Vodafone Group (NASDAQ:VOD) Stock Rating Cut to “Underweight” at Barclays

Vodafone Group (NASDAQ:VOD) was downgraded by equities researchers at Barclays from an “equal weight” rating to an “underweight” rating in a report released on Tuesday, Marketbeat.com reports.

Several other equities analysts have also recently issued reports on VOD. Zacks Research cut Vodafone Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 17th. New Street Research raised Vodafone Group from a “neutral” rating to a “buy” rating in a research report on Friday, July 10th. Wall Street Zen downgraded Vodafone Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 22nd. The Goldman Sachs Group raised Vodafone Group from a “sell” rating to a “buy” rating in a report on Friday, September 4th. Finally, Weiss Ratings upgraded Vodafone Group from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Vodafone Group presently has an average rating of “Hold” and a consensus target price of $13.13.

Vodafone Group Trading Up 0.1%

Shares of NASDAQ VOD opened at $15.88 on Tuesday. The stock has a 50 day moving average of $16.43 and a two-hundred day moving average of $15.56. Vodafone Group has a twelve month low of $11.12 and a twelve month high of $17.71. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.84.

Institutional Trading of Vodafone Group

Several large investors have recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. grew its stake in Vodafone Group by 5.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 11,671 shares of the cell phone carrier’s stock worth $154,000 after buying an additional 653 shares during the period. Assetmark Inc. increased its position in shares of Vodafone Group by 31.5% during the first quarter. Assetmark Inc. now owns 2,992 shares of the cell phone carrier’s stock worth $45,000 after acquiring an additional 717 shares during the last quarter. Euro Pacific Asset Management LLC increased its holdings in Vodafone Group by 8.4% during the 1st quarter. Euro Pacific Asset Management LLC now owns 15,864 shares of the cell phone carrier’s stock worth $239,000 after purchasing an additional 1,231 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in Vodafone Group by 2.6% in the first quarter. Nations Financial Group Inc. IA ADV now owns 51,769 shares of the cell phone carrier’s stock valued at $778,000 after acquiring an additional 1,301 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in shares of Vodafone Group by 7.7% in the 3rd quarter. Valeo Financial Advisors LLC now owns 20,181 shares of the cell phone carrier’s stock valued at $326,000 after purchasing an additional 1,435 shares in the last quarter. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Vodafone Group Company Profile

Vodafone Group Plc is a telecommunications company headquartered in Newbury, England. It provides mobile and fixed-line connectivity, broadband, voice and messaging services, digital communications, and related technology solutions to consumers, businesses, and public-sector organizations.

The company operates primarily across Europe and Africa. Its consumer businesses offer mobile plans, home broadband, television and other digital services, while Vodafone Business provides connectivity, cloud, cybersecurity, Internet of Things, unified communications, and managed technology services.