Vodafone Group (NASDAQ:VOD) Cut to “Underweight” at Barclays

Vodafone Group (NASDAQ:VOD) was downgraded by Barclays from an “equal weight” rating to an “underweight” rating in a report released on Tuesday, Briefing.com reports.

Several other research analysts also recently commented on the company. Weiss Ratings upgraded Vodafone Group from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Wall Street Zen cut Vodafone Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 22nd. New Street Research raised Vodafone Group from a “neutral” rating to a “buy” rating in a report on Friday, July 10th. The Goldman Sachs Group raised Vodafone Group from a “sell” rating to a “buy” rating in a report on Friday, September 4th. Finally, Zacks Research cut shares of Vodafone Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 17th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Vodafone Group currently has an average rating of “Reduce” and a consensus price target of $10.57.

Vodafone Group Stock Performance

NASDAQ:VOD opened at $15.87 on Tuesday. Vodafone Group has a 12-month low of $11.12 and a 12-month high of $17.71. The stock’s 50 day moving average price is $16.43 and its two-hundred day moving average price is $15.55. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.11 and a current ratio of 1.14.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VOD. Bayban grew its position 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 last quarter. Western Wealth Management LLC bought a new position in shares of Vodafone Group during the first quarter worth approximately $34,000. Assetmark Inc. increased its stake in shares of Vodafone Group by 31.5% during the first quarter. Assetmark Inc. now owns 2,992 shares of the cell phone carrier’s stock worth $45,000 after purchasing an additional 717 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Vodafone Group during the 2nd quarter worth approximately $45,000. Finally, Evergreen Advisors LLC acquired a new stake in Vodafone Group during the 1st quarter worth approximately $54,000. 7.84% of the stock is owned by institutional investors.

About Vodafone Group

Vodafone Group Plc is a telecommunications company headquartered in Newbury, England. It provides mobile and fixed-line connectivity, broadband, voice and messaging services, digital communications, and related technology solutions to consumers, businesses, and public-sector organizations.

The company operates primarily across Europe and Africa. Its consumer businesses offer mobile plans, home broadband, television and other digital services, while Vodafone Business provides connectivity, cloud, cybersecurity, Internet of Things, unified communications, and managed technology services.