Barclays Upgrades Vodafone Group (NASDAQ:VOD) to “Overweight”

Vodafone Group (NASDAQ:VOD) was upgraded by investment analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports.

Several other research firms have also commented on VOD. Zacks Research lowered shares of Vodafone Group from a “hold” rating to a “strong sell” rating in a research note on Friday, November 14th. BNP Paribas upgraded Vodafone Group to a “strong sell” rating in a research report on Tuesday, October 21st. BNP Paribas Exane initiated coverage on Vodafone Group in a report on Tuesday, October 21st. They issued an “underperform” rating and a $8.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Vodafone Group in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered Vodafone Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $72.00.

Vodafone Group Price Performance

Shares of NASDAQ VOD opened at $12.50 on Monday. Vodafone Group has a twelve month low of $8.00 and a twelve month high of $12.76. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.17 and a quick ratio of 1.13. The firm has a 50-day moving average of $11.87 and a two-hundred day moving average of $11.35.

Hedge Funds Weigh In On Vodafone Group

Large investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Vodafone Group during the 1st quarter worth $1,117,000. Tevis Investment Management increased its stake in shares of Vodafone Group by 23.0% in the second quarter. Tevis Investment Management now owns 180,148 shares of the cell phone carrier’s stock worth $1,966,000 after purchasing an additional 33,701 shares during the period. Modern Wealth Management LLC acquired a new position in shares of Vodafone Group during the 1st quarter worth about $285,000. Arrowstreet Capital Limited Partnership boosted its stake in Vodafone Group by 22.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 27,680,971 shares of the cell phone carrier’s stock valued at $295,079,000 after purchasing an additional 5,160,095 shares during the period. Finally, Walleye Capital LLC grew its holdings in Vodafone Group by 516.1% in the 1st quarter. Walleye Capital LLC now owns 182,003 shares of the cell phone carrier’s stock valued at $1,705,000 after buying an additional 152,462 shares during the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Company Profile

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.