Vodafone Group (NASDAQ:VOD) Sees Large Volume Increase – Still a Buy?

Vodafone Group PLC (NASDAQ:VODGet Free Report) shares saw unusually-high trading volume on Thursday . Approximately 12,705,023 shares changed hands during trading, an increase of 146% from the previous session’s volume of 5,170,830 shares.The stock last traded at $14.6850 and had previously closed at $15.71.

Key Stories Impacting Vodafone Group

Here are the key news stories impacting Vodafone Group this week:

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Vodafone Group in a research report on Wednesday, January 21st. Zacks Research raised shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Wall Street Zen lowered shares of Vodafone Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. BNP Paribas Exane raised Vodafone Group to a “strong sell” rating in a report on Tuesday, October 21st. Finally, Berenberg Bank raised Vodafone Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 7th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $72.00.

View Our Latest Research Report on Vodafone Group

Vodafone Group Stock Up 3.4%

The company has a current ratio of 1.17, a quick ratio of 1.13 and a debt-to-equity ratio of 0.78. The stock has a fifty day moving average of $13.44 and a two-hundred day moving average of $12.28.

Vodafone Group Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, November 24th were given a dividend of $0.2567 per share. This represents a yield of 434.0%. The ex-dividend date of this dividend was Monday, November 24th.

Institutional Trading of Vodafone Group

A number of hedge funds have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership increased its position in shares of Vodafone Group by 22.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 27,680,971 shares of the cell phone carrier’s stock worth $295,079,000 after purchasing an additional 5,160,095 shares during the period. JPMorgan Chase & Co. grew its stake in Vodafone Group by 116.9% during the second quarter. JPMorgan Chase & Co. now owns 8,076,148 shares of the cell phone carrier’s stock worth $86,092,000 after buying an additional 4,352,389 shares in the last quarter. SALT Holding Corp. raised its position in shares of Vodafone Group by 3,039.6% in the 2nd quarter. SALT Holding Corp. now owns 3,623,500 shares of the cell phone carrier’s stock valued at $38,627,000 after buying an additional 3,508,086 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Vodafone Group by 282.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,161,978 shares of the cell phone carrier’s stock worth $33,707,000 after acquiring an additional 2,335,306 shares in the last quarter. Finally, Capitolis Liquid Global Markets LLC acquired a new position in Vodafone Group during the third quarter valued at approximately $23,495,000. 7.84% of the stock is owned by institutional investors and hedge funds.

Vodafone Group Company Profile

(Get Free Report)

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.

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