Vodafone Group (NASDAQ:VOD) Upgraded at Wall Street Zen

Vodafone Group (NASDAQ:VOD) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Sunday.

VOD has been the topic of several other reports. DZ Bank lowered Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Zacks Research lowered Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Weiss Ratings upgraded Vodafone Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 22nd. UBS Group upgraded Vodafone Group from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Finally, Bank of America lowered Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 price objective on the stock. in a research report on Tuesday, May 26th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $52.38.

Vodafone Group Stock Up 0.2%

Shares of NASDAQ VOD opened at $14.96 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.11 and a current ratio of 1.14. The stock’s 50-day simple moving average is $15.26 and its two-hundred day simple moving average is $14.28. Vodafone Group has a twelve month low of $9.80 and a twelve month high of $16.60.

Institutional Investors Weigh In On Vodafone Group

Several institutional investors and hedge funds have recently bought and sold shares of VOD. AQR Capital Management LLC lifted its holdings in Vodafone Group by 21.4% in the 1st quarter. AQR Capital Management LLC now owns 66,351 shares of the cell phone carrier’s stock worth $622,000 after buying an additional 11,703 shares during the period. Empowered Funds LLC lifted its holdings in Vodafone Group by 1.9% in the 1st quarter. Empowered Funds LLC now owns 296,581 shares of the cell phone carrier’s stock worth $2,779,000 after buying an additional 5,592 shares during the period. Focus Partners Wealth lifted its holdings in Vodafone Group by 19.7% in the 1st quarter. Focus Partners Wealth now owns 20,830 shares of the cell phone carrier’s stock worth $195,000 after buying an additional 3,435 shares during the period. M&T Bank Corp lifted its holdings in Vodafone Group by 13.4% in the 2nd quarter. M&T Bank Corp now owns 19,278 shares of the cell phone carrier’s stock worth $206,000 after buying an additional 2,285 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in Vodafone Group in the 2nd quarter worth approximately $140,000. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Vodafone Group Company Profile

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.