Vodafone Group (VOD) Lifted to “Buy” at Standpoint Research

Vodafone Group (NASDAQ:VOD) was upgraded by Standpoint Research from a “reduce” rating to a “buy” rating in a research note issued on Tuesday, Marketbeat Ratings reports.

A number of other research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Vodafone Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Citigroup upgraded shares of Vodafone Group from a “neutral” rating to a “buy” rating in a research report on Thursday, September 6th. Sanford C. Bernstein upgraded shares of Vodafone Group from a “market perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a research report on Tuesday, September 4th. Bank of America downgraded shares of Vodafone Group from a “buy” rating to a “neutral” rating in a research report on Thursday, August 30th. Finally, BidaskClub downgraded shares of Vodafone Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Vodafone Group has a consensus rating of “Buy” and a consensus price target of $33.36.

Shares of Vodafone Group stock traded down $0.03 during trading hours on Tuesday, reaching $21.62. The company’s stock had a trading volume of 138,507 shares, compared to its average volume of 6,280,507. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 0.97. Vodafone Group has a one year low of $21.13 and a one year high of $32.75. The company has a market cap of $57.22 billion, a P/E ratio of 15.83, a PEG ratio of 1.71 and a beta of 0.84.

A number of large investors have recently modified their holdings of VOD. Quantitative Systematic Strategies LLC acquired a new position in Vodafone Group during the 3rd quarter valued at about $1,316,000. Oppenheimer & Co. Inc. grew its stake in shares of Vodafone Group by 13.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 126,393 shares of the cell phone carrier’s stock worth $3,685,000 after purchasing an additional 15,281 shares during the last quarter. Miller Howard Investments Inc. NY grew its stake in shares of Vodafone Group by 14.6% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 1,979,669 shares of the cell phone carrier’s stock worth $61,152,000 after purchasing an additional 251,744 shares during the last quarter. Private Wealth Partners LLC grew its stake in shares of Vodafone Group by 15.9% in the 2nd quarter. Private Wealth Partners LLC now owns 358,030 shares of the cell phone carrier’s stock worth $11,060,000 after purchasing an additional 49,150 shares during the last quarter. Finally, Gofen & Glossberg LLC IL grew its stake in shares of Vodafone Group by 31.1% in the 4th quarter. Gofen & Glossberg LLC IL now owns 117,725 shares of the cell phone carrier’s stock worth $4,023,000 after purchasing an additional 27,913 shares during the last quarter. Hedge funds and other institutional investors own 10.08% of the company’s stock.

About Vodafone Group

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

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Analyst Recommendations for Vodafone Group (NASDAQ:VOD)

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