Vodafone Group (NASDAQ:VOD) Downgraded to “Hold” Rating by Zacks Research

Zacks Research cut shares of Vodafone Group (NASDAQ:VOD) from a strong-buy rating to a hold rating in a research report released on Thursday morning,Zacks.com reports.

Several other equities analysts have also weighed in on VOD. Wall Street Zen lowered shares of Vodafone Group from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings upgraded shares of Vodafone Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 22nd. UBS Group upgraded shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Bank of America lowered shares of Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 price objective on the stock. in a report on Tuesday. Finally, DZ Bank lowered shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $52.38.

Vodafone Group Stock Performance

Shares of NASDAQ VOD opened at $14.96 on Thursday. The firm’s 50-day moving average price is $15.26 and its 200-day moving average price is $14.28. Vodafone Group has a 1-year low of $9.80 and a 1-year high of $16.60. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.84.

Vodafone Group Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, July 30th. Investors of record on Friday, June 5th will be issued a $0.2766 dividend. This represents a dividend yield of 357.0%. The ex-dividend date is Friday, June 5th.

Institutional Investors Weigh In On Vodafone Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Assetmark Inc. raised its holdings in shares of Vodafone Group by 156.8% in the 4th quarter. Assetmark Inc. now owns 2,275 shares of the cell phone carrier’s stock worth $30,000 after acquiring an additional 1,389 shares during the last quarter. Bayban raised its holdings in shares of Vodafone Group by 6,696.7% in the 1st quarter. Bayban now owns 2,039 shares of the cell phone carrier’s stock worth $31,000 after acquiring an additional 2,009 shares during the last quarter. American Capital Advisory LLC raised its holdings in shares of Vodafone Group by 40.8% in the 4th quarter. American Capital Advisory LLC now owns 2,400 shares of the cell phone carrier’s stock worth $32,000 after acquiring an additional 696 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of Vodafone Group in the 1st quarter worth about $34,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Vodafone Group by 81.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,651 shares of the cell phone carrier’s stock worth $35,000 after acquiring an additional 1,193 shares during the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Company Profile

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.