Vodafone Group PLC (NASDAQ:VOD) Stock Rated “Reduce” by Wall Street Analysts

Vodafone Group PLC (NASDAQ:VOD) has been given an average rating of “Reduce” by the twelve research firms that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $13.13.

A number of research analysts have commented on VOD shares. Morningstar downgraded shares of Vodafone Group to a “hold” rating in a research note on Thursday, July 30th. The Goldman Sachs Group raised shares of Vodafone Group from a “sell” rating to a “buy” rating in a research report on Friday, September 4th. New Street Research upgraded shares of Vodafone Group from a “neutral” rating to a “buy” rating in a research note on Friday, July 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Vodafone Group in a research report on Friday, October 9th. Finally, UBS Group reiterated a “sell” rating on shares of Vodafone Group in a research note on Tuesday, July 28th.

Vodafone Group Stock Performance

Shares of NASDAQ:VOD opened at $15.75 on Wednesday. The company has a fifty day simple moving average of $16.38 and a 200 day simple moving average of $15.33. Vodafone Group has a 12-month low of $11.12 and a 12-month high of $17.71.

Hedge Funds Weigh In On Vodafone Group

Institutional investors have recently made changes to their positions in the stock. Sei Investments Co. lifted its stake in Vodafone Group by 72.4% in the first quarter. Sei Investments Co. now owns 866,316 shares of the cell phone carrier’s stock valued at $13,014,000 after buying an additional 363,694 shares during the last quarter. Merit Financial Group LLC grew its position in shares of Vodafone Group by 7,003.0% during the second quarter. Merit Financial Group LLC now owns 788,577 shares of the cell phone carrier’s stock worth $10,429,000 after acquiring an additional 777,475 shares during the last quarter. Integrated Wealth Concepts LLC grew its position 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 worth $1,420,000 after acquiring an additional 81,393 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Vodafone Group by 415.8% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 52,829 shares of the cell phone carrier’s stock worth $699,000 after acquiring an additional 42,587 shares during the period. Finally, HighTower Advisors LLC increased its holdings in shares of Vodafone Group by 36.1% in the 2nd quarter. HighTower Advisors LLC now owns 269,517 shares of the cell phone carrier’s stock worth $3,564,000 after acquiring an additional 71,551 shares during the period. 7.84% of the stock is owned by institutional investors.

Vodafone Group Company Profile

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.