Vodafone Group PLC (NASDAQ:VOD) Receives Average Recommendation of “Reduce” from Brokerages

Vodafone Group PLC (NASDAQ:VOD – Get Free Report) has been given a consensus recommendation of “Reduce” by the ten ratings firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $52.3767.

A number of brokerages have weighed in on VOD. Barclays lowered shares of Vodafone Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 11th. Weiss Ratings lowered Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 4th. New Street Research upgraded Vodafone Group from a “neutral” rating to a “buy” rating in a report on Friday, July 10th. Wall Street Zen raised Vodafone Group from a “sell” rating to a “hold” rating in a research report on Sunday, May 31st. Finally, Zacks Research lowered Vodafone Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th.

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Institutional Trading of Vodafone Group

A number of hedge funds have recently made changes to their positions in VOD. Robertson Stephens Wealth Management LLC purchased a new stake in shares of Vodafone Group in the fourth quarter valued at $922,000. Gateway Investment Advisers LLC grew its holdings in shares of Vodafone Group by 68.0% during the fourth quarter. Gateway Investment Advisers LLC now owns 352,038 shares of the cell phone carrier’s stock valued at $4,650,000 after buying an additional 142,440 shares in the last quarter. Shrier Wealth Management LLC acquired a new position in Vodafone Group during the fourth quarter valued at $1,002,000. Capital Wealth Planning LLC lifted its stake in Vodafone Group by 87.2% in the 4th quarter. Capital Wealth Planning LLC now owns 1,028,112 shares of the cell phone carrier’s stock worth $13,715,000 after acquiring an additional 478,977 shares in the last quarter. Finally, Transmarket Holdings LP boosted its position in Vodafone Group by 137.3% during the 1st quarter. Transmarket Holdings LP now owns 235,689 shares of the cell phone carrier’s stock worth $3,540,000 after acquiring an additional 136,358 shares during the period. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Stock Performance

Shares of VOD opened at $15.15 on Monday. Vodafone Group has a 1 year low of $10.66 and a 1 year high of $16.60. The company’s 50 day simple moving average is $14.61 and its 200 day simple moving average is $14.83. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.11.

Vodafone Group Announces Dividend

The company also recently declared a dividend, which will be paid on Thursday, July 30th. Investors of record on Friday, June 5th will be issued a dividend of $0.2766 per share. This represents a yield of 376.0%. The ex-dividend date of this dividend is Friday, June 5th.

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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