Vodafone Group Plc (VOD) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Vodafone Group Plc (NASDAQ:VOD) have been assigned a consensus recommendation of “Buy” from the twelve research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $32.14.

VOD has been the topic of several research analyst reports. Barclays raised Vodafone Group from an “equal weight” rating to an “overweight” rating in a report on Friday, December 8th. UBS Group reissued a “buy” rating on shares of Vodafone Group in a report on Friday, October 27th. Goldman Sachs Group reissued 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 objective on the stock in a report on Friday, November 17th. Finally, BidaskClub lowered Vodafone Group from a “buy” rating to a “hold” rating in a report on Monday, September 18th.

Shares of Vodafone Group (VOD) opened at $32.31 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.95. Vodafone Group has a 1-year low of $24.31 and a 1-year high of $32.34. The company has a market capitalization of $84,990.00, a P/E ratio of -87.32, a price-to-earnings-growth ratio of 2.46 and a beta of 0.94.

The company also recently declared a semiannual dividend, which will be paid on Friday, February 2nd. Stockholders of record on Friday, November 24th will be paid a $0.5642 dividend. This represents a dividend yield of 3.68%. The ex-dividend date of this dividend is Wednesday, November 22nd. Vodafone Group’s dividend payout ratio is presently -310.81%.

Large investors have recently modified their holdings of the company. Fisher Asset Management LLC boosted its stake in Vodafone Group by 4.7% during the third quarter. Fisher Asset Management LLC now owns 24,824,481 shares of the cell phone carrier’s stock worth $706,505,000 after buying an additional 1,121,862 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Vodafone Group by 5.3% during the third quarter. Dimensional Fund Advisors LP now owns 7,630,584 shares of the cell phone carrier’s stock worth $217,166,000 after buying an additional 386,931 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Vodafone Group by 9.0% during the second quarter. Renaissance Technologies LLC now owns 5,641,400 shares of the cell phone carrier’s stock worth $162,077,000 after buying an additional 467,200 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Vodafone Group by 21.3% during the second quarter. Ameriprise Financial Inc. now owns 3,244,439 shares of the cell phone carrier’s stock worth $93,255,000 after buying an additional 569,025 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Vodafone Group by 6.9% during the second quarter. Northern Trust Corp now owns 3,181,273 shares of the cell phone carrier’s stock worth $91,399,000 after buying an additional 205,667 shares during the last quarter. 10.23% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This piece was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.americanbankingnews.com/2018/01/05/vodafone-group-plc-vod-given-consensus-recommendation-of-buy-by-brokerages.html.

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.

Analyst Recommendations for Vodafone Group (NASDAQ:VOD)

Receive News & Ratings for Vodafone Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vodafone Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply