Cypress Capital Group Purchases New Holdings in Vodafone Group PLC $VOD

Cypress Capital Group bought a new stake in Vodafone Group PLC (NASDAQ:VOD) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,262 shares of the cell phone carrier’s stock, valued at approximately $141,000.

Other hedge funds have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Vodafone Group in the first quarter valued at $1,117,000. Modern Wealth Management LLC bought a new stake in shares of Vodafone Group in the first quarter valued at $285,000. Sequoia Financial Advisors LLC bought a new stake in shares of Vodafone Group in the first quarter valued at $125,000. Walleye Capital LLC raised its stake in shares of Vodafone Group by 516.1% in the first quarter. Walleye Capital LLC now owns 182,003 shares of the cell phone carrier’s stock valued at $1,705,000 after buying an additional 152,462 shares during the period. Finally, Summit Securities Group LLC raised its stake in shares of Vodafone Group by 4,239.6% in the first quarter. Summit Securities Group LLC now owns 47,736 shares of the cell phone carrier’s stock valued at $447,000 after buying an additional 46,636 shares during the period. 7.84% of the stock is currently owned by institutional investors.

Vodafone Group Price Performance

NASDAQ:VOD opened at $11.17 on Tuesday. The firm has a market capitalization of $26.80 billion, a price-to-earnings ratio of 9.80, a P/E/G ratio of 0.54 and a beta of 0.62. Vodafone Group PLC has a 52-week low of $8.00 and a 52-week high of $12.06. The stock has a fifty day moving average of $11.59 and a 200 day moving average of $10.57. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on VOD shares. Zacks Research upgraded Vodafone Group to a “hold” rating in a research report on Tuesday, August 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Vodafone Group in a research report on Wednesday, October 8th. 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 report on Thursday, July 31st. Morgan Stanley started coverage on Vodafone Group in a research report on Wednesday, July 2nd. They issued an “equal weight” rating for the company. Finally, Berenberg Bank upgraded Vodafone Group to a “hold” rating in a research report on Thursday, June 26th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $136.00.

Vodafone Group 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.