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Vodafone Group Plc (NYSE:VOD) was downgraded by stock analysts at Bank of America from a “buy” rating to a “neutral” rating in a report issued on Thursday.

Shares of Vodafone Group Plc (NYSE:VOD) opened at 33.78 on Thursday. Vodafone Group Plc has a 52 week low of $27.5433 and a 52 week high of $42.14. The stock’s 50-day moving average is $35.57 and its 200-day moving average is $37.4. The company has a market cap of $89.314 billion and a P/E ratio of 0.88.

The company also recently announced a special dividend, which is scheduled for Monday, August 18th. Stockholders of record on Friday, June 13th will be paid a dividend of $1.2573 per share. The ex-dividend date is Wednesday, June 11th.

Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs reiterated a “neutral” rating on shares of Vodafone Group Plc in a research note on Wednesday. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Vodafone Group Plc in a research note on Tuesday. Finally, analysts at Beaufort Securities reiterated a “buy” rating on shares of Vodafone Group Plc in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $88.33.

Vodafone Group Plc (NYSE:VOD), is a mobile communications company.

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