Vodafone Group (NASDAQ:VOD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Vodafone Group (NASDAQ:VOD) from a hold rating to a buy rating in a research report sent to investors on Monday morning,Wall Street Zen reports.

Other research analysts have also issued research reports about the company. Zacks Research lowered Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. New Street Research upgraded shares of Vodafone Group from a “neutral” rating to a “buy” rating in a research report on Friday, July 10th. Barclays cut shares of Vodafone Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday, June 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Vodafone Group in a research note on Tuesday, September 1st. Finally, The Goldman Sachs Group upgraded shares of Vodafone Group from a “sell” rating to a “buy” rating in a research note on Friday, September 4th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.57.

Vodafone Group Stock Down 1.2%

VOD opened at $17.46 on Monday. Vodafone Group has a 52 week low of $11.12 and a 52 week high of $17.71. The business has a 50 day moving average price of $16.04 and a two-hundred day moving average price of $15.28. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 0.84.

Hedge Funds Weigh In On Vodafone Group

Large investors have recently made changes to their positions in the stock. ACR Alpine Capital Research LLC boosted its holdings in Vodafone Group by 3.0% during the first quarter. ACR Alpine Capital Research LLC now owns 26,854,952 shares of the cell phone carrier’s stock worth $403,361,000 after buying an additional 784,305 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Vodafone Group by 1.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 15,286,509 shares of the cell phone carrier’s stock worth $201,935,000 after acquiring an additional 182,574 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Vodafone Group by 9,637.5% in the 4th quarter. Bank of New York Mellon Corp now owns 8,902,486 shares of the cell phone carrier’s stock worth $117,602,000 after acquiring an additional 8,811,061 shares during the period. ABC Arbitrage SA increased its stake in Vodafone Group by 3.1% in the 1st quarter. ABC Arbitrage SA now owns 3,326,511 shares of the cell phone carrier’s stock valued at $49,964,000 after purchasing an additional 98,922 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in Vodafone Group by 6.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,446,646 shares of the cell phone carrier’s stock valued at $19,110,000 after purchasing an additional 89,434 shares in the last quarter. Hedge funds and other institutional investors own 7.84% of the company’s stock.

About Vodafone Group

Vodafone Group Plc is a British multinational telecommunications company that provides mobile and fixed-line connectivity, broadband, voice, messaging and related digital services. Its offerings serve individual consumers, households, businesses and public-sector organizations, with services delivered through local Vodafone operations and partner networks.

The company also provides enterprise communications and technology solutions, including cloud and hosting services, cybersecurity, the Internet of Things, unified communications and managed connectivity.