Vodafone Group (NASDAQ:VOD) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Vodafone Group PLC (NASDAQ:VOD) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $15.12 and traded as high as $15.99. Vodafone Group shares last traded at $15.96, with a volume of 2,490,016 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VOD. Barclays lowered Vodafone Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 11th. Wall Street Zen raised Vodafone Group from a “sell” rating to a “hold” rating in a research report on Sunday, May 31st. New Street Research upgraded shares of Vodafone Group from a “neutral” rating to a “buy” rating in a research note on Friday, July 10th. Bank of America downgraded shares of Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 price objective for the company. in a report on Tuesday, May 26th. Finally, DZ Bank lowered shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Vodafone Group currently has a consensus rating of “Reduce” and an average target price of $10.57.

Vodafone Group Price Performance

The firm has a 50 day simple moving average of $15.00 and a 200-day simple moving average of $15.12. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.11 and a current ratio of 1.14.

Hedge Funds Weigh In On Vodafone Group

Several institutional investors have recently added to or reduced their stakes in the company. ACR Alpine Capital Research LLC grew its stake in Vodafone Group by 3.0% during the first quarter. ACR Alpine Capital Research LLC now owns 26,854,952 shares of the cell phone carrier’s stock worth $403,361,000 after buying an additional 784,305 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Vodafone Group by 1.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 15,286,509 shares of the cell phone carrier’s stock worth $201,935,000 after acquiring an additional 182,574 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Vodafone Group by 9,637.5% in the fourth quarter. Bank of New York Mellon Corp now owns 8,902,486 shares of the cell phone carrier’s stock worth $117,602,000 after acquiring an additional 8,811,061 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Vodafone Group by 9.1% during the third quarter. Bank of America Corp DE now owns 7,331,144 shares of the cell phone carrier’s stock worth $85,041,000 after buying an additional 610,409 shares during the period. Finally, SALT Holding Corp. lifted its position in Vodafone Group by 5.5% during the 3rd quarter. SALT Holding Corp. now owns 3,821,000 shares of the cell phone carrier’s stock worth $44,324,000 after buying an additional 197,500 shares in the last quarter. 7.84% of the stock is owned by institutional investors.

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.