Vodafone Group PLC (NASDAQ:VOD) Given Consensus Rating of “Reduce” by Brokerages

Vodafone Group PLC (NASDAQ:VOD) has received a consensus rating of “Reduce” from the ten research firms that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $72.00.

Several analysts recently commented on the company. Barclays upgraded Vodafone Group from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Berenberg Bank upgraded shares of Vodafone Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 7th. Zacks Research upgraded shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Vodafone Group in a research note on Wednesday, January 21st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Assetmark Inc. boosted its position in shares of Vodafone Group by 156.8% during the 4th quarter. Assetmark Inc. now owns 2,275 shares of the cell phone carrier’s stock valued at $30,000 after purchasing an additional 1,389 shares in the last quarter. American Capital Advisory LLC increased its holdings in Vodafone Group by 40.8% in the fourth quarter. American Capital Advisory LLC now owns 2,400 shares of the cell phone carrier’s stock worth $32,000 after purchasing an additional 696 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Vodafone Group by 81.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,651 shares of the cell phone carrier’s stock valued at $35,000 after buying an additional 1,193 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of Vodafone Group by 3,455.7% during the 3rd quarter. Sound Income Strategies LLC now owns 3,449 shares of the cell phone carrier’s stock worth $39,000 after buying an additional 3,352 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in shares of 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 buying an additional 946 shares during the period. 7.84% of the stock is owned by institutional investors and hedge funds.

Vodafone Group Trading Up 1.3%

Shares of VOD stock opened at $14.60 on Tuesday. Vodafone Group has a 1-year low of $8.05 and a 1-year high of $15.91. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.17 and a quick ratio of 1.13. The stock has a 50-day moving average of $14.66 and a 200-day moving average of $12.96.

Vodafone Group Company Profile

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.