Vodafone Group PLC (NASDAQ:VOD) Receives Average Recommendation of “Reduce” from Analysts

Shares of Vodafone Group PLC (NASDAQ:VOD) have been given a consensus rating of “Reduce” by the nine research firms that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $52.3767.

Several analysts have issued reports on the stock. Bank of America downgraded shares of Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 target price on the stock. in a research note on Tuesday, May 26th. Weiss Ratings lowered Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 4th. UBS Group raised Vodafone Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Barclays lowered Vodafone Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, June 11th. Finally, Wall Street Zen upgraded Vodafone Group from a “sell” rating to a “hold” rating in a report on Sunday, May 31st.

Vodafone Group Stock Down 1.7%

Shares of VOD opened at $13.01 on Thursday. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.84. Vodafone Group has a one year low of $10.61 and a one year high of $16.60. The company has a 50-day moving average of $14.95 and a two-hundred day moving average of $14.64.

Vodafone Group Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, July 30th. Shareholders of record on Friday, June 5th will be paid a $0.2766 dividend. This represents a yield of 376.0%. The ex-dividend date is Friday, June 5th.

Institutional Trading of Vodafone Group

Hedge funds and other institutional investors have recently modified their holdings of the company. American Capital Advisory LLC grew its stake 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 valued at $32,000 after purchasing an additional 696 shares in the last quarter. RNC Capital Management LLC grew its stake in shares of Vodafone Group by 1.3% in the 4th quarter. RNC Capital Management LLC now owns 53,804 shares of the cell phone carrier’s stock valued at $711,000 after buying an additional 713 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in Vodafone Group by 4.2% in the fourth quarter. Valeo Financial Advisors LLC now owns 17,603 shares of the cell phone carrier’s stock worth $233,000 after buying an additional 713 shares during the last quarter. Assetmark Inc. raised its position in Vodafone Group by 31.5% during the first quarter. Assetmark Inc. now owns 2,992 shares of the cell phone carrier’s stock valued at $45,000 after acquiring an additional 717 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in Vodafone Group by 28.3% during the fourth quarter. Larson Financial Group LLC now owns 3,524 shares of the cell phone carrier’s stock valued at $47,000 after acquiring an additional 778 shares in the last quarter. 7.84% of the stock is currently owned by hedge funds and other institutional investors.

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.