BidaskClub Downgrades Vodafone Group PLC (VOD) to Buy
Vodafone Group PLC (NASDAQ:VOD) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.
A number of other equities research analysts have also issued reports on VOD. Barclays PLC lowered Vodafone Group PLC from an “overweight” rating to an “equal weight” rating in a research report on Friday, May 19th. Bank of America Corporation raised Vodafone Group PLC from a “neutral” rating to a “buy” rating and set a $32.56 target price on the stock in a research report on Wednesday, August 9th. J P Morgan Chase & Co reissued a “buy” rating on shares of Vodafone Group PLC in a research report on Monday, July 31st. Numis Securities Ltd started coverage on Vodafone Group PLC in a research report on Friday, July 14th. They set an “add” rating on the stock. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Vodafone Group PLC in a research report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $31.64.
Vodafone Group PLC (VOD) traded up 0.21% during mid-day trading on Friday, hitting $28.62. The company had a trading volume of 2,314,852 shares. Vodafone Group PLC has a 52-week low of $24.17 and a 52-week high of $31.67.
ILLEGAL ACTIVITY NOTICE: “BidaskClub Downgrades Vodafone Group PLC (VOD) to Buy” was first reported by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/08/18/bidaskclub-downgrades-vodafone-group-plc-vod-to-buy.html.
Hedge funds have recently bought and sold shares of the stock. State Street Corp increased its stake in Vodafone Group PLC by 6.8% in the fourth quarter. State Street Corp now owns 162,766 shares of the cell phone carrier’s stock worth $3,975,000 after buying an additional 10,302 shares during the period. Bank of Montreal Can increased its stake in Vodafone Group PLC by 21.7% in the first quarter. Bank of Montreal Can now owns 337,808 shares of the cell phone carrier’s stock worth $8,928,000 after buying an additional 60,341 shares during the period. Winslow Evans & Crocker Inc. increased its stake in 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 worth $131,000 after buying an additional 200 shares during the period. Atria Investments LLC acquired a new stake in Vodafone Group PLC during the first quarter worth $234,000. Finally, Washington Trust Bank increased its stake in 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 worth $132,000 after buying an additional 1,040 shares during the period. Hedge funds and other institutional investors own 10.83% of the company’s stock.
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.
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.