Vodafone Group Public (NASDAQ:VOD) was reduced to StockNews.com

StockNews.com downgraded the stock Vodafone Group Public (NASDAQ:VOD – Free Report) from a buy rating to a hold rating in a research note published on Thursday morning.

A number of other equities analysts have also issued reports on VOD. Deutsche Bank Aktiengesellschaft began coverage on Vodafone Group Public in a report on Thursday, June 20th. They set a buy rating on the stock. UBS Group downgraded shares of Vodafone Group Public from a buy rating to a neutral rating in a research report on Monday, August 5th. Finally, New Street Research upgraded shares of Vodafone Group Public to a strong-buy rating in a research report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $14.45.

See the latest stock analysis on Vodafone Group Public

Vodafone Group public stock performance

Shares of VOD stock opened at $9.56 on Thursday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.29, and a current ratio of 1.31. Vodafone Group Public has a 1 year low of $8.02 and a 1 year high of $10.19. The stock’s 50-day moving average is $9.16, and its two-hundred-day moving average is $8.92. The firm has a market cap of $25.76 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 0.95 and a beta of 0.75.

Institutional investors intervene on the Vodafone Group public

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its position in shares of Vodafone Group Public by 116.7% in the second quarter. GAMMA Investing LLC now owns 3,903 shares of the cell phone carrier’s stock valued at $35,000 after acquiring an additional 2,102 shares during the period. Asset Dedication LLC lifted its position in shares of Vodafone Group Public by 630.9% in the second quarter. Asset Dedication LLC now owns 4,634 shares of the cell phone carrier’s stock valued at $41,000 after acquiring an additional 4,000 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of Vodafone Group Public in the first quarter valued at approximately $46,000. First Horizon Advisors Inc. lifted its position in shares of Vodafone Group Public by 581.7% during the 4th quarter. First Horizon Advisors Inc. now owns 5,351 shares of the cell phone carrier’s stock valued at $47,000 after acquiring an additional 4,566 shares during the period. Finally, Hexagon Capital Partners LLC lifted its position in shares of Vodafone Group Public by 230.9% in the first quarter. Hexagon Capital Partners LLC now owns 5,410 shares of the cell phone carrier’s stock valued at $48,000 after acquiring an additional 3,775 shares during the period. 7.84% of the shares are currently owned by institutional investors and hedge funds.

About Vodafone Group Public

(Get a free report)

Vodafone Group Public Limited provides telecommunications services in Europe and internationally. Provides mobile connectivity services including end-to-end mobile voice and data services, messaging, device management, BYOx and telecom management, as well as professional and consulting services; and fixed connectivity such as fixed voice and data, broadband, software defined networks, managed WAN, LAN, ethernet and satellite; and financial services as well as business and merchant services.

Further reading

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