Shares of Vodafone Group PLC (NASDAQ:VOD) have been assigned an average recommendation of “Buy” from the twelve ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $32.14.
VOD has been the subject of several recent analyst reports. BidaskClub downgraded Vodafone Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 18th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Vodafone Group in a report on Thursday, November 23rd. Zacks Investment Research raised Vodafone Group from a “sell” rating to a “buy” rating and set a $34.00 price target for the company in a report on Friday, November 17th. UBS reaffirmed a “buy” rating on shares of Vodafone Group in a report on Monday, October 2nd. Finally, Barclays raised Vodafone Group from an “equal weight” rating to an “overweight” rating in a report on Friday.
Several institutional investors and hedge funds have recently modified their holdings of VOD. Clear Perspective Advisors LLC increased its holdings in Vodafone Group by 13.8% during the 2nd quarter. Clear Perspective Advisors LLC now owns 3,628 shares of the cell phone carrier’s stock valued at $104,000 after purchasing an additional 440 shares in the last quarter. Advisory Services Network LLC increased its holdings in Vodafone Group by 21.0% during the 2nd quarter. Advisory Services Network LLC now owns 4,433 shares of the cell phone carrier’s stock valued at $127,000 after purchasing an additional 768 shares in the last quarter. Ropes Wealth Advisors LLC increased its holdings in Vodafone Group by 387.8% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 4,654 shares of the cell phone carrier’s stock valued at $134,000 after purchasing an additional 3,700 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in Vodafone Group during the 3rd quarter valued at $151,000. Finally, Pacific Center for Financial Services increased its holdings in Vodafone Group by 9.5% during the 2nd quarter. Pacific Center for Financial Services now owns 5,494 shares of the cell phone carrier’s stock valued at $158,000 after purchasing an additional 476 shares in the last quarter. 10.24% of the stock is owned by institutional investors and hedge funds.
The business also recently announced a semiannual dividend, which will be paid on Friday, February 2nd. Stockholders of record on Friday, November 24th will be issued a $0.5642 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a dividend yield of 3.68%.
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About Vodafone Group
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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