ValuEngine upgraded shares of Vodafone Group (NASDAQ:VOD) from a hold rating to a buy rating in a research note released on Thursday.
A number of other research analysts have also recently issued reports on VOD. BidaskClub raised shares of Vodafone Group from a hold rating to a buy rating in a report on Tuesday, January 9th. Zacks Investment Research cut shares of Vodafone Group from a buy rating to a hold rating in a report on Sunday, January 21st. Raymond James Financial raised shares of Vodafone Group from a market perform rating to a strong-buy rating in a report on Wednesday, January 17th. BNP Paribas raised shares of Vodafone Group from a neutral rating to an outperform rating and dropped their target price for the company from $28.67 to $28.56 in a report on Wednesday, March 7th. Finally, Bank of America reaffirmed a buy rating and issued a $37.26 target price on shares of Vodafone Group in a report on Monday, February 5th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Vodafone Group has a consensus rating of Buy and a consensus target price of $32.36.
VOD stock opened at $28.50 on Thursday. Vodafone Group has a 1-year low of $25.54 and a 1-year high of $32.75. 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 hedge funds have recently added to or reduced their stakes in VOD. Truewealth LLC acquired a new stake in shares of Vodafone Group in the fourth quarter valued at approximately $142,000. Proficio Capital Partners LLC grew its position in shares of Vodafone Group by 60.9% in the fourth quarter. Proficio Capital Partners LLC now owns 4,641 shares of the cell phone carrier’s stock valued at $148,000 after purchasing an additional 1,757 shares during the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in shares of Vodafone Group in the third quarter valued at approximately $151,000. Global Trust Asset Management LLC acquired a new stake in shares of Vodafone Group in the fourth quarter valued at approximately $171,000. Finally, Bank of Nova Scotia Trust Co. acquired a new stake in shares of Vodafone Group in the third quarter valued at approximately $172,000. Institutional investors and hedge funds own 10.92% of the company’s stock.
Vodafone Group Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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