Vodafone Group PLC (NASDAQ:VOD) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

Other research analysts have also recently issued research reports about the company. Bank of America Corporation upgraded Vodafone Group PLC from a “neutral” rating to a “buy” rating and set a $32.56 price target on the stock in a research report on Wednesday, August 9th. J P Morgan Chase & Co restated a “buy” rating on shares of Vodafone Group PLC in a research report on Monday, July 31st. Numis Securities Ltd began coverage on Vodafone Group PLC in a research report on Friday, July 14th. They issued an “add” rating on the stock. Sanford C. Bernstein restated an “outperform” rating on shares of Vodafone Group PLC in a research report on Friday, June 16th. Finally, Standpoint Research cut Vodafone Group PLC from an “accumulate” rating to a “reduce” rating and set a $30.00 price target on the stock. in a research report on Thursday, June 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $31.64.

Vodafone Group PLC (VOD) traded up 0.42% during midday trading on Monday, hitting $28.62. 2,700,796 shares of the stock traded hands. The firm’s 50 day moving average is $28.97 and its 200-day moving average is $28.02. The stock’s market capitalization is $76.19 billion. Vodafone Group PLC has a 12-month low of $24.17 and a 12-month high of $30.39.

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A number of institutional investors have recently added to or reduced their stakes in VOD. Fisher Asset Management LLC grew its position in Vodafone Group PLC by 90.8% in the second quarter. Fisher Asset Management LLC now owns 23,702,619 shares of the cell phone carrier’s stock valued at $680,976,000 after acquiring an additional 11,281,706 shares during the last quarter. BlackRock Inc. grew its position in 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 valued at $114,716,000 after acquiring an additional 4,290,072 shares during the last quarter. FMR LLC grew its position in 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 valued at $153,013,000 after acquiring an additional 2,299,529 shares during the last quarter. Bank of America Corp DE grew its position in 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 valued at $300,528,000 after acquiring an additional 2,044,315 shares during the last quarter. Finally, Epoch Investment Partners Inc. grew its position in 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 valued at $60,482,000 after acquiring an additional 1,911,096 shares during the last quarter. Hedge funds and other institutional investors own 10.21% 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.

Analyst Recommendations for Vodafone Group PLC (NASDAQ:VOD)

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