Vodafone Group (NASDAQ:VOD) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Vodafone Group (NASDAQ:VOD) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning,Wall Street Zen reports.

Several other analysts also recently issued reports on VOD. 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. Zacks Research lowered shares of Vodafone Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 17th. The Goldman Sachs Group upgraded shares of Vodafone Group from a “sell” rating to a “buy” rating in a report on Friday, September 4th. New Street Research upgraded Vodafone Group from a “neutral” rating to a “buy” rating in a research note on Friday, July 10th. Finally, Barclays cut Vodafone Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, June 11th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Vodafone Group has an average rating of “Reduce” and an average target price of $10.57.

Vodafone Group Stock Performance

Vodafone Group stock opened at $16.62 on Tuesday. The firm’s fifty day simple moving average is $16.23 and its 200-day simple moving average is $15.33. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.11 and a current ratio of 1.14. Vodafone Group has a 1-year low of $11.12 and a 1-year high of $17.71.

Institutional Investors Weigh In On Vodafone Group

Large investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC raised its stake in shares of Vodafone Group by 12.9% during the second quarter. Sequoia Financial Advisors LLC now owns 81,223 shares of the cell phone carrier’s stock worth $1,074,000 after buying an additional 9,281 shares during the last quarter. Tidal Investments LLC boosted its stake in Vodafone Group by 77.8% in the second quarter. Tidal Investments LLC now owns 22,620 shares of the cell phone carrier’s stock valued at $299,000 after acquiring an additional 9,895 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in Vodafone Group during the 2nd quarter worth $805,000. Engineers Gate Manager LP raised its position in shares of Vodafone Group by 256.9% during the 2nd quarter. Engineers Gate Manager LP now owns 68,530 shares of the cell phone carrier’s stock valued at $906,000 after acquiring an additional 49,330 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in shares of Vodafone Group by 313.1% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 107,388 shares of the cell phone carrier’s stock valued at $1,420,000 after purchasing an additional 81,393 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.