Vodafone Group’s (VOD) “Sell” Rating Reaffirmed at UBS Group

Vodafone Group (NASDAQ:VOD)‘s stock had its “sell” rating reissued by equities researchers at UBS Group in a research note issued on Monday, MarketBeat reports.

Several other brokerages also recently issued reports on VOD. The Goldman Sachs Group downgraded Vodafone Group from a “neutral” rating to a “sell” rating and set a $136.00 price target for the company. in a report on Thursday, July 31st. BNP Paribas upgraded Vodafone Group to a “strong sell” rating in a report on Tuesday, October 21st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Vodafone Group in a research report on Wednesday, October 8th. BNP Paribas Exane began coverage on Vodafone Group in a research report on Tuesday, October 21st. They set an “underperform” rating and a $8.00 price objective for the company. Finally, Zacks Research raised Vodafone Group to a “hold” rating in a research report on Tuesday, August 12th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, Vodafone Group presently has a consensus rating of “Reduce” and a consensus price target of $72.00.

Vodafone Group Price Performance

VOD opened at $12.05 on Monday. The business has a 50-day moving average of $11.63 and a 200-day moving average of $10.87. The company has a quick ratio of 1.23, a current ratio of 1.26 and a debt-to-equity ratio of 0.85. Vodafone Group has a fifty-two week low of $8.00 and a fifty-two week high of $12.36.

Institutional Trading of Vodafone Group

Several institutional investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC purchased a new position in shares of Vodafone Group during the 2nd quarter valued at $25,000. Atwood & Palmer Inc. purchased a new stake in Vodafone Group in the 2nd quarter worth $27,000. Hazlett Burt & Watson Inc. lifted its stake in Vodafone Group by 65.5% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier’s stock worth $30,000 after purchasing an additional 1,250 shares in the last quarter. Wayfinding Financial LLC purchased a new stake in Vodafone Group in the 1st quarter worth $31,000. Finally, Sound Income Strategies LLC lifted its stake in Vodafone Group by 3,455.7% in the 3rd quarter. Sound Income Strategies LLC now owns 3,449 shares of the cell phone carrier’s stock worth $39,000 after purchasing an additional 3,352 shares in the last quarter. 7.84% of the stock is currently owned by hedge funds and other institutional investors.

About Vodafone Group

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.