Vodafone Group (NASDAQ:VOD) Hits New 52-Week High – Time to Buy?

Vodafone Group PLC (NASDAQ:VOD) shares hit a new 52-week high on Wednesday . The stock traded as high as $15.91 and last traded at $15.8650, with a volume of 3919996 shares. The stock had previously closed at $15.70.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VOD. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Vodafone Group in a research report on Wednesday, January 21st. Barclays upgraded Vodafone Group from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Zacks Research raised Vodafone Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Wall Street Zen lowered Vodafone Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. 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 issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, Vodafone Group has an average rating of “Reduce” and a consensus price target of $72.00.

Vodafone Group Trading Up 1.0%

The business has a fifty day moving average of $14.18 and a two-hundred day moving average of $12.66. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 1.17.

Institutional Trading of Vodafone Group

Institutional investors have recently bought and sold shares of the business. Assetmark Inc. increased its stake in Vodafone Group by 156.8% in the fourth quarter. Assetmark Inc. now owns 2,275 shares of the cell phone carrier’s stock valued at $30,000 after acquiring an additional 1,389 shares during the last quarter. American Capital Advisory LLC boosted its holdings in shares of Vodafone Group by 40.8% in the 4th quarter. American Capital Advisory LLC now owns 2,400 shares of the cell phone carrier’s stock valued at $32,000 after purchasing an additional 696 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Vodafone Group by 81.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,651 shares of the cell phone carrier’s stock valued at $35,000 after purchasing an additional 1,193 shares during the last quarter. Manchester Capital Management LLC raised its holdings in shares of Vodafone Group by 207.6% during the 4th quarter. Manchester Capital Management LLC now owns 3,282 shares of the cell phone carrier’s stock worth $43,000 after buying an additional 2,215 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in Vodafone Group by 38.0% in the third quarter. CIBC Private Wealth Group LLC now owns 3,435 shares of the cell phone carrier’s stock valued at $40,000 after buying an additional 946 shares in the last quarter. Institutional investors own 7.84% of the company’s stock.

About Vodafone Group

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.