Vodafone Group Public (NASDAQ:VOD) Lifted to “Buy” at StockNews.com

Vodafone Group Public (NASDAQ:VOD) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Tuesday.

VOD has been the subject of several other reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Vodafone Group Public in a report on Thursday, June 20th. They issued a “buy” rating for the company. UBS Group lowered shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. Finally, New Street Research raised shares of Vodafone Group Public to a “strong-buy” rating in a report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Vodafone Group Public has a consensus rating of “Moderate Buy” and a consensus target price of $14.45.

Vodafone Group Public Stock Performance

VOD opened at $9.54 on Tuesday. The company has a 50-day moving average of $9.09 and a 200-day moving average of $8.89. Vodafone Group Public has a 1-year low of $8.02 and a 1-year high of $10.19. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.31 and a quick ratio of 1.29.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Vodafone Group Public by 116.7% during the 2nd quarter. GAMMA Investing LLC now owns 3,903 shares of the cell phone carrier’s stock valued at $35,000 after purchasing an additional 2,102 shares during the period. Asset Dedication LLC boosted its stake in Vodafone Group Public by 630.9% during the 2nd quarter. Asset Dedication LLC now owns 4,634 shares of the cell phone carrier’s stock valued at $41,000 after purchasing an additional 4,000 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Vodafone Group Public during the 1st quarter valued at about $46,000. First Horizon Advisors Inc. boosted its stake in Vodafone Group Public by 581.7% during the 4th quarter. First Horizon Advisors Inc. now owns 5,351 shares of the cell phone carrier’s stock valued at $47,000 after purchasing an additional 4,566 shares during the period. Finally, Hexagon Capital Partners LLC boosted its stake in Vodafone Group Public by 230.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 5,410 shares of the cell phone carrier’s stock valued at $48,000 after purchasing an additional 3,775 shares during the period. 7.84% of the stock is owned by institutional investors and hedge funds.

Vodafone Group Public Company Profile

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.