UBS Group Upgrades Vodafone Group (NASDAQ:VOD) to Hold

Vodafone Group (NASDAQ:VOD) was upgraded by stock analysts at UBS Group from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other analysts have also weighed in on VOD. Zacks Research raised Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Berenberg Bank upgraded Vodafone Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 7th. Barclays raised Vodafone Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Vodafone Group in a report on Wednesday, January 21st. Two research 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $72.00.

Vodafone Group Stock Up 1.0%

NASDAQ VOD opened at $14.48 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.17 and a debt-to-equity ratio of 0.78. The firm’s fifty day simple moving average is $14.74 and its 200-day simple moving average is $13.06. Vodafone Group has a 1-year low of $8.05 and a 1-year high of $15.91.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. increased its position in shares of Vodafone Group by 156.8% during 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 grew its stake in shares of 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 during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings 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 acquiring an additional 1,193 shares in the last quarter. Sound Income Strategies LLC grew 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 acquiring an additional 3,352 shares during the period. Finally, CIBC Private Wealth Group LLC increased its stake in shares of Vodafone Group by 38.0% in 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 in the last quarter. 7.84% of the stock is owned by institutional investors and hedge funds.

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.