Vodafone Group (NASDAQ:VOD) was upgraded by equities research analysts at Raymond James Financial from a “market perform” rating to a “strong-buy” rating in a note issued to investors on Wednesday, January 17th, MarketBeat.com reports.
Several other equities research analysts have also issued reports on VOD. Barclays upgraded shares of Vodafone Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, December 8th. UBS Group reiterated a “buy” rating on shares of Vodafone Group in a research report on Friday, October 27th. Zacks Investment Research upgraded shares of Vodafone Group from a “sell” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Friday, November 17th. Goldman Sachs Group restated a “buy” rating on shares of Vodafone Group in a research report on Thursday, November 23rd. Finally, BidaskClub downgraded shares of Vodafone Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $33.32.
Shares of Vodafone Group (NASDAQ VOD) traded up $0.14 during trading on Wednesday, hitting $28.54. 8,358,285 shares of the stock were exchanged, compared to its average volume of 4,150,000. Vodafone Group has a twelve month low of $24.68 and a twelve month high of $32.75. The firm has a market capitalization of $74,470.00, a PE ratio of -75.11, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.95.
Several institutional investors and hedge funds have recently modified their holdings of the company. First Republic Investment Management Inc. grew its stake in shares of Vodafone Group by 20.4% during the 4th quarter. First Republic Investment Management Inc. now owns 120,649 shares of the cell phone carrier’s stock worth $3,849,000 after acquiring an additional 20,454 shares in the last quarter. ACR Alpine Capital Research LLC acquired a new stake in shares of Vodafone Group in the 4th quarter valued at approximately $122,059,000. Vantage Financial Partners Ltd. Inc. boosted its holdings in shares of Vodafone Group by 13.6% in the 4th quarter. Vantage Financial Partners Ltd. Inc. now owns 23,381 shares of the cell phone carrier’s stock valued at $747,000 after buying an additional 2,800 shares during the last quarter. Synovus Financial Corp boosted its holdings in shares of Vodafone Group by 12.0% in the 4th quarter. Synovus Financial Corp now owns 17,765 shares of the cell phone carrier’s stock valued at $566,000 after buying an additional 1,898 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its holdings in shares of Vodafone Group by 60.9% in the 4th quarter. Proficio Capital Partners LLC now owns 4,641 shares of the cell phone carrier’s stock valued at $148,000 after buying an additional 1,757 shares during the last quarter. 10.35% 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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