Vodafone Group (NASDAQ:VOD) Shares Gap Down – Here’s What Happened

Shares of Vodafone Group PLC (NASDAQ:VOD) gapped down prior to trading on Monday . The stock had previously closed at $12.11, but opened at $11.72. Vodafone Group shares last traded at $11.8350, with a volume of 1,033,173 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on VOD. Weiss Ratings reissued a “sell (d+)” rating on shares of Vodafone Group in a research note on Wednesday, October 8th. Wall Street Zen lowered Vodafone Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. BNP Paribas Exane began coverage on Vodafone Group in a research note on Tuesday, October 21st. They issued an “underperform” rating and a $8.00 price target on the stock. The Goldman Sachs Group cut shares of Vodafone Group from a “neutral” rating to a “sell” rating and set a $136.00 target price on the stock. in a research report on Thursday, July 31st. Finally, UBS Group restated a “sell” rating on shares of Vodafone Group in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and seven have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Sell” and a consensus target price of $72.00.

Vodafone Group Trading Down 2.4%

The stock’s 50 day moving average is $11.66 and its 200 day moving average is $11.12. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85.

Vodafone Group Announces Dividend

The company also recently declared a dividend, which will be paid on Thursday, February 5th. Stockholders of record on Monday, November 24th will be given a dividend of $0.2567 per share. The ex-dividend date is Monday, November 24th. This represents a dividend yield of 433.0%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in Vodafone Group in the 2nd quarter valued at about $25,000. Atwood & Palmer Inc. bought a new stake in shares of Vodafone Group in the 2nd quarter worth approximately $27,000. Sound Income Strategies LLC lifted its stake in Vodafone Group by 3,455.7% during the third quarter. Sound Income Strategies LLC now owns 3,449 shares of the cell phone carrier’s stock valued at $39,000 after purchasing an additional 3,352 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in Vodafone Group by 38.0% in the third quarter. CIBC Private Wealth Group LLC now owns 3,435 shares of the cell phone carrier’s stock worth $40,000 after buying an additional 946 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Vodafone Group by 49.7% in the second quarter. GAMMA Investing LLC now owns 6,632 shares of the cell phone carrier’s stock valued at $71,000 after buying an additional 2,201 shares in the last quarter. 7.84% of the stock is owned by institutional investors and hedge funds.

Vodafone Group Company Profile

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.