Vodafone Group (VOD) Lowered to “Hold” at Zacks Investment Research

Vodafone Group (NASDAQ:VOD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

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. “

Several other equities research analysts also recently weighed in on the stock. Barclays raised shares of Vodafone Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, December 8th. UBS Group reaffirmed a “buy” rating on shares of Vodafone Group in a research note on Friday, October 27th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Vodafone Group in a research note on Thursday, November 23rd. BidaskClub downgraded shares of Vodafone Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, Raymond James Financial raised shares of Vodafone Group from a “market perform” rating to a “strong-buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Vodafone Group presently has a consensus rating of “Buy” and an average target price of $32.14.

Shares of Vodafone Group (NASDAQ:VOD) opened at $31.58 on Friday. Vodafone Group has a 52 week low of $24.31 and a 52 week high of $32.75. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.46.

Large investors have recently bought and sold shares of the company. Quantitative Systematic Strategies LLC bought a new stake in shares of Vodafone Group during the third quarter worth about $1,316,000. Arrowstreet Capital Limited Partnership increased its position in shares of Vodafone Group by 47.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,013,916 shares of the cell phone carrier’s stock worth $86,590,000 after acquiring an additional 975,277 shares in the last quarter. FDx Advisors Inc. increased its position in shares of Vodafone Group by 7.6% during the third quarter. FDx Advisors Inc. now owns 173,979 shares of the cell phone carrier’s stock worth $4,951,000 after acquiring an additional 12,304 shares in the last quarter. Cetera Investment Advisers bought a new stake in shares of Vodafone Group during the second quarter worth about $1,456,000. Finally, Cable Hill Partners LLC bought a new stake in shares of Vodafone Group during the third quarter worth about $343,000. 10.23% of the stock is owned by institutional investors.

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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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