Vodafone Group Plc (NASDAQ:VOD) has been given a consensus rating of “Buy” by the fifteen research firms that are presently covering the stock. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $30.76.

A number of analysts recently issued reports on VOD shares. Barclays PLC lowered shares of Vodafone Group Plc from an “overweight” rating to an “equal weight” rating in a research note on Friday. Zacks Investment Research upgraded shares of Vodafone Group Plc from a “hold” rating to a “strong-buy” rating and set a $32.00 price target for the company in a research note on Tuesday, May 16th. Bank of America Corp lowered shares of Vodafone Group Plc from a “buy” rating to a “neutral” rating in a research note 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 note on Wednesday, March 8th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Vodafone Group Plc in a research note on Tuesday, January 31st.

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Institutional investors have recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. increased its position in Vodafone Group Plc by 76.0% in the third quarter. Stratos Wealth Partners LTD. now owns 63,838 shares of the cell phone carrier’s stock worth $1,861,000 after buying an additional 27,573 shares in the last quarter. Wellington Shields & Co. LLC increased its position in Vodafone Group Plc by 0.8% in the third quarter. Wellington Shields & Co. LLC now owns 16,956 shares of the cell phone carrier’s stock worth $494,000 after buying an additional 129 shares in the last quarter. BB&T Corp increased its position in Vodafone Group Plc by 3.1% in the third quarter. BB&T Corp now owns 489,239 shares of the cell phone carrier’s stock worth $14,262,000 after buying an additional 14,738 shares in the last quarter. Columbia Asset Management increased its position in Vodafone Group Plc by 8.1% in the third quarter. Columbia Asset Management now owns 16,058 shares of the cell phone carrier’s stock worth $468,000 after buying an additional 1,200 shares in the last quarter. Finally, South Texas Money Management Ltd. increased its position in Vodafone Group Plc by 3.0% in the third quarter. South Texas Money Management Ltd. now owns 858,238 shares of the cell phone carrier’s stock worth $25,018,000 after buying an additional 25,173 shares in the last quarter. 9.59% of the stock is owned by hedge funds and other institutional investors.

Vodafone Group Plc (NASDAQ:VOD) opened at 29.62 on Tuesday. Vodafone Group Plc has a one year low of $24.17 and a one year high of $34.70. The firm’s market cap is $82.85 billion. The stock has a 50 day moving average of $26.75 and a 200 day moving average of $25.80.

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

About Vodafone Group Plc

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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