Vodafone Group (NASDAQ:VOD) Stock Rating Lowered by Zacks Research

Vodafone Group (NASDAQ:VOD) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

VOD has been the subject of a number of other research reports. DZ Bank lowered shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Bank of America lowered shares of Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 price target for the company. in a report on Tuesday. UBS Group raised shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Wall Street Zen lowered shares of Vodafone Group from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings raised shares of Vodafone Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 22nd. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $52.38.

Vodafone Group Stock Performance

NASDAQ VOD opened at $14.96 on Thursday. The company has a 50 day moving average of $15.26 and a 200-day moving average of $14.28. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 0.84. Vodafone Group has a 1-year low of $9.80 and a 1-year high of $16.60.

Institutional Trading of Vodafone Group

A number of institutional investors have recently bought and sold shares of VOD. Assetmark Inc. grew its holdings in Vodafone Group by 156.8% during the 4th quarter. Assetmark Inc. now owns 2,275 shares of the cell phone carrier’s stock worth $30,000 after acquiring an additional 1,389 shares during the period. Bayban grew its holdings in Vodafone Group by 6,696.7% during the 1st 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. American Capital Advisory LLC grew its holdings in Vodafone Group by 40.8% during the 4th quarter. American Capital Advisory LLC now owns 2,400 shares of the cell phone carrier’s stock worth $32,000 after acquiring an additional 696 shares during the period. Western Wealth Management LLC acquired a new stake in Vodafone Group during the 1st quarter worth $34,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of Vodafone Group by 81.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,651 shares of the cell phone carrier’s stock worth $35,000 after purchasing an additional 1,193 shares in the last quarter. 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.