Vodafone Group PLC (NASDAQ:VOD)‘s stock had its “buy” rating reaffirmed by equities research analysts at Goldman Sachs Group, Inc. (The) in a research note issued to investors on Thursday.

Several other analysts have also commented on the stock. BidaskClub lowered shares of Vodafone Group PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Zacks Investment Research lowered shares of Vodafone Group PLC from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 18th. UBS Group AG reaffirmed 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 target on the stock in a research report on Wednesday, August 9th. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Vodafone Group PLC in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $32.14.

Shares of Vodafone Group PLC (NASDAQ:VOD) traded down $0.46 during trading on Thursday, hitting $30.40. The stock had a trading volume of 3,096,900 shares, compared to its average volume of 3,922,587. Vodafone Group PLC has a fifty-two week low of $24.17 and a fifty-two week high of $31.03. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.95 and a current ratio of 0.96.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Fisher Asset Management LLC raised its position in Vodafone Group PLC by 4.7% in the third quarter. Fisher Asset Management LLC now owns 24,824,481 shares of the cell phone carrier’s stock valued at $706,505,000 after purchasing an additional 1,121,862 shares during the period. Federated Investors Inc. PA raised its position in Vodafone Group PLC by 5.4% in the second quarter. Federated Investors Inc. PA now owns 9,620,051 shares of the cell phone carrier’s stock valued at $276,384,000 after purchasing an additional 492,968 shares during the period. Dimensional Fund Advisors LP raised its position in Vodafone Group PLC by 5.3% in the third quarter. Dimensional Fund Advisors LP now owns 7,630,584 shares of the cell phone carrier’s stock valued at $217,166,000 after purchasing an additional 386,931 shares during the period. Renaissance Technologies LLC raised its position in Vodafone Group PLC by 9.0% in the second quarter. Renaissance Technologies LLC now owns 5,641,400 shares of the cell phone carrier’s stock valued at $162,077,000 after purchasing an additional 467,200 shares during the period. Finally, BlackRock Inc. raised 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 purchasing an additional 4,290,072 shares during the period. 10.04% of the stock is currently owned by 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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