Vodafone Group PLC (NASDAQ:VOD) Receives Average Recommendation of “Reduce” from Analysts

Vodafone Group PLC (NASDAQ:VOD) has received a consensus rating of “Reduce” from the ten analysts that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $10.57.

VOD has been the subject of several recent analyst reports. Barclays downgraded Vodafone Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday, June 11th. The Goldman Sachs Group raised shares of Vodafone Group from a “sell” rating to a “buy” rating in a report on Friday, September 4th. Weiss Ratings restated a “sell (d+)” rating on shares of Vodafone Group in a research report on Tuesday, September 1st. New Street Research raised shares of Vodafone Group from a “neutral” rating to a “buy” rating in a research note on Friday, July 10th. Finally, Wall Street Zen downgraded shares of Vodafone Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 22nd.

Vodafone Group Stock Performance

NASDAQ:VOD opened at $16.79 on Friday. The stock has a 50-day moving average price of $16.44 and a 200 day moving average price of $15.49. Vodafone Group has a 12-month low of $11.12 and a 12-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 hedge funds have recently modified their holdings of the company. QRG Capital Management Inc. increased its position in Vodafone Group by 14.1% in the second quarter. QRG Capital Management Inc. now owns 295,539 shares of the cell phone carrier’s stock worth $3,909,000 after purchasing an additional 36,529 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Vodafone Group by 5.9% in the 2nd 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 in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Vodafone Group by 12.9% in the 2nd 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 increased its holdings in shares of Vodafone Group by 77.8% in the 2nd quarter. Tidal Investments LLC now owns 22,620 shares of the cell phone carrier’s stock worth $299,000 after buying an additional 9,895 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of Vodafone Group during the 2nd quarter valued at about $805,000. 7.84% of the stock is owned by hedge funds and other institutional investors.

Vodafone Group Company Profile

Vodafone Group Plc is a telecommunications company headquartered in the United Kingdom. It provides mobile voice and data services, fixed-line broadband, digital television and related communications services to consumers and businesses.

The company also serves enterprise customers through Vodafone Business, offering connectivity, cloud and hosting services, cybersecurity, unified communications, and Internet of Things solutions. Vodafone’s operations and partnerships span several European markets and countries in Africa, with services delivered through mobile and fixed networks.

Vodafone traces its origins to the mobile telecommunications business of Racal Electronics and became an independent company in 1991.