Vodafone Group Public (NASDAQ:VOD) Reaches New 12-Month Low – What’s Next?

Vodafone Group Public Limited (NASDAQ:VOD) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $8.00 and last traded at $8.03, with a volume of 5186445 shares changing hands. The stock had previously closed at $8.49.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered Vodafone Group Public from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Vodafone Group Public Trading Down 5.0 %

The business has a 50 day simple moving average of $8.56 and a 200 day simple moving average of $9.19. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.34.

Vodafone Group Public Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.2423 per share. This represents a dividend yield of 8%. The ex-dividend date is Friday, November 22nd.

Institutional Trading of Vodafone Group Public

Institutional investors have recently modified their holdings of the company. Stifel Financial Corp raised its position in Vodafone Group Public by 34.9% during the third quarter. Stifel Financial Corp now owns 778,068 shares of the cell phone carrier’s stock worth $7,796,000 after acquiring an additional 201,360 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in Vodafone Group Public by 1,119.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 942,179 shares of the cell phone carrier’s stock valued at $9,441,000 after acquiring an additional 864,924 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Vodafone Group Public during the third quarter worth approximately $7,482,000. Goldentree Asset Management LP grew its position in shares of Vodafone Group Public by 1.9% in the third quarter. Goldentree Asset Management LP now owns 3,283,292 shares of the cell phone carrier’s stock valued at $32,898,000 after purchasing an additional 60,943 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in Vodafone Group Public by 16.1% during the 4th quarter. Park Avenue Securities LLC now owns 31,173 shares of the cell phone carrier’s stock worth $265,000 after purchasing an additional 4,332 shares during the last quarter. 7.84% of the stock is currently owned by institutional investors.

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.