Vodafone Group (NASDAQ:VOD) Coverage Initiated at BNP Paribas Exane

Stock analysts at BNP Paribas Exane assumed coverage on shares of Vodafone Group (NASDAQ:VOD) in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage set an “underperform” rating and a $8.00 price target on the cell phone carrier’s stock. BNP Paribas Exane’s price target suggests a potential downside of 31.86% from the stock’s previous close.

VOD has been the topic of several other reports. The Goldman Sachs Group downgraded Vodafone Group from a “neutral” rating to a “sell” rating and set a $136.00 price objective on the stock. in a research report on Thursday, July 31st. Morgan Stanley initiated coverage on Vodafone Group in a research report on Wednesday, July 2nd. They issued an “equal weight” rating on the stock. Berenberg Bank upgraded Vodafone Group to a “hold” rating in a research report on Thursday, June 26th. Zacks Research upgraded Vodafone Group to a “hold” rating in a research report on Tuesday, August 12th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Vodafone Group in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $72.00.

Vodafone Group Price Performance

NASDAQ VOD opened at $11.74 on Tuesday. The company has a market capitalization of $28.16 billion, a PE ratio of 10.30, a price-to-earnings-growth ratio of 0.26 and a beta of 0.62. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26. The business’s fifty day moving average is $11.61 and its 200 day moving average is $10.66. Vodafone Group has a fifty-two week low of $8.00 and a fifty-two week high of $12.06.

Institutional Investors Weigh In On Vodafone Group

Several large investors have recently added to or reduced their stakes in VOD. Fourpath Capital Management LLC grew its stake in shares of Vodafone Group by 4.6% during the second quarter. Fourpath Capital Management LLC now owns 21,225 shares of the cell phone carrier’s stock valued at $226,000 after buying an additional 940 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Vodafone Group by 1.6% in the second quarter. Signaturefd LLC now owns 77,232 shares of the cell phone carrier’s stock valued at $823,000 after purchasing an additional 1,210 shares during the period. First Trust Advisors LP boosted its holdings in shares of Vodafone Group by 3.9% in the second quarter. First Trust Advisors LP now owns 32,248 shares of the cell phone carrier’s stock valued at $344,000 after purchasing an additional 1,215 shares during the period. Brown Advisory Inc. boosted its holdings in shares of Vodafone Group by 3.9% in the second quarter. Brown Advisory Inc. now owns 32,523 shares of the cell phone carrier’s stock valued at $347,000 after purchasing an additional 1,223 shares during the period. Finally, Hazlett Burt & Watson Inc. boosted its holdings in shares of Vodafone Group by 65.5% in the first quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier’s stock valued at $30,000 after purchasing an additional 1,250 shares during the period. 7.84% of the stock is owned by institutional investors.

Vodafone Group Company Profile

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.