Zacks Investment Research Lowers Vodafone (VOD) to Sell

Zacks Investment Research downgraded shares of Vodafone (NASDAQ:VOD) from a hold rating to a sell rating in a report released on Friday morning.

According to Zacks, “Vodafone AirTouch Plc is the world’s largest international mobile communications firm. Their primary operation is in digital and analog cellular telephone networks of Vodafone. “

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Several other brokerages also recently weighed in on VOD. BidaskClub raised Vodafone from a hold rating to a buy rating in a report on Tuesday, January 9th. Raymond James Financial raised Vodafone from a market perform rating to a strong-buy rating in a report on Wednesday, January 17th. Numis Securities raised Vodafone from an add rating to a buy rating in a report on Monday, February 5th. Bank of America reaffirmed a buy rating and set a $37.26 price target on shares of Vodafone in a report on Monday, February 5th. Finally, BNP Paribas raised Vodafone from a neutral rating to an outperform rating and decreased their price target for the stock from $28.67 to $28.56 in a report on Wednesday, March 7th. Two analysts have rated the stock with a sell rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $31.76.

Shares of NASDAQ VOD opened at $29.77 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.95. Vodafone has a 1-year low of $25.78 and a 1-year high of $32.75. The firm has a market cap of $79,329.46, a P/E ratio of 33.45, a P/E/G ratio of 2.10 and a beta of 0.83.

A number of large investors have recently added to or reduced their stakes in the business. Bremer Trust National Association raised its position in Vodafone by 11.9% in the fourth quarter. Bremer Trust National Association now owns 15,908 shares of the cell phone carrier’s stock worth $508,000 after acquiring an additional 1,698 shares in the last quarter. American International Group Inc. raised its position in Vodafone by 7.0% in the third quarter. American International Group Inc. now owns 26,250 shares of the cell phone carrier’s stock worth $747,000 after acquiring an additional 1,709 shares in the last quarter. Proficio Capital Partners LLC raised its position in Vodafone by 60.9% in the fourth quarter. Proficio Capital Partners LLC now owns 4,641 shares of the cell phone carrier’s stock worth $148,000 after acquiring an additional 1,757 shares in the last quarter. Hardman Johnston Global Advisors LLC raised its position in Vodafone by 4.3% in the fourth quarter. Hardman Johnston Global Advisors LLC now owns 44,737 shares of the cell phone carrier’s stock worth $1,427,000 after acquiring an additional 1,858 shares in the last quarter. Finally, Synovus Financial Corp raised its position in Vodafone by 12.0% in the fourth quarter. Synovus Financial Corp now owns 17,765 shares of the cell phone carrier’s stock worth $566,000 after acquiring an additional 1,898 shares in the last quarter. Hedge funds and other institutional investors own 10.92% of the company’s stock.

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Vodafone Company Profile

Vodafone Group Plc operates as a telecommunications company worldwide. The company offers voice, messaging, and data services across mobile and fixed networks; broadband and TV services; cloud and hosting for storing data and applications in the cloud, as well as Internet protocol-virtual private network services; roaming services; and converged communication services to small businesses and large multinational companies.

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