Vodafone Group (NASDAQ:VOD) Earns Underweight Rating from Barclays

Vodafone Group (NASDAQ:VOD)‘s stock had its “underweight” rating restated by Barclays in a research note issued on Tuesday, MarketBeat.com reports.

A number of other equities research analysts have also recently commented on the company. Wall Street Zen cut Vodafone Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 22nd. The Goldman Sachs Group upgraded Vodafone Group from a “sell” rating to a “buy” rating in a research note on Friday, September 4th. Zacks Research downgraded shares of Vodafone Group from a “hold” rating to a “strong sell” rating in a report on Thursday, September 17th. Weiss Ratings raised shares of Vodafone Group from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Finally, New Street Research raised shares of Vodafone Group from a “neutral” rating to a “buy” rating in a research report on Friday, July 10th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $10.57.

Vodafone Group Stock Performance

Shares of VOD traded up $0.03 during midday trading on Tuesday, hitting $15.89. 2,521,863 shares of the company’s stock traded hands, compared to its average volume of 4,132,812. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.11 and a current ratio of 1.14. Vodafone Group has a 1 year low of $11.12 and a 1 year high of $17.71. The firm’s fifty day moving average is $16.43 and its 200-day moving average is $15.55.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VOD. Bayban lifted its holdings 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 buying an additional 2,009 shares in the last quarter. Western Wealth Management LLC acquired a new position in shares of Vodafone Group in the first quarter worth $34,000. Assetmark Inc. grew its stake in shares of Vodafone Group by 31.5% in the first quarter. Assetmark Inc. now owns 2,992 shares of the cell phone carrier’s stock worth $45,000 after acquiring an additional 717 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Vodafone Group during the second quarter worth $45,000. Finally, Evergreen Advisors LLC purchased a new stake in shares of Vodafone Group during the first quarter worth $54,000. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Vodafone Group Company Profile

Vodafone Group Plc is a telecommunications company headquartered in Newbury, England. It provides mobile and fixed-line connectivity, broadband, voice and messaging services, digital communications, and related technology solutions to consumers, businesses, and public-sector organizations.

The company operates primarily across Europe and Africa. Its consumer businesses offer mobile plans, home broadband, television and other digital services, while Vodafone Business provides connectivity, cloud, cybersecurity, Internet of Things, unified communications, and managed technology services.