Vodafone Group (NASDAQ:VOD) Stock Bumped Up to “Hold” by Zacks Research

Vodafone Group (NASDAQ:VOD) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks reports.

Other research analysts have also issued research reports about the company. Barclays lowered Vodafone Group from an “equal weight” rating to an “underweight” rating in a report on Tuesday, October 20th. The Goldman Sachs Group upgraded Vodafone Group from a “sell” rating to a “buy” rating in a report on Friday, September 4th. Weiss Ratings lowered Vodafone Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 30th. Wall Street Zen cut Vodafone Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 22nd. Finally, JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of Vodafone Group in a report on Monday, July 27th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Vodafone Group currently has a consensus rating of “Hold” and an average price target of $13.13.

Vodafone Group Trading Up 4.2%

VOD stock opened at $16.28 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.84. The business has a 50-day simple moving average of $16.35 and a two-hundred day simple moving average of $15.40. Vodafone Group has a 52-week low of $11.21 and a 52-week high of $17.71.

Institutional Investors Weigh In On Vodafone Group

Several large investors have recently made changes to their positions in VOD. Sei Investments Co. raised its stake in shares of Vodafone Group by 72.4% in the first 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 lifted its position in shares of Vodafone Group by 7,003.0% during the 2nd quarter. Merit Financial Group LLC now owns 788,577 shares of the cell phone carrier’s stock valued at $10,429,000 after buying an additional 777,475 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Vodafone Group by 313.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 107,388 shares of the cell phone carrier’s stock valued at $1,420,000 after buying an additional 81,393 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of Vodafone Group by 415.8% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 52,829 shares of the cell phone carrier’s stock worth $699,000 after acquiring an additional 42,587 shares during the period. Finally, Three Seasons Wealth LLC grew its stake in shares of Vodafone Group by 972.1% during the 2nd quarter. Three Seasons Wealth LLC now owns 165,685 shares of the cell phone carrier’s stock worth $2,191,000 after acquiring an additional 150,231 shares during the period. 7.84% of the stock is owned by hedge funds and other institutional investors.

About Vodafone Group

Vodafone Group Plc is a telecommunications company headquartered in Newbury, England. It provides mobile and fixed-line connectivity, broadband, voice and messaging services, digital communications, and related technology solutions to consumers, businesses, and public-sector organizations.

The company operates primarily across Europe and Africa. Its consumer businesses offer mobile plans, home broadband, television and other digital services, while Vodafone Business provides connectivity, cloud, cybersecurity, Internet of Things, unified communications, and managed technology services.