Vodafone Group PLC (NASDAQ:VOD) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Thursday.

VOD has been the subject of a number of other reports. Bank of America Corporation upgraded Vodafone Group PLC from a “neutral” rating to a “buy” rating and set a $32.56 target price for the company in a research note on Wednesday, August 9th. Numis Securities Ltd initiated coverage on Vodafone Group PLC in a research note on Friday, July 14th. They issued an “add” rating for the company. UBS AG restated a “buy” rating on shares of Vodafone Group PLC in a research note on Monday, October 2nd. J P Morgan Chase & Co restated a “buy” rating on shares of Vodafone Group PLC in a research note on Monday, July 31st. Finally, Zacks Investment Research lowered Vodafone Group PLC from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $31.52.

Vodafone Group PLC (NASDAQ VOD) traded down 0.259% during trading on Thursday, hitting $28.905. 1,059,989 shares of the stock traded hands. Vodafone Group PLC has a one year low of $24.17 and a one year high of $30.39. The company has a 50-day moving average price of $28.61 and a 200 day moving average price of $28.41. The stock’s market cap is $76.95 billion.

TRADEMARK VIOLATION NOTICE: This news story was published by American Banking News and is the property of of American Banking News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/19/vodafone-group-plc-vod-upgraded-to-hold-by-bidaskclub.html.

A number of institutional investors and hedge funds have recently modified their holdings of VOD. Fisher Asset Management LLC boosted its holdings in Vodafone Group PLC by 90.8% during the second quarter. Fisher Asset Management LLC now owns 23,702,619 shares of the cell phone carrier’s stock worth $680,976,000 after buying an additional 11,281,706 shares during the last quarter. BlackRock Inc. boosted its holdings in Vodafone Group PLC by 8,534.1% during 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 last quarter. FMR LLC boosted its holdings in Vodafone Group PLC by 65.9% during 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 last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Vodafone Group PLC by 47.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,013,916 shares of the cell phone carrier’s stock worth $86,590,000 after buying an additional 975,277 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in Vodafone Group PLC by 40.5% during the second quarter. Jennison Associates LLC now owns 2,340,445 shares of the cell phone carrier’s stock worth $67,241,000 after buying an additional 674,477 shares during the last quarter. Hedge funds and other institutional investors own 10.21% 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.

Analyst Recommendations for Vodafone Group PLC (NASDAQ:VOD)

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.