Analysts at Argus began coverage on shares of Vodafone Group Plc (NASDAQ:VOD) in a report released on Tuesday. The firm set a “hold” rating on the cell phone carrier’s stock.

Several other equities analysts have also recently commented on VOD. Goldman Sachs Group Inc. reaffirmed a “neutral” rating on shares of Vodafone Group Plc in a research report on Friday, May 27th. Macquarie cut shares of Vodafone Group Plc from an “outperform” rating to a “neutral” rating and set a $30.58 price target on the stock. in a research report on Monday, June 13th. Beaufort Securities reaffirmed a “buy” rating on shares of Vodafone Group Plc in a research report on Monday, June 13th. Barclays PLC reaffirmed an “overweight” rating on shares of Vodafone Group Plc in a research report on Wednesday, July 6th. Finally, Citigroup Inc. cut shares of Vodafone Group Plc from a “buy” rating to a “neutral” rating and set a $30.46 price target on the stock. in a research report on Tuesday, July 12th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $30.52.

Shares of Vodafone Group Plc (NASDAQ:VOD) opened at 29.87 on Tuesday. Vodafone Group Plc has a 52 week low of $27.92 and a 52 week high of $34.70. The stock’s 50 day moving average price is $30.63 and its 200 day moving average price is $31.57. The stock’s market cap is $79.33 billion.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Seminole Management Co. Inc. raised its position in Vodafone Group Plc by 238.0% in the second quarter. Seminole Management Co. Inc. now owns 2,414,725 shares of the cell phone carrier’s stock worth $74,591,000 after buying an additional 1,700,311 shares in the last quarter. Renaissance Technologies LLC raised its position in Vodafone Group Plc by 264.0% in the first quarter. Renaissance Technologies LLC now owns 1,994,610 shares of the cell phone carrier’s stock worth $63,927,000 after buying an additional 1,446,606 shares in the last quarter. Orbis Allan Gray Ltd bought a new position in Vodafone Group Plc during the first quarter worth approximately $32,916,000. Cambiar Investors LLC raised its position in Vodafone Group Plc by 10.7% in the second quarter. Cambiar Investors LLC now owns 7,732,953 shares of the cell phone carrier’s stock worth $238,871,000 after buying an additional 749,822 shares in the last quarter. Finally, Aviance Capital Management LLC raised its position in Vodafone Group Plc by 56.0% in the second quarter. Aviance Capital Management LLC now owns 1,633,068 shares of the cell phone carrier’s stock worth $50,446,000 after buying an additional 586,478 shares in the last quarter.

About Vodafone Group Plc

Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.

5 Day Chart for NASDAQ:VOD

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