Vodafone Group (NASDAQ:VOD) Cut to Strong Sell at Zacks Research

Vodafone Group (NASDAQ:VOD) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday, Zacks reports.

VOD has been the subject of a number of other reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Vodafone Group in a research note on Tuesday, September 1st. Barclays cut Vodafone Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday, June 11th. The Goldman Sachs Group raised Vodafone Group from a “sell” rating to a “buy” rating in a report on Friday, September 4th. Wall Street Zen upgraded Vodafone Group from a “hold” rating to a “buy” rating in a report on Monday, September 14th. Finally, New Street Research raised Vodafone Group from a “neutral” rating to a “buy” rating in a research report on Friday, July 10th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $10.57.

Vodafone Group Stock Performance

VOD opened at $16.95 on Thursday. The company has a 50-day moving average of $16.17 and a 200-day moving average of $15.30. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.11. Vodafone Group has a 1-year low of $11.12 and a 1-year high of $17.71.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC grew its position in Vodafone Group by 12.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 81,223 shares of the cell phone carrier’s stock valued at $1,074,000 after buying an additional 9,281 shares in the last quarter. Tidal Investments LLC grew its position in Vodafone Group by 77.8% in the second quarter. Tidal Investments LLC now owns 22,620 shares of the cell phone carrier’s stock worth $299,000 after buying an additional 9,895 shares during the last quarter. WINTON GROUP Ltd acquired a new position in shares of Vodafone Group in the 2nd quarter worth $805,000. Engineers Gate Manager LP increased its stake in Vodafone Group by 256.9% in the 2nd quarter. Engineers Gate Manager LP now owns 68,530 shares of the cell phone carrier’s stock worth $906,000 after purchasing an additional 49,330 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in shares of Vodafone Group by 313.1% during the second quarter. Integrated Wealth Concepts LLC now owns 107,388 shares of the cell phone carrier’s stock valued at $1,420,000 after acquiring an additional 81,393 shares during the period. Institutional investors and hedge funds own 7.84% of the company’s stock.

About Vodafone Group

Vodafone Group Plc is a British multinational telecommunications company that provides mobile and fixed-line connectivity, broadband, voice, messaging and related digital services. Its offerings serve individual consumers, households, businesses and public-sector organizations, with services delivered through local Vodafone operations and partner networks.

The company also provides enterprise communications and technology solutions, including cloud and hosting services, cybersecurity, the Internet of Things, unified communications and managed connectivity.