Vodafone Group (NASDAQ:VOD) Raised to “Buy” at Wall Street Zen

Vodafone Group (NASDAQ:VOD) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other brokerages also recently commented on VOD. Weiss Ratings reissued a “sell (d+)” rating on shares of Vodafone Group in a research note on Friday. Morgan Stanley assumed coverage on Vodafone Group in a research note on Wednesday, July 2nd. They set an “equal weight” rating for the company. BNP Paribas upgraded Vodafone Group to a “strong sell” rating in a research note on Tuesday, October 21st. Zacks Research raised shares of Vodafone Group to a “hold” rating in a research report on Tuesday, August 12th. Finally, The Goldman Sachs Group downgraded shares of Vodafone Group from a “neutral” rating to a “sell” rating and set a $136.00 price objective on the stock. in a research report on Thursday, July 31st. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $72.00.

Vodafone Group Trading Up 0.6%

NASDAQ:VOD opened at $11.73 on Friday. The firm has a 50-day simple moving average of $11.62 and a 200-day simple moving average of $10.74. Vodafone Group has a one year low of $8.00 and a one year high of $12.06. The firm has a market cap of $28.14 billion, a P/E ratio of 10.38, a P/E/G ratio of 0.27 and a beta of 0.62. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26.

Institutional Trading of Vodafone Group

Large investors have recently bought and sold shares of the stock. Perigon Wealth Management LLC raised its holdings in shares of Vodafone Group by 20.9% in the first quarter. Perigon Wealth Management LLC now owns 40,946 shares of the cell phone carrier’s stock worth $384,000 after buying an additional 7,079 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in Vodafone Group in the 1st quarter worth $125,000. Waterfront Wealth Inc. lifted its position in Vodafone Group by 54.2% during the 1st quarter. Waterfront Wealth Inc. now owns 373,681 shares of the cell phone carrier’s stock worth $3,501,000 after acquiring an additional 131,291 shares during the period. Checchi Capital Advisers LLC purchased a new stake in Vodafone Group during the 1st quarter valued at about $122,000. Finally, Wayfinding Financial LLC acquired a new position in shares of Vodafone Group in the first quarter valued at about $31,000. Hedge funds and other institutional investors own 7.84% of the company’s stock.

About Vodafone Group

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.