Vodafone Group (NASDAQ:VOD) Sees Unusually-High Trading Volume – Here’s Why

Shares of Vodafone Group PLC (NASDAQ:VODGet Free Report) saw strong trading volume on Friday . 6,584,466 shares traded hands during trading, an increase of 97% from the previous session’s volume of 3,341,531 shares.The stock last traded at $13.2650 and had previously closed at $13.21.

Key Vodafone Group News

Here are the key news stories impacting Vodafone Group this week:

Wall Street Analysts Forecast Growth

Several research firms have commented on VOD. Wall Street Zen cut shares of Vodafone Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Barclays raised Vodafone Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Vodafone Group in a report on Wednesday, October 8th. BNP Paribas Exane began coverage on shares of Vodafone Group in a research report on Tuesday, October 21st. They set an “underperform” rating and a $8.00 price objective for the company. Finally, BNP Paribas raised shares of Vodafone Group to a “strong sell” rating in a research note on Tuesday, October 21st. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and seven have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $72.00.

View Our Latest Report on VOD

Vodafone Group Price Performance

The firm’s 50 day moving average is $12.37 and its 200-day moving average is $11.66. The company has a quick ratio of 1.13, a current ratio of 1.17 and a debt-to-equity ratio of 0.78.

Vodafone Group Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, November 24th will be issued a $0.2567 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a dividend yield of 434.0%.

Institutional Investors Weigh In On Vodafone Group

Several institutional investors have recently modified their holdings of VOD. Invesco Ltd. grew its position in shares of Vodafone Group by 16.0% in the 1st quarter. Invesco Ltd. now owns 43,620 shares of the cell phone carrier’s stock valued at $409,000 after purchasing an additional 6,021 shares during the period. Royal Bank of Canada raised its position in shares of Vodafone Group by 5.4% in the first quarter. Royal Bank of Canada now owns 3,117,008 shares of the cell phone carrier’s stock valued at $29,207,000 after purchasing an additional 159,985 shares during the period. Aprio Wealth Management LLC boosted its stake in Vodafone Group by 100.6% in the 1st quarter. Aprio Wealth Management LLC now owns 55,116 shares of the cell phone carrier’s stock valued at $516,000 after purchasing an additional 27,638 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of Vodafone Group by 3.0% during the first quarter. Advisors Asset Management Inc. now owns 121,110 shares of the cell phone carrier’s stock worth $1,135,000 after purchasing an additional 3,501 shares during the period. Finally, AQR Capital Management LLC lifted its position in shares of Vodafone Group by 21.4% during the 1st quarter. AQR Capital Management LLC now owns 66,351 shares of the cell phone carrier’s stock worth $622,000 after buying an additional 11,703 shares during the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

About Vodafone Group

(Get Free Report)

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.

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