Vodafone Group PLC (NASDAQ:VOD) has received an average rating of “Hold” from the thirteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $31.52.

A number of analysts have weighed in on VOD shares. Numis Securities Ltd started coverage on Vodafone Group PLC in a research report on Friday, July 14th. They set an “add” rating for the company. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Vodafone Group PLC in a research report on Monday, July 31st. BidaskClub cut Vodafone Group PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Zacks Investment Research downgraded Vodafone Group PLC from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Finally, Bank of America Corporation raised 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.

Vodafone Group PLC (VOD) opened at 28.98 on Friday. Vodafone Group PLC has a 12 month low of $24.17 and a 12 month high of $30.39. The company’s 50-day moving average price is $28.62 and its 200 day moving average price is $28.43. The stock’s market capitalization is $77.15 billion.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership increased its stake in Vodafone Group PLC by 47.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,013,916 shares of the cell phone carrier’s stock valued at $86,590,000 after purchasing an additional 975,277 shares in the last quarter. Marble Harbor Investment Counsel LLC increased its stake in Vodafone Group PLC by 3.4% in the 2nd quarter. Marble Harbor Investment Counsel LLC now owns 263,159 shares of the cell phone carrier’s stock valued at $7,561,000 after purchasing an additional 8,768 shares in the last quarter. Columbia Asset Management increased its stake in Vodafone Group PLC by 47.5% in the 2nd quarter. Columbia Asset Management now owns 24,662 shares of the cell phone carrier’s stock valued at $708,000 after purchasing an additional 7,942 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Vodafone Group PLC by 0.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 93,723 shares of the cell phone carrier’s stock valued at $2,693,000 after purchasing an additional 616 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in Vodafone Group PLC by 39.6% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 204,080 shares of the cell phone carrier’s stock valued at $5,863,000 after purchasing an additional 57,917 shares in the last quarter. 10.21% of the stock is owned by hedge funds and other 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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