Vodafone Group PLC (NASDAQ:VOD) has earned a consensus rating of “Buy” from the seventeen ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, eight have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $31.33.

VOD has been the topic of a number of research analyst reports. Numis Securities Ltd initiated coverage on shares of Vodafone Group PLC in a research note on Friday, July 14th. They set an “add” rating on the stock. J P Morgan Chase & Co reiterated a “buy” rating on shares of Vodafone Group PLC in a research note on Monday, July 31st. BidaskClub upgraded shares of Vodafone Group PLC from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Argus upgraded shares of Vodafone Group PLC from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Monday, June 12th. Finally, Barclays PLC downgraded shares of Vodafone Group PLC from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 19th.

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Shares of Vodafone Group PLC (NASDAQ VOD) opened at 29.90 on Tuesday. Vodafone Group PLC has a 52 week low of $24.17 and a 52 week high of $31.69. The company’s market capitalization is $79.60 billion.

The firm also recently announced a semiannual dividend, which was paid on Friday, August 4th. Shareholders of record on Friday, June 9th were issued a dividend of $1.1234 per share. This represents a dividend yield of 7.74%. This is a boost from Vodafone Group PLC’s previous semiannual dividend of $0.56. The ex-dividend date was Wednesday, June 7th.

Several hedge funds have recently modified their holdings of VOD. Fisher Asset Management LLC acquired a new stake in shares of Vodafone Group PLC during the first quarter worth $328,285,000. BlackRock Inc. boosted its stake in shares of Vodafone Group PLC by 8,534.1% in the first quarter. BlackRock Inc. now owns 4,340,342 shares of the cell phone carrier’s stock worth $114,716,000 after buying an additional 4,290,072 shares during the period. FMR LLC boosted its stake in shares of Vodafone Group PLC by 65.9% in the first quarter. FMR LLC now owns 5,789,369 shares of the cell phone carrier’s stock worth $153,013,000 after buying an additional 2,299,529 shares during the period. Bank of America Corp DE boosted its stake in shares of Vodafone Group PLC by 21.9% in the first quarter. Bank of America Corp DE now owns 11,370,690 shares of the cell phone carrier’s stock worth $300,528,000 after buying an additional 2,044,315 shares during the period. Finally, Epoch Investment Partners Inc. boosted its stake in shares of Vodafone Group PLC by 506.5% in the first quarter. Epoch Investment Partners Inc. now owns 2,288,402 shares of the cell phone carrier’s stock worth $60,482,000 after buying an additional 1,911,096 shares during the period. 10.88% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Vodafone Group PLC (NASDAQ:VOD)

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