Vodafone Group PLC (NASDAQ:VOD) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a note issued to investors on Friday. The brokerage currently has a $34.00 price objective on the cell phone carrier’s stock. Zacks Investment Research‘s price target suggests a potential upside of 10.97% from the stock’s previous close.

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. “

VOD has been the subject of a number of other reports. BidaskClub lowered shares of Vodafone Group PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. UBS AG reissued a “buy” rating on shares of Vodafone Group PLC in a research report on Friday, October 27th. Bank of America Corporation raised 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. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Vodafone Group PLC in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Vodafone Group PLC presently has a consensus rating of “Buy” and an average target price of $32.14.

Vodafone Group PLC (NASDAQ VOD) traded down $0.06 on Friday, reaching $30.64. 5,246,200 shares of the company’s stock were exchanged, compared to its average volume of 3,916,130. Vodafone Group PLC has a 12 month low of $24.17 and a 12 month high of $30.78. The company has a quick ratio of 0.99, a current ratio of 0.96 and a debt-to-equity ratio of 0.46.

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Institutional investors have recently added to or reduced their stakes in the company. Clear Perspective Advisors LLC raised its stake in shares of Vodafone Group PLC by 13.8% during the second quarter. Clear Perspective Advisors LLC now owns 3,628 shares of the cell phone carrier’s stock worth $104,000 after purchasing an additional 440 shares during the last quarter. Advisory Services Network LLC raised its stake in shares of Vodafone Group PLC by 21.0% during the second quarter. Advisory Services Network LLC now owns 4,433 shares of the cell phone carrier’s stock worth $127,000 after purchasing an additional 768 shares during the last quarter. Ropes Wealth Advisors LLC raised its stake in shares of Vodafone Group PLC by 387.8% during the second quarter. Ropes Wealth Advisors LLC now owns 4,654 shares of the cell phone carrier’s stock worth $134,000 after purchasing an additional 3,700 shares during the last quarter. Wealthcare Advisory Partners LLC purchased a new stake in shares of Vodafone Group PLC during the third quarter worth approximately $151,000. Finally, Pacific Center for Financial Services raised its stake in shares of Vodafone Group PLC by 9.5% during the second quarter. Pacific Center for Financial Services now owns 5,494 shares of the cell phone carrier’s stock worth $158,000 after purchasing an additional 476 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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