Vodafone Group Public (NASDAQ:VOD) Shares Gap Up – Still a Buy?

Vodafone Group Public Limited (NASDAQ:VOD) shares gapped up prior to trading on Thursday . The stock had previously closed at $9.12, but opened at $9.46. Vodafone Group Public shares last traded at $9.34, with a volume of 1,094,496 shares traded.

Analysts Set New Price Targets

VOD has been the topic of a number of recent analyst reports. Bank of America lowered shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a research report on Monday, March 24th. StockNews.com lowered shares of Vodafone Group Public from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. DZ Bank upgraded Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Finally, The Goldman Sachs Group downgraded Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Vodafone Group Public has a consensus rating of “Moderate Buy”.

Vodafone Group Public Trading Down 9.3 %

The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $20.12 billion, a P/E ratio of 7.46, a P/E/G ratio of 0.66 and a beta of 0.58. The business’s fifty day simple moving average is $8.92 and its two-hundred day simple moving average is $9.01.

Institutional Investors Weigh In On Vodafone Group Public

Several hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC increased its stake in Vodafone Group Public by 63.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,881 shares of the cell phone carrier’s stock valued at $41,000 after acquiring an additional 1,899 shares during the period. GeoWealth Management LLC increased its position in shares of Vodafone Group Public by 258.0% during the fourth quarter. GeoWealth Management LLC now owns 5,180 shares of the cell phone carrier’s stock valued at $44,000 after purchasing an additional 3,733 shares during the period. CoreCap Advisors LLC raised its stake in shares of Vodafone Group Public by 509.7% in the fourth quarter. CoreCap Advisors LLC now owns 6,829 shares of the cell phone carrier’s stock valued at $58,000 after purchasing an additional 5,709 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in Vodafone Group Public by 912.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 7,212 shares of the cell phone carrier’s stock worth $61,000 after purchasing an additional 6,500 shares during the period. Finally, Pacific Center for Financial Services boosted its stake in Vodafone Group Public by 33.0% during the fourth quarter. Pacific Center for Financial Services now owns 9,794 shares of the cell phone carrier’s stock worth $83,000 after buying an additional 2,428 shares in the last quarter. Institutional investors own 7.84% of the company’s stock.

About Vodafone Group Public

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.