Vodafone Group (NASDAQ:VOD) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Vodafone Group (NASDAQ:VOD) from a hold rating to a buy rating in a report released on Monday morning,Wall Street Zen reports.

Other research analysts have also recently issued reports about the stock. Barclays cut shares of Vodafone Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 11th. New Street Research upgraded Vodafone Group from a “neutral” rating to a “buy” rating in a research report on Friday, July 10th. The Goldman Sachs Group raised Vodafone Group from a “sell” rating to a “buy” rating in a research note on Friday, September 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Vodafone Group in a research report on Tuesday, September 1st. Finally, Zacks Research downgraded Vodafone Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $10.57.

Vodafone Group Stock Performance

Vodafone Group stock opened at $17.53 on Monday. Vodafone Group has a 52 week low of $11.12 and a 52 week high of $17.62. The company’s 50-day moving average price is $15.86 and its two-hundred day moving average price is $15.25. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.11.

Institutional Trading of Vodafone Group

A number of large investors have recently added to or reduced their stakes in the business. ACR Alpine Capital Research LLC lifted its position in shares of Vodafone Group by 3.0% during the 1st quarter. ACR Alpine Capital Research LLC now owns 26,854,952 shares of the cell phone carrier’s stock valued at $403,361,000 after acquiring an additional 784,305 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Vodafone Group by 1.2% in 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 purchasing an additional 182,574 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Vodafone Group by 9,637.5% during the 4th 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 buying an additional 8,811,061 shares during the period. ABC Arbitrage SA lifted its stake in Vodafone Group by 3.1% during the first quarter. ABC Arbitrage SA now owns 3,326,511 shares of the cell phone carrier’s stock valued at $49,964,000 after buying an additional 98,922 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of Vodafone Group by 6.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,446,646 shares of the cell phone carrier’s stock worth $19,110,000 after buying an additional 89,434 shares during the period. 7.84% of the stock is currently owned by institutional investors.

Vodafone Group Company Profile

Vodafone Group Plc is a British multinational telecommunications company that provides mobile and fixed-line connectivity, broadband, voice, messaging and related digital services. Its offerings serve individual consumers, households, businesses and public-sector organizations, with services delivered through local Vodafone operations and partner networks.

The company also provides enterprise communications and technology solutions, including cloud and hosting services, cybersecurity, the Internet of Things, unified communications and managed connectivity.