Vodafone Group (NASDAQ:VOD) Raised to Strong-Buy at Zacks Research

Vodafone Group (NASDAQ:VOD) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other research firms also recently commented on VOD. UBS Group raised shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Weiss Ratings raised shares of Vodafone Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, April 17th. Finally, Berenberg Bank raised shares of Vodafone Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Vodafone Group currently has an average rating of “Hold” and an average target price of $72.00.

Vodafone Group Price Performance

Shares of NASDAQ VOD opened at $15.80 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 1.17. Vodafone Group has a twelve month low of $8.98 and a twelve month high of $15.94. The company has a 50 day moving average of $15.12 and a 200 day moving average of $13.78.

Institutional Investors Weigh In On Vodafone Group

A number of hedge funds have recently modified their holdings of VOD. Assetmark Inc. grew its position in shares of Vodafone Group by 156.8% during the 4th quarter. Assetmark Inc. now owns 2,275 shares of the cell phone carrier’s stock valued at $30,000 after acquiring an additional 1,389 shares during the period. Bayban grew its position in shares of Vodafone Group by 6,696.7% during the 1st quarter. Bayban now owns 2,039 shares of the cell phone carrier’s stock valued at $31,000 after acquiring an additional 2,009 shares during the period. American Capital Advisory LLC grew its position in shares of Vodafone Group by 40.8% during the 4th quarter. American Capital Advisory LLC now owns 2,400 shares of the cell phone carrier’s stock valued at $32,000 after acquiring an additional 696 shares during the period. Caitong International Asset Management Co. Ltd grew its position in shares of Vodafone Group by 81.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,651 shares of the cell phone carrier’s stock valued at $35,000 after acquiring an additional 1,193 shares during the period. Finally, CIBC Private Wealth Group LLC grew its position in shares of Vodafone Group by 38.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,435 shares of the cell phone carrier’s stock valued at $40,000 after acquiring an additional 946 shares during the period. Institutional investors own 7.84% of the company’s stock.

About Vodafone Group

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.