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Vodafone Group Plc (NYSE:VOD) was upgraded by equities research analysts at Macquarie from a “neutral” rating to an “outperform” rating in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports.

Shares of Vodafone Group Plc (NYSE:VOD) traded up 0.99% on Wednesday, hitting $32.3174. The stock had a trading volume of 5,442,242 shares. Vodafone Group Plc has a 52 week low of $28.1753 and a 52 week high of $42.14. The stock’s 50-day moving average is $35.01 and its 200-day moving average is $37.30. The company has a market cap of $85.447 billion and a price-to-earnings ratio of 0.85.

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

A number of other analysts have also recently weighed in on VOD. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Vodafone Group Plc in a research note on Tuesday. Separately, analysts at Bank of America downgraded shares of Vodafone Group Plc from a “buy” rating to a “neutral” rating in a research note on Thursday, June 19th. Finally, analysts at Goldman Sachs reiterated a “neutral” rating on shares of Vodafone Group Plc in a research note on Wednesday, June 18th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the company. The company currently has a consensus 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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