Vodafone Group (NASDAQ:VOD) Sees Large Volume Increase – Still a Buy?

Shares of Vodafone Group PLC (NASDAQ:VODGet Free Report) saw unusually-strong trading volume on Thursday . Approximately 12,705,023 shares traded hands during mid-day trading, an increase of 146% from the previous session’s volume of 5,170,830 shares.The stock last traded at $14.6850 and had previously closed at $15.71.

Vodafone Group News Summary

Here are the key news stories impacting Vodafone Group this week:

Analysts Set New Price Targets

Several research firms have weighed in on VOD. BNP Paribas Exane upgraded Vodafone Group to a “strong sell” rating in a research note on Tuesday, October 21st. Zacks Research raised shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. UBS Group reissued a “sell” rating on shares of Vodafone Group in a report on Monday, November 3rd. Berenberg Bank upgraded Vodafone Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 7th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Vodafone Group in a report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $72.00.

View Our Latest Analysis on Vodafone Group

Vodafone Group Trading Down 6.7%

The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 1.17. The company has a 50 day simple moving average of $13.35 and a two-hundred day simple moving average of $12.23.

Vodafone Group Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, November 24th will be given a $0.2567 dividend. The ex-dividend date is Monday, November 24th. This represents a yield of 434.0%.

Institutional Investors Weigh In On Vodafone Group

Several institutional investors have recently made changes to their positions in the company. Assetmark Inc. lifted its stake in Vodafone Group by 156.8% in the fourth quarter. Assetmark Inc. now owns 2,275 shares of the cell phone carrier’s stock worth $30,000 after purchasing an additional 1,389 shares during the last quarter. American Capital Advisory LLC lifted its stake in shares of Vodafone Group by 40.8% during the 4th quarter. American Capital Advisory LLC now owns 2,400 shares of the cell phone carrier’s stock worth $32,000 after acquiring an additional 696 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in Vodafone Group by 3,455.7% during the 3rd quarter. Sound Income Strategies LLC now owns 3,449 shares of the cell phone carrier’s stock valued at $39,000 after acquiring an additional 3,352 shares during the period. CIBC Private Wealth Group LLC increased its stake 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 purchasing an additional 946 shares during the period. Finally, CENTRAL TRUST Co lifted its position in shares of Vodafone Group by 129.6% during the fourth quarter. CENTRAL TRUST Co now owns 3,915 shares of the cell phone carrier’s stock worth $52,000 after purchasing an additional 2,210 shares during the last quarter. Institutional investors own 7.84% of the company’s stock.

Vodafone Group Company Profile

(Get Free Report)

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.

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