Vodafone Group’s (VOD) “Sell (D+)” Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their sell (d+) rating on shares of Vodafone Group (NASDAQ:VOD) in a research note published on Friday,Weiss Ratings reports.

A number of other brokerages have also weighed in on VOD. Berenberg Bank upgraded shares of Vodafone Group to a “hold” rating in a report on Thursday, June 26th. The Goldman Sachs Group cut Vodafone Group from a “neutral” rating to a “sell” rating and set a $136.00 price target for the company. in a research note on Thursday, July 31st. BNP Paribas Exane assumed coverage on Vodafone Group in a research report on Tuesday, October 21st. They set an “underperform” rating and a $8.00 price objective on the stock. Morgan Stanley assumed coverage on Vodafone Group in a research report on Wednesday, July 2nd. They issued an “equal weight” rating for the company. Finally, Zacks Research raised shares of Vodafone Group to a “hold” rating in a report on Tuesday, August 12th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, Vodafone Group has a consensus rating of “Reduce” and a consensus target price of $72.00.

Vodafone Group Stock Up 0.6%

Shares of Vodafone Group stock opened at $11.73 on Friday. The company has a 50-day simple moving average of $11.62 and a two-hundred day simple moving average of $10.74. The stock has a market capitalization of $28.14 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 0.27 and a beta of 0.62. Vodafone Group has a 52-week low of $8.00 and a 52-week high of $12.06. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26.

Hedge Funds Weigh In On Vodafone Group

Several institutional investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership grew its position in Vodafone Group by 22.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 27,680,971 shares of the cell phone carrier’s stock valued at $295,079,000 after buying an additional 5,160,095 shares during the period. ACR Alpine Capital Research LLC boosted its stake in shares of Vodafone Group by 0.7% during the 2nd quarter. ACR Alpine Capital Research LLC now owns 25,866,761 shares of the cell phone carrier’s stock worth $275,740,000 after acquiring an additional 169,833 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Vodafone Group by 116.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,076,148 shares of the cell phone carrier’s stock valued at $86,092,000 after acquiring an additional 4,352,389 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Vodafone Group by 1.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 5,499,770 shares of the cell phone carrier’s stock worth $51,533,000 after purchasing an additional 69,986 shares in the last quarter. Finally, SALT Holding Corp. raised its holdings in Vodafone Group by 3,039.6% in the 2nd quarter. SALT Holding Corp. now owns 3,623,500 shares of the cell phone carrier’s stock worth $38,627,000 after purchasing an additional 3,508,086 shares during the period. Institutional investors own 7.84% of the company’s stock.

Vodafone Group Company Profile

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.