Vodafone Group PLC (NASDAQ:VOD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

According to Zacks, “Vodafone AirTouch Plc is the world’s largest international mobile communications firm. Their primary operation is in digital and analog cellular telephone networks of Vodafone. “

Other equities research analysts have also issued reports about 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. UBS AG reiterated a “buy” rating on shares of Vodafone Group PLC in a research note on Friday, October 27th. BidaskClub lowered shares of Vodafone Group PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 18th. Finally, Bank of America Corporation upgraded shares of Vodafone Group PLC from a “neutral” rating to a “buy” rating and set a $32.56 price objective on the stock in a research note on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $31.52.

Shares of Vodafone Group PLC (VOD) traded up $1.58 during mid-day trading on Tuesday, reaching $30.43. 6,020,958 shares of the company’s stock traded hands, compared to its average volume of 3,852,209. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47. 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 and hedge funds have recently made changes to their positions in the stock. Diversified Trust Co grew its stake in Vodafone Group PLC by 0.4% in the 2nd quarter. Diversified Trust Co now owns 8,525 shares of the cell phone carrier’s stock valued at $245,000 after buying an additional 38 shares during the last quarter. Alliancebernstein L.P. grew its stake in Vodafone Group PLC by 0.3% in the 2nd quarter. Alliancebernstein L.P. now owns 41,619 shares of the cell phone carrier’s stock valued at $1,196,000 after buying an additional 105 shares during the last quarter. HPM Partners LLC grew its stake in Vodafone Group PLC by 1.5% in the 2nd quarter. HPM Partners LLC now owns 12,498 shares of the cell phone carrier’s stock valued at $359,000 after buying an additional 180 shares during the last quarter. AlphaMark Advisors LLC grew its stake in Vodafone Group PLC by 2.5% in the 2nd quarter. AlphaMark Advisors LLC now owns 9,184 shares of the cell phone carrier’s stock valued at $264,000 after buying an additional 220 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in Vodafone Group PLC by 4.1% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 6,137 shares of the cell phone carrier’s stock valued at $182,000 after buying an additional 241 shares during the last quarter. Institutional investors and hedge funds own 10.00% 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.

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Analyst Recommendations for Vodafone Group PLC (NASDAQ:VOD)

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