24.17 and a 52 week high of $31.69. The firm’s market capitalization is $77.47 billion.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. increased its position in Vodafone Group PLC by 68.6% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,862 shares of the cell phone carrier’s stock valued at $102,000 after buying an additional 1,571 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in Vodafone Group PLC by 239.5% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,217 shares of the cell phone carrier’s stock valued at $111,000 after buying an additional 2,975 shares in the last quarter. Winslow Evans & Crocker Inc. increased its position in Vodafone Group PLC by 4.2% in the first quarter. Winslow Evans & Crocker Inc. now owns 4,956 shares of the cell phone carrier’s stock valued at $131,000 after buying an additional 200 shares in the last quarter. Washington Trust Bank increased its position in Vodafone Group PLC by 26.2% in the first quarter. Washington Trust Bank now owns 5,011 shares of the cell phone carrier’s stock valued at $132,000 after buying an additional 1,040 shares in the last quarter. Finally, Pacific Center for Financial Services increased its position in Vodafone Group PLC by 9.9% in the first quarter. Pacific Center for Financial Services now owns 5,018 shares of the cell phone carrier’s stock valued at $133,000 after buying an additional 452 shares in the last quarter. 10.88% of the stock is owned by hedge funds and other institutional investors.

Vodafone Group PLC 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.

Analyst Recommendations for Vodafone Group PLC (NASDAQ:VOD)

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