Vodafone Group (NASDAQ:VOD) was upgraded by analysts at Exane BNP Paribas from a “neutral” rating to an “outperform” rating in a report released on Wednesday, The Fly reports.

Several other research firms also recently issued reports on VOD. Morgan Stanley assumed coverage on shares of Vodafone Group in a report on Wednesday, August 7th. They set an “overweight” rating for the company. Bank of America reissued a “buy” rating on shares of Vodafone Group in a report on Thursday, August 1st. BNP Paribas upgraded Vodafone Group from a “neutral” rating to an “outperform” rating in a research report on Wednesday. BidaskClub raised Vodafone Group from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Finally, HSBC raised shares of Vodafone Group from a “hold” rating to a “buy” rating and set a $15.99 price target on the stock in a report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $19.12.

Shares of VOD traded up $0.30 during midday trading on Wednesday, reaching $19.72. The stock had a trading volume of 3,372,658 shares, compared to its average volume of 4,406,389. Vodafone Group has a 1-year low of $15.53 and a 1-year high of $22.87. The company’s fifty day simple moving average is $18.37 and its two-hundred day simple moving average is $17.59. The company has a market cap of $51.90 billion, a price-to-earnings ratio of 32.87, a PEG ratio of 1.22 and a beta of 0.80. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.55 and a quick ratio of 1.52.

A number of institutional investors have recently added to or reduced their stakes in VOD. Renaissance Technologies LLC raised its position in shares of Vodafone Group by 13.2% in the 2nd quarter. Renaissance Technologies LLC now owns 23,640,311 shares of the cell phone carrier’s stock worth $386,046,000 after acquiring an additional 2,765,455 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Vodafone Group by 196.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,312,614 shares of the cell phone carrier’s stock worth $135,163,000 after purchasing an additional 5,504,606 shares during the last quarter. ACR Alpine Capital Research LLC increased its stake in shares of Vodafone Group by 2.4% during the 2nd quarter. ACR Alpine Capital Research LLC now owns 8,253,096 shares of the cell phone carrier’s stock worth $134,773,000 after purchasing an additional 191,845 shares during the last quarter. Verition Fund Management LLC raised its holdings in shares of Vodafone Group by 20.2% in the 2nd quarter. Verition Fund Management LLC now owns 6,464,665 shares of the cell phone carrier’s stock worth $105,568,000 after purchasing an additional 1,088,357 shares during the period. Finally, Altrinsic Global Advisors LLC raised its holdings in shares of Vodafone Group by 8.2% in the 1st quarter. Altrinsic Global Advisors LLC now owns 6,298,764 shares of the cell phone carrier’s stock worth $114,511,000 after purchasing an additional 477,670 shares during the period. Hedge funds and other institutional investors own 7.96% of the company’s stock.

About Vodafone Group

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

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Analyst Recommendations for Vodafone Group (NASDAQ:VOD)

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