Shares of Vodafone Group Plc (NASDAQ:VOD) have been assigned an average rating of “Buy” from the thirteen research firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $29.28.
Several brokerages have recently issued reports on VOD. BNP Paribas upgraded Vodafone Group from a “neutral” rating to an “outperform” rating and lowered their price target for the company from $28.67 to $28.56 in a research report on Wednesday, March 7th. ValuEngine upgraded Vodafone Group from a “hold” rating to a “buy” rating in a research report on Thursday, March 15th. BidaskClub upgraded Vodafone Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 28th. Zacks Investment Research upgraded Vodafone Group from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Friday, March 30th. Finally, Citigroup upgraded Vodafone Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 4th.
VOD traded down $0.15 during trading hours on Friday, hitting $24.16. The company’s stock had a trading volume of 240,354 shares, compared to its average volume of 4,142,168. Vodafone Group has a fifty-two week low of $24.04 and a fifty-two week high of $32.75. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.97 and a quick ratio of 0.96. The stock has a market cap of $64.85 billion, a P/E ratio of 17.74, a P/E/G ratio of 1.31 and a beta of 0.81.
The company also recently declared a semiannual dividend, which will be paid on Friday, August 3rd. Stockholders of record on Friday, June 8th will be given a dividend of $1.2237 per share. The ex-dividend date of this dividend is Thursday, June 7th. This is a boost from Vodafone Group’s previous semiannual dividend of $0.56. This represents a dividend yield of 9.2%. Vodafone Group’s dividend payout ratio (DPR) is 177.21%.
Several hedge funds have recently modified their holdings of the company. Private Vista LLC acquired a new position in shares of Vodafone Group during the 1st quarter valued at $217,000. Quad Cities Investment Group LLC bought a new stake in shares of Vodafone Group during the 1st quarter worth $223,000. CIBC World Markets Inc. boosted its stake in shares of Vodafone Group by 114.4% during the 1st quarter. CIBC World Markets Inc. now owns 187,313 shares of the cell phone carrier’s stock worth $5,211,000 after acquiring an additional 99,935 shares in the last quarter. Trust Co. of Vermont boosted its stake in shares of Vodafone Group by 4.0% during the 1st quarter. Trust Co. of Vermont now owns 70,279 shares of the cell phone carrier’s stock worth $1,955,000 after acquiring an additional 2,700 shares in the last quarter. Finally, Private Capital Group LLC boosted its stake in shares of Vodafone Group by 336.3% during the 1st quarter. Private Capital Group LLC now owns 10,065 shares of the cell phone carrier’s stock worth $280,000 after acquiring an additional 7,758 shares in the last quarter. Institutional investors own 10.85% of the company’s stock.
About Vodafone Group
Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.
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