ValuEngine cut shares of Vodafone Group (NASDAQ:VOD) from a hold rating to a sell rating in a research note published on Tuesday morning, ValuEngine reports.

Several other equities analysts have also recently issued reports on the company. Morgan Stanley assumed coverage on Vodafone Group in a research note on Wednesday, August 7th. They issued an overweight rating for the company. Exane BNP Paribas upgraded Vodafone Group from a neutral rating to an outperform rating in a research note on Wednesday, September 11th. Barclays reiterated an overweight rating on shares of Vodafone Group in a research note on Wednesday, October 30th. BidaskClub cut Vodafone Group from a buy rating to a hold rating in a research note on Tuesday, October 29th. Finally, Bank of America restated a buy rating on shares of Vodafone Group in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Vodafone Group has an average rating of Buy and a consensus target price of $95.78.

Shares of VOD opened at $20.68 on Tuesday. The stock has a 50-day simple moving average of $20.19 and a 200-day simple moving average of $18.09. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.52 and a current ratio of 1.55. The stock has a market capitalization of $55.81 billion, a PE ratio of 34.47, a PEG ratio of 1.32 and a beta of 0.80. Vodafone Group has a 1 year low of $15.53 and a 1 year high of $21.73.

Several large investors have recently added to or reduced their stakes in VOD. Coastal Capital Group Inc. acquired a new position in shares of Vodafone Group in the second quarter valued at approximately $25,000. Motco increased its holdings in shares of Vodafone Group by 76.9% in the second quarter. Motco now owns 1,682 shares of the cell phone carrier’s stock valued at $27,000 after purchasing an additional 731 shares during the period. Asset Dedication LLC increased its holdings in shares of Vodafone Group by 72.3% in the second quarter. Asset Dedication LLC now owns 1,923 shares of the cell phone carrier’s stock valued at $31,000 after purchasing an additional 807 shares during the period. Lenox Wealth Advisors LLC acquired a new position in shares of Vodafone Group in the third quarter valued at approximately $33,000. Finally, Rational Advisors LLC increased its holdings in shares of Vodafone Group by 4,686.7% in the second quarter. Rational Advisors LLC now owns 2,154 shares of the cell phone carrier’s stock valued at $35,000 after purchasing an additional 2,109 shares during the period. 7.92% of the stock is currently owned by institutional investors and hedge funds.

About Vodafone Group

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

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Analyst Recommendations for Vodafone Group (NASDAQ:VOD)

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