Sanford C. Bernstein upgraded shares of Vodafone Group (NASDAQ:VOD) from a market perform rating to an outperform rating in a research note published on Tuesday morning, MarketBeat reports. The firm currently has $40.00 target price on the cell phone carrier’s stock.
Several other analysts also recently commented on VOD. BidaskClub downgraded shares of Vodafone Group from a hold rating to a sell rating in a research report on Monday, May 14th. Bank of America reissued a buy rating on shares of Vodafone Group in a research report on Wednesday, May 16th. Citigroup downgraded shares of Vodafone Group from a buy rating to a neutral rating in a research report on Thursday, May 17th. Zacks Investment Research raised shares of Vodafone Group from a strong sell rating to a hold rating in a research report on Saturday, May 19th. Finally, ValuEngine raised shares of Vodafone Group from a sell rating to a hold rating in a research report on Thursday, July 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $33.36.
Vodafone Group stock opened at $21.45 on Tuesday. The company has a market capitalization of $56.82 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 1.70 and a beta of 0.83. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48. Vodafone Group has a twelve month low of $21.13 and a twelve month high of $32.75.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. M Holdings Securities Inc. boosted its holdings in shares of Vodafone Group by 39.8% during the 2nd quarter. M Holdings Securities Inc. now owns 13,447 shares of the cell phone carrier’s stock worth $327,000 after buying an additional 3,828 shares during the period. Verition Fund Management LLC bought a new stake in shares of Vodafone Group during the 2nd quarter worth $778,000. Argent Trust Co bought a new stake in shares of Vodafone Group during the 2nd quarter worth $1,022,000. HPM Partners LLC boosted its holdings in shares of Vodafone Group by 31.7% during the 2nd quarter. HPM Partners LLC now owns 21,528 shares of the cell phone carrier’s stock worth $523,000 after buying an additional 5,176 shares during the period. Finally, Cozad Asset Management Inc. bought a new stake in shares of Vodafone Group during the 2nd quarter worth $233,000. 10.06% of the stock is owned by institutional investors and hedge funds.
Vodafone Group Company Profile
Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.
Receive News & Ratings for Vodafone Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vodafone Group and related companies with MarketBeat.com's FREE daily email newsletter.