Vodafone Group PLC (NASDAQ:VOD) Receives Consensus Rating of “Reduce” from Analysts

Shares of Vodafone Group PLC (NASDAQ:VOD) have received an average rating of “Reduce” from the ten research firms that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $52.3767.

Several research firms have recently weighed in on VOD. DZ Bank lowered shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Bank of America cut Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 price target for the company. in a report on Tuesday, May 26th. Zacks Research downgraded Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Barclays lowered Vodafone Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday, June 11th. Finally, Wall Street Zen upgraded Vodafone Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 31st.

Vodafone Group Trading Down 0.7%

NASDAQ:VOD opened at $15.15 on Monday. Vodafone Group has a 52-week low of $10.66 and a 52-week high of $16.60. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 0.84. The stock’s 50-day simple moving average is $14.61 and its 200 day simple moving average is $14.82.

Vodafone Group Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, July 30th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.2766 per share. This represents a dividend yield of 376.0%. The ex-dividend date is Friday, June 5th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Bayban increased its position in shares of Vodafone Group by 6,696.7% in the first quarter. Bayban now owns 2,039 shares of the cell phone carrier’s stock worth $31,000 after purchasing an additional 2,009 shares during the period. Assetmark Inc. boosted its stake in shares of Vodafone Group by 156.8% in the 4th quarter. Assetmark Inc. now owns 2,275 shares of the cell phone carrier’s stock valued at $30,000 after purchasing an additional 1,389 shares in the last quarter. Western Wealth Management LLC bought a new stake in shares of Vodafone Group during the 1st quarter valued at approximately $34,000. American Capital Advisory LLC lifted its stake in Vodafone Group by 40.8% in the 4th quarter. American Capital Advisory LLC now owns 2,400 shares of the cell phone carrier’s stock valued at $32,000 after purchasing an additional 696 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in Vodafone Group by 81.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,651 shares of the cell phone carrier’s stock valued at $35,000 after buying an additional 1,193 shares in the last quarter. 7.84% of the stock is owned by institutional investors.

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.