Zacks Investment Research upgraded shares of Vodafone (NASDAQ:VOD) from a strong sell rating to a hold rating in a research note released on Saturday.
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. “
Other equities analysts also recently issued reports about the company. Numis Securities raised Vodafone from an add rating to a buy rating in a report on Monday, February 5th. BidaskClub downgraded Vodafone from a hold rating to a sell rating in a report on Monday, May 14th. Bank of America reissued a buy rating and issued a $37.26 price objective on shares of Vodafone in a report on Monday, February 5th. ValuEngine raised Vodafone from a hold rating to a buy rating in a report on Thursday, March 15th. Finally, Citigroup raised Vodafone from a neutral rating to a buy rating in a report on Wednesday, April 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $31.76.
Shares of Vodafone opened at $26.54 on Friday, according to Marketbeat. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.97 and a quick ratio of 0.96. The company has a market capitalization of $70.45 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 1.38 and a beta of 0.81. Vodafone has a 52-week low of $26.22 and a 52-week high of $32.75.
The company also recently disclosed a semiannual dividend, which will be paid on Friday, August 3rd. Stockholders of record on Friday, June 8th will be issued a $1.2237 dividend. This is an increase from Vodafone’s previous semiannual dividend of $0.56. This represents a dividend yield of 9.2%. The ex-dividend date of this dividend is Thursday, June 7th. Vodafone’s dividend payout ratio is presently 127.21%.
Several hedge funds have recently bought and sold shares of VOD. Atria Investments LLC boosted its holdings in shares of Vodafone by 63.0% in the fourth quarter. Atria Investments LLC now owns 16,728 shares of the cell phone carrier’s stock valued at $534,000 after acquiring an additional 6,467 shares during the period. Bank of Montreal Can lifted its holdings in shares of Vodafone by 30.2% during the fourth quarter. Bank of Montreal Can now owns 610,113 shares of the cell phone carrier’s stock worth $19,462,000 after purchasing an additional 141,442 shares during the period. Creative Planning lifted its holdings in shares of Vodafone by 4.8% during the fourth quarter. Creative Planning now owns 48,111 shares of the cell phone carrier’s stock worth $1,535,000 after purchasing an additional 2,212 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Vodafone during the fourth quarter worth $827,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Vodafone by 33.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 60,975 shares of the cell phone carrier’s stock worth $1,945,000 after purchasing an additional 15,409 shares during the period. 10.84% of the stock is owned by institutional investors and hedge funds.
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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