Vodafone Group (NASDAQ:VOD) Upgraded at The Goldman Sachs Group

Vodafone Group (NASDAQ:VOD) was upgraded by investment analysts at The Goldman Sachs Group from a “sell” rating to a “buy” rating in a note issued to investors on Friday, Briefing.com reports.

VOD has been the topic of several other research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Vodafone Group in a research report on Tuesday. Bank of America lowered shares of Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 price target on the stock. in a research note on Tuesday, May 26th. Barclays cut Vodafone Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 11th. Zacks Research cut Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. Finally, DZ Bank downgraded Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Vodafone Group has a consensus rating of “Hold” and an average price target of $10.57.

Vodafone Group Trading Up 3.2%

Shares of NASDAQ VOD opened at $16.58 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.11. The firm has a fifty day moving average of $15.32 and a 200 day moving average of $15.17. Vodafone Group has a one year low of $11.12 and a one year high of $16.68.

Institutional Trading of Vodafone Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bayban grew its holdings in shares of Vodafone Group by 6,696.7% in the first quarter. Bayban now owns 2,039 shares of the cell phone carrier’s stock valued at $31,000 after purchasing an additional 2,009 shares during the period. Western Wealth Management LLC purchased a new position in Vodafone Group during the first quarter worth about $34,000. Caitong International Asset Management Co. Ltd boosted its holdings in 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. CIBC Private Wealth Group LLC grew 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 valued at $40,000 after buying an additional 946 shares during the period. Finally, Manchester Capital Management LLC raised its position in Vodafone Group by 207.6% in the fourth quarter. Manchester Capital Management LLC now owns 3,282 shares of the cell phone carrier’s stock valued at $43,000 after purchasing an additional 2,215 shares during the period. 7.84% of the stock is owned by institutional investors and hedge funds.

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.