Vodafone Group PLC (NASDAQ:VOD) Receives Average Recommendation of “Hold” from Brokerages

Shares of Vodafone Group PLC (NASDAQ:VODGet Free Report) have received an average rating of “Hold” from the eight research firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $72.00.

A number of equities research analysts have weighed in on VOD shares. Weiss Ratings lowered Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Zacks Research upgraded Vodafone Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Finally, UBS Group upgraded Vodafone Group from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd.

Get Our Latest Stock Analysis on VOD

Institutional Trading of Vodafone Group

Several hedge funds have recently made changes to their positions in VOD. Assetmark Inc. boosted its position in Vodafone Group by 156.8% during the 4th quarter. Assetmark Inc. now owns 2,275 shares of the cell phone carrier’s stock worth $30,000 after acquiring an additional 1,389 shares during the period. Bayban boosted its position in Vodafone Group by 6,696.7% during the 1st quarter. Bayban now owns 2,039 shares of the cell phone carrier’s stock worth $31,000 after acquiring an additional 2,009 shares during the period. American Capital Advisory LLC boosted its position in Vodafone Group by 40.8% during the 4th quarter. American Capital Advisory LLC now owns 2,400 shares of the cell phone carrier’s stock worth $32,000 after acquiring an additional 696 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in Vodafone Group by 81.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,651 shares of the cell phone carrier’s stock worth $35,000 after acquiring an additional 1,193 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its position in Vodafone Group by 38.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,435 shares of the cell phone carrier’s stock worth $40,000 after acquiring an additional 946 shares during the period. Institutional investors own 7.84% of the company’s stock.

Vodafone Group News Summary

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

Vodafone Group Stock Down 7.5%

Shares of NASDAQ:VOD opened at $15.10 on Wednesday. Vodafone Group has a one year low of $8.98 and a one year high of $16.60. The business’s 50-day simple moving average is $15.15 and its 200 day simple moving average is $13.99. The company has a current ratio of 1.17, a quick ratio of 1.13 and a debt-to-equity ratio of 0.78.

Vodafone Group (NASDAQ:VODGet Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The cell phone carrier reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.61). The business had revenue of $11.91 billion during the quarter, compared to analysts’ expectations of $12.35 billion. As a group, equities research analysts forecast that Vodafone Group will post 0.94 earnings per share for the current year.

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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Analyst Recommendations for Vodafone Group (NASDAQ:VOD)

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