Zacks Investment Research upgraded shares of Vodafone Group PLC (NASDAQ:VOD) from a sell rating to a buy rating in a research report report published on Friday morning. They currently have $34.00 target price on the cell phone carrier’s stock.

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 research firms have also weighed in on VOD. BidaskClub upgraded Vodafone Group PLC from a buy rating to a strong-buy rating in a report on Friday, August 4th. Bank of America Corporation upgraded Vodafone Group PLC from a neutral rating to a buy rating and set a $32.56 price target for the company in a report on Wednesday, August 9th. J P Morgan Chase & Co reiterated a buy rating on shares of Vodafone Group PLC in a report on Monday, July 31st. Finally, UBS AG reiterated a buy rating on shares of Vodafone Group PLC in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $32.14.

Vodafone Group PLC (NASDAQ:VOD) traded up $0.32 on Friday, reaching $30.96. The company had a trading volume of 6,850,140 shares, compared to its average volume of 3,929,325. Vodafone Group PLC has a 12-month low of $24.17 and a 12-month high of $31.03. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.99.

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The company also recently disclosed a semiannual dividend, which will be paid on Friday, February 2nd. Stockholders of record on Friday, November 24th will be given a dividend of $0.5642 per share. This represents a dividend yield of 3.68%. The ex-dividend date is Wednesday, November 22nd. Vodafone Group PLC’s dividend payout ratio is presently -443.24%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantitative Systematic Strategies LLC bought a new stake in shares of Vodafone Group PLC during the third quarter valued at approximately $1,316,000. Arrowstreet Capital Limited Partnership increased its position in shares of Vodafone Group PLC by 47.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,013,916 shares of the cell phone carrier’s stock valued at $86,590,000 after purchasing an additional 975,277 shares during the period. Marble Harbor Investment Counsel LLC increased its position in shares of Vodafone Group PLC by 3.4% during the second quarter. Marble Harbor Investment Counsel LLC now owns 263,159 shares of the cell phone carrier’s stock valued at $7,561,000 after purchasing an additional 8,768 shares during the period. Cetera Investment Advisers bought a new stake in shares of Vodafone Group PLC during the second quarter valued at approximately $1,456,000. Finally, Columbia Asset Management increased its position in shares of Vodafone Group PLC by 47.5% during the second quarter. Columbia Asset Management now owns 24,662 shares of the cell phone carrier’s stock valued at $708,000 after purchasing an additional 7,942 shares during the period. Institutional investors and hedge funds own 10.00% of the company’s stock.

About Vodafone Group PLC

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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