Shares of Vodafone Group PLC (NASDAQ:VOD – Get Free Report) have been given an average recommendation of “Hold” by the ten research firms that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $10.5650.
A number of equities research analysts have weighed in on VOD shares. Weiss Ratings restated a “sell (d+)” rating on shares of Vodafone Group in a report on Tuesday, September 1st. The Goldman Sachs Group upgraded shares of Vodafone Group from a “sell” rating to a “buy” rating in a report on Friday, September 4th. Zacks Research downgraded Vodafone Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. Barclays lowered Vodafone Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, June 11th. Finally, Bank of America cut Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 price objective for the company. in a research note on Tuesday, May 26th.
Check Out Our Latest Report on VOD
Vodafone Group Price Performance
Institutional Trading of Vodafone Group
Several institutional investors have recently bought and sold shares of VOD. Bayban grew its stake in shares of Vodafone Group by 6,696.7% in the first quarter. Bayban now owns 2,039 shares of the cell phone carrier’s stock worth $31,000 after acquiring an additional 2,009 shares during the period. Western Wealth Management LLC bought a new position in Vodafone Group during the first quarter valued at approximately $34,000. Assetmark Inc. lifted its position in Vodafone Group by 31.5% during the first quarter. Assetmark Inc. now owns 2,992 shares of the cell phone carrier’s stock valued at $45,000 after purchasing an additional 717 shares during the period. Manchester Capital Management LLC boosted its holdings in Vodafone Group by 207.6% in the fourth quarter. Manchester Capital Management LLC now owns 3,282 shares of the cell phone carrier’s stock worth $43,000 after purchasing an additional 2,215 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in Vodafone Group in the 2nd quarter worth approximately $45,000. 7.84% of the stock is owned by hedge funds and other institutional investors.
About Vodafone Group
Vodafone Group Plc is a British multinational telecommunications company that provides mobile and fixed-line connectivity, broadband, voice, messaging and related digital services. Its offerings serve individual consumers, households, businesses and public-sector organizations, with services delivered through local Vodafone operations and partner networks.
The company also provides enterprise communications and technology solutions, including cloud and hosting services, cybersecurity, the Internet of Things, unified communications and managed connectivity.
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