Analysts at Argus initiated coverage on shares of Vodafone Group Plc (NASDAQ:VOD) in a note issued to investors on Tuesday. The firm set a “hold” rating on the cell phone carrier’s stock.

Several other equities research analysts also recently issued reports on VOD. Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Vodafone Group Plc in a report on Friday, May 27th. Macquarie cut Vodafone Group Plc from an “outperform” rating to a “neutral” rating and set a $30.58 target price for the company. in a research note on Monday, June 13th. Beaufort Securities reissued a “buy” rating on shares of Vodafone Group Plc in a research note on Monday, June 13th. Barclays PLC reissued an “overweight” rating on shares of Vodafone Group Plc in a research note on Wednesday, July 6th. Finally, Citigroup Inc. cut Vodafone Group Plc from a “buy” rating to a “neutral” rating and set a $30.46 target price for the company. in a research note on Tuesday, July 12th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Vodafone Group Plc currently has a consensus rating of “Buy” and a consensus price target of $30.52.

Vodafone Group Plc (NASDAQ:VOD) opened at 29.20 on Tuesday. The stock’s market capitalization is $77.55 billion. Vodafone Group Plc has a 52 week low of $27.92 and a 52 week high of $34.70. The stock has a 50 day moving average price of $30.70 and a 200 day moving average price of $31.59.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/vodafone-group-plc-vod-coverage-initiated-by-analysts-at-argus.html

Several hedge funds have recently made changes to their positions in VOD. Joel Isaacson & Co. LLC boosted its stake in shares of Vodafone Group Plc by 13.2% in the second quarter. Joel Isaacson & Co. LLC now owns 3,662 shares of the cell phone carrier’s stock worth $113,000 after buying an additional 427 shares during the period. Security National Trust Co. increased its stake in Vodafone Group Plc by 100.0% in the second quarter. Security National Trust Co. now owns 4,000 shares of the cell phone carrier’s stock valued at $124,000 after buying an additional 2,000 shares in the last quarter. Seven Eight Capital LLC bought a new stake in Vodafone Group Plc during the second quarter valued at approximately $126,000. Pinkerton Retirement Specialists LLC bought a new stake in Vodafone Group Plc during the second quarter valued at approximately $126,000. Finally, Stuart Chaussee & Associates Inc. increased its stake in Vodafone Group Plc by 86.5% in the second quarter. Stuart Chaussee & Associates Inc. now owns 4,289 shares of the cell phone carrier’s stock valued at $132,000 after buying an additional 1,989 shares in the last quarter.

About Vodafone Group Plc

Vodafone Group Plc (Vodafone) is a mobile communications company which provides services to mobile voice, messaging, data and fixed line. The Company’s money transfer service, M-Pesa, enables people in emerging markets, to send and receive money through a mobile phone. The Company also has products such as international money transfer, savings and loans, salary disbursements and access to insurance products in different markets.

5 Day Chart for NASDAQ:VOD

Receive News & Ratings for Vodafone Group Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vodafone Group Plc and related companies with MarketBeat.com's FREE daily email newsletter.