Vodafone Group (NASDAQ:VOD) Stock Rating Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Vodafone Group (NASDAQ:VOD) from a hold rating to a sell rating in a report published on Saturday morning,Wall Street Zen reports.

Several other research firms have also recently issued reports on VOD. JPMorgan Chase & Co. reissued a “sell” rating on shares of Vodafone Group in a research report on Monday, July 27th. Zacks Research raised shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 3rd. Morningstar downgraded shares of Vodafone Group to a “hold” rating in a research note on Thursday, July 30th. DZ Bank reiterated a “neutral” rating on shares of Vodafone Group in a report on Monday, August 17th. Finally, Weiss Ratings cut Vodafone Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 30th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Vodafone Group presently has a consensus rating of “Hold” and an average target price of $13.13.

Vodafone Group Stock Down 0.8%

VOD stock traded down $0.12 during trading on Friday, hitting $15.37. The company had a trading volume of 4,203,993 shares, compared to its average volume of 3,520,224. Vodafone Group has a 52-week low of $11.71 and a 52-week high of $17.71. The company has a 50 day simple moving average of $16.28 and a 200-day simple moving average of $15.46. The company has a current ratio of 1.04, a quick ratio of 1.11 and a debt-to-equity ratio of 1.07.

Vodafone Group Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, February 3rd. Stockholders of record on Friday, November 20th will be given a $0.2588 dividend. This represents a dividend yield of 334.0%. The ex-dividend date of this dividend is Friday, November 20th.

Institutional Investors Weigh In On Vodafone Group

A number of hedge funds have recently made changes to their positions in VOD. Boit C F David bought a new position in Vodafone Group in the third quarter worth about $25,000. Western Wealth Management LLC bought a new stake in shares of Vodafone Group in the 1st quarter valued at about $34,000. Assetmark Inc. boosted its holdings in shares of Vodafone Group by 31.5% in the 1st quarter. Assetmark Inc. now owns 2,992 shares of the cell phone carrier’s stock valued at $45,000 after buying an additional 717 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Vodafone Group in the 2nd quarter valued at about $45,000. Finally, Mather Group LLC. grew its position in shares of Vodafone Group by 3,293.3% in the 3rd quarter. Mather Group LLC. now owns 4,072 shares of the cell phone carrier’s stock worth $66,000 after buying an additional 3,952 shares during the last quarter. 7.84% of the stock is currently owned by hedge funds and other institutional investors.

About Vodafone Group

Vodafone Group is a telecommunications company headquartered in the United Kingdom. It provides mobile and fixed-line connectivity, broadband, voice and data services to consumers, businesses and public-sector organizations. The company also offers business technology services, including Internet of Things connectivity and digital solutions. Its operations and services span Europe and Africa, with Vodacom serving as a major part of its African business, and it works with partner networks to serve customers in other markets.