Vodafone Group Public (NASDAQ:VOD) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Vodafone Group Public (NASDAQ:VOD) from a hold rating to a buy rating in a research note issued to investors on Wednesday.

Separately, The Goldman Sachs Group lowered shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Two 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, the stock presently has a consensus rating of “Moderate Buy”.

Vodafone Group Public Trading Up 1.7 %

Shares of Vodafone Group Public stock opened at $9.03 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.78. Vodafone Group Public has a 12-month low of $8.00 and a 12-month high of $10.39. The firm has a market capitalization of $22.93 billion, a price-to-earnings ratio of 7.92, a PEG ratio of 0.66 and a beta of 0.75. The firm’s 50 day simple moving average is $8.48 and its two-hundred day simple moving average is $9.08.

Institutional Trading of Vodafone Group Public

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. ACR Alpine Capital Research LLC increased its stake in shares of Vodafone Group Public by 0.4% in the fourth quarter. ACR Alpine Capital Research LLC now owns 22,006,311 shares of the cell phone carrier’s stock worth $186,834,000 after acquiring an additional 97,636 shares during the period. Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of Vodafone Group Public by 18.1% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,598,375 shares of the cell phone carrier’s stock worth $123,940,000 after acquiring an additional 2,238,935 shares during the period. Renaissance Technologies LLC increased its stake in shares of Vodafone Group Public by 2.9% in the fourth quarter. Renaissance Technologies LLC now owns 9,027,376 shares of the cell phone carrier’s stock worth $76,642,000 after acquiring an additional 255,623 shares during the period. Bank of Montreal Can increased its stake in shares of Vodafone Group Public by 28.2% in the fourth quarter. Bank of Montreal Can now owns 5,483,837 shares of the cell phone carrier’s stock worth $46,558,000 after acquiring an additional 1,206,256 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Vodafone Group Public by 12.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,429,784 shares of the cell phone carrier’s stock worth $46,099,000 after acquiring an additional 601,151 shares during the period. Institutional investors and hedge funds 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.