Shares of Vodafone Group PLC (NASDAQ:VOD) have received an average rating of “Buy” from the sixteen analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $31.12.

A number of equities analysts recently commented on VOD shares. Argus upgraded Vodafone Group PLC from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Monday, June 12th. J P Morgan Chase & Co restated a “buy” rating on shares of Vodafone Group PLC in a report on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) upgraded Vodafone Group PLC from a “buy” rating to a “conviction-buy” rating in a report on Wednesday, March 8th. Barclays PLC downgraded Vodafone Group PLC from an “overweight” rating to an “equal weight” rating in a report on Friday, May 19th. Finally, Zacks Investment Research upgraded Vodafone Group PLC from a “sell” rating to a “hold” rating in a report on Wednesday, March 8th.

Shares of Vodafone Group PLC (NASDAQ VOD) opened at 28.89 on Monday. The stock has a 50 day moving average of $28.51 and a 200 day moving average of $26.25. Vodafone Group PLC has a 1-year low of $24.17 and a 1-year high of $32.68. The company’s market cap is $76.91 billion.

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

Several institutional investors have recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. increased its position in shares of Vodafone Group PLC by 68.6% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,862 shares of the cell phone carrier’s stock valued at $102,000 after buying an additional 1,571 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in shares of Vodafone Group PLC by 239.5% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,217 shares of the cell phone carrier’s stock valued at $111,000 after buying an additional 2,975 shares during the last quarter. Pacific Center for Financial Services bought a new position in shares of Vodafone Group PLC during the fourth quarter valued at $112,000. Winslow Evans & Crocker Inc. increased its position in shares of Vodafone Group PLC by 4.2% in the first quarter. Winslow Evans & Crocker Inc. now owns 4,956 shares of the cell phone carrier’s stock valued at $131,000 after buying an additional 200 shares during the last quarter. Finally, Washington Trust Bank increased its position in shares of Vodafone Group PLC by 26.2% in the first quarter. Washington Trust Bank now owns 5,011 shares of the cell phone carrier’s stock valued at $132,000 after buying an additional 1,040 shares during the last quarter. Hedge funds and other institutional investors own 10.46% of the company’s stock.

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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.

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