Vodafone Group PLC (NASDAQ:VOD) Receives Consensus Rating of “Reduce” from Brokerages

Vodafone Group PLC (NASDAQ:VODGet Free Report) has earned an average rating of “Reduce” from the ten brokerages that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $52.3767.

VOD has been the topic of several analyst reports. Zacks Research lowered shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday. DZ Bank cut shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Weiss Ratings raised shares of Vodafone Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 22nd. Bank of America cut shares of Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 price objective for the company. in a research report on Tuesday, May 26th. Finally, UBS Group raised Vodafone Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd.

Get Our Latest Report on VOD

Hedge Funds Weigh In On Vodafone Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Assetmark Inc. lifted its holdings in shares of Vodafone Group by 156.8% in the 4th 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 in the last quarter. Bayban lifted its stake in Vodafone Group by 6,696.7% during the 1st quarter. Bayban now owns 2,039 shares of the cell phone carrier’s stock valued at $31,000 after acquiring an additional 2,009 shares in the last quarter. American Capital Advisory LLC increased its position 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 valued at $32,000 after purchasing an additional 696 shares during the last quarter. Western Wealth Management LLC purchased a new stake in shares of Vodafone Group during the 1st quarter valued at $34,000. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Vodafone Group by 81.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,651 shares of the cell phone carrier’s stock valued at $35,000 after purchasing an additional 1,193 shares during the last quarter. 7.84% of the stock is currently owned by institutional investors.

Vodafone Group Trading Up 0.2%

Shares of VOD opened at $14.96 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 0.84. Vodafone Group has a twelve month low of $9.80 and a twelve month high of $16.60. The firm’s 50 day moving average price is $15.26 and its two-hundred day moving average price is $14.28.

Vodafone Group Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, July 30th. Shareholders of record on Friday, June 5th will be given a dividend of $0.2766 per share. This represents a yield of 357.0%. The ex-dividend date of this dividend is Friday, June 5th.

About Vodafone Group

(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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Analyst Recommendations for Vodafone Group (NASDAQ:VOD)

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