Vodafone Group Plc (NASDAQ:VOD) was downgraded by equities researchers at Barclays PLC from an “overweight” rating to an “equal weight” rating in a report issued on Friday, The Fly reports.

Several other brokerages also recently weighed in on VOD. Zacks Investment Research upgraded shares of Vodafone Group Plc from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective on the stock in a research report on Tuesday. Bank of America Corp downgraded shares of Vodafone Group Plc from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 25th. Goldman Sachs Group Inc upgraded shares of Vodafone Group Plc from a “buy” rating to a “conviction-buy” rating in a research report on Wednesday, March 8th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Vodafone Group Plc in a research report on Tuesday, January 31st. Eight analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $30.76.

Analyst Recommendations for Vodafone Group Plc (NASDAQ:VOD)

The business also recently declared a semiannual dividend, which will be paid on Friday, August 4th. Shareholders of record on Friday, June 9th will be given a dividend of $1.1234 per share. This represents a dividend yield of 7.74%. This is an increase from Vodafone Group Plc’s previous semiannual dividend of $0.56. The ex-dividend date is Wednesday, June 7th.

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Hedge funds have recently added to or reduced their stakes in the company. M Holdings Securities Inc. boosted its position in shares of Vodafone Group Plc by 17.2% in the fourth quarter. M Holdings Securities Inc. now owns 19,237 shares of the cell phone carrier’s stock valued at $470,000 after buying an additional 2,828 shares in the last quarter. Aviance Capital Management LLC boosted its position in shares of Vodafone Group Plc by 18.0% in the third quarter. Aviance Capital Management LLC now owns 1,926,337 shares of the cell phone carrier’s stock valued at $56,153,000 after buying an additional 293,269 shares in the last quarter. Beech Hill Advisors Inc. acquired a new position in shares of Vodafone Group Plc during the first quarter valued at about $3,715,000. North Star Investment Management Corp. boosted its position in shares of Vodafone Group Plc by 17.9% in the first quarter. North Star Investment Management Corp. now owns 94,405 shares of the cell phone carrier’s stock valued at $2,495,000 after buying an additional 14,317 shares in the last quarter. Finally, Trust Department MB Financial Bank N A boosted its position in shares of Vodafone Group Plc by 123.8% in the first quarter. Trust Department MB Financial Bank N A now owns 9,154 shares of the cell phone carrier’s stock valued at $242,000 after buying an additional 5,064 shares in the last quarter. Institutional investors own 9.59% of the company’s stock.

Vodafone Group Plc Company Profile

Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.

12 Month Chart for NASDAQ:VOD

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