Vodafone Group (NASDAQ:VOD – Get Free Report) was downgraded by analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Thursday.
Several other brokerages have also issued reports on VOD. Weiss Ratings lowered shares of Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 4th. Bank of America cut shares of Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 price target on the stock. in a research report on Tuesday, May 26th. Zacks Research lowered shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. UBS Group raised Vodafone Group from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Finally, Wall Street Zen raised shares of Vodafone Group from a “sell” rating to a “hold” rating in a research report on Sunday, May 31st. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Vodafone Group has an average rating of “Reduce” and an average price target of $52.38.
Check Out Our Latest Research Report on VOD
Vodafone Group Price Performance
Institutional Investors Weigh In On Vodafone Group
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. American Capital Advisory LLC lifted 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 acquiring an additional 696 shares during the period. RNC Capital Management LLC increased its stake in shares of Vodafone Group by 1.3% during the 4th quarter. RNC Capital Management LLC now owns 53,804 shares of the cell phone carrier’s stock valued at $711,000 after acquiring an additional 713 shares during the last quarter. Valeo Financial Advisors LLC increased its holdings in shares of Vodafone Group by 4.2% during the 4th quarter. Valeo Financial Advisors LLC now owns 17,603 shares of the cell phone carrier’s stock worth $233,000 after buying an additional 713 shares during the last quarter. Assetmark Inc. raised its holdings in Vodafone Group by 31.5% in the first quarter. Assetmark Inc. now owns 2,992 shares of the cell phone carrier’s stock valued at $45,000 after buying an additional 717 shares during the period. Finally, Larson Financial Group LLC raised its position in Vodafone Group by 28.3% in the fourth quarter. Larson Financial Group LLC now owns 3,524 shares of the cell phone carrier’s stock valued at $47,000 after purchasing an additional 778 shares during the period. Institutional investors and hedge funds own 7.84% of the company’s stock.
Vodafone Group Company Profile
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.
Recommended Stories
- Five stocks we like better than Vodafone Group
- Wolfspeed Ditches EV Woes for High-Margin Defense Jets
- Casey’s Is Looking Like a Hot Buy as Growth, Buybacks, and Guidance Align
- The “Duck Stock” Keeps Quietly Making Money for Shareholders
- As Shares Fall, Analyst Are Boosting their Broadcom Price Targets
Receive News & Ratings for Vodafone Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vodafone Group and related companies with MarketBeat.com's FREE daily email newsletter.
