Wall Street Zen upgraded shares of Vodafone Group (NASDAQ:VOD – Free Report) from a hold rating to a buy rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.
Other analysts have also recently issued reports about the company. Barclays cut 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 report on Thursday, June 4th. New Street Research raised shares of Vodafone Group from a “neutral” rating to a “buy” rating in a report on Friday, July 10th. DZ Bank cut shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Finally, Zacks Research downgraded shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $10.57.
Get Our Latest Stock Analysis on Vodafone Group
Vodafone Group Stock Performance
Hedge Funds Weigh In On Vodafone Group
Several large investors have recently modified their holdings of VOD. Sei Investments Co. raised its holdings in Vodafone Group by 72.4% in the 1st quarter. Sei Investments Co. now owns 866,316 shares of the cell phone carrier’s stock valued at $13,014,000 after buying an additional 363,694 shares during the period. Merit Financial Group LLC boosted its stake in Vodafone Group by 7,003.0% during the second quarter. Merit Financial Group LLC now owns 788,577 shares of the cell phone carrier’s stock worth $10,429,000 after buying an additional 777,475 shares during the period. Robertson Stephens Wealth Management LLC acquired a new stake in shares of Vodafone Group during the fourth quarter valued at about $922,000. Gateway Investment Advisers LLC raised its stake in shares of Vodafone Group by 68.0% in the 4th quarter. Gateway Investment Advisers LLC now owns 352,038 shares of the cell phone carrier’s stock valued at $4,650,000 after acquiring an additional 142,440 shares during the period. Finally, Benjamin Edwards Inc. raised its stake in shares of Vodafone Group by 385.7% in the 2nd quarter. Benjamin Edwards Inc. now owns 85,737 shares of the cell phone carrier’s stock valued at $1,134,000 after acquiring an additional 68,086 shares during the period. Institutional investors and hedge funds own 7.84% of the company’s stock.
About Vodafone Group
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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