Vodafone Group (NASDAQ:VOD) Upgraded at Berenberg Bank

Berenberg Bank upgraded shares of Vodafone Group (NASDAQ:VODFree Report) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports.

A number of other analysts have also issued reports on the company. BNP Paribas Exane started coverage on Vodafone Group in a research note on Tuesday, October 21st. They set an “underperform” rating and a $8.00 price objective on the stock. Wall Street Zen downgraded shares of Vodafone Group from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Barclays raised shares of Vodafone Group from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. BNP Paribas raised shares of Vodafone Group to a “strong sell” rating in a report on Tuesday, October 21st. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Vodafone Group in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and seven have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $72.00.

Get Our Latest Stock Analysis on VOD

Vodafone Group Stock Performance

Shares of VOD opened at $13.50 on Wednesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.17 and a quick ratio of 1.13. The business has a 50-day moving average of $12.57 and a 200 day moving average of $11.80. Vodafone Group has a fifty-two week low of $8.00 and a fifty-two week high of $13.99.

Vodafone Group Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, February 5th. Stockholders of record on Monday, November 24th will be issued a dividend of $0.2567 per share. This represents a dividend yield of 434.0%. The ex-dividend date is Monday, November 24th.

Hedge Funds Weigh In On Vodafone Group

A number of hedge funds and other institutional investors have recently made changes to their positions in VOD. Arrowstreet Capital Limited Partnership lifted its position in shares of Vodafone Group by 22.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 27,680,971 shares of the cell phone carrier’s stock worth $295,079,000 after purchasing an additional 5,160,095 shares during the period. ACR Alpine Capital Research LLC grew its holdings in shares of Vodafone Group by 0.9% during the 3rd quarter. ACR Alpine Capital Research LLC now owns 26,095,086 shares of the cell phone carrier’s stock worth $302,703,000 after acquiring an additional 228,325 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Vodafone Group by 116.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,076,148 shares of the cell phone carrier’s stock valued at $86,092,000 after purchasing an additional 4,352,389 shares during the period. Bank of America Corp DE boosted its position in shares of Vodafone Group by 9.1% during the third quarter. Bank of America Corp DE now owns 7,331,144 shares of the cell phone carrier’s stock valued at $85,041,000 after purchasing an additional 610,409 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Vodafone Group by 1.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,518,066 shares of the cell phone carrier’s stock worth $64,010,000 after buying an additional 76,534 shares during the period. Institutional investors own 7.84% of the company’s stock.

More Vodafone Group News

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Vodafone Group Company Profile

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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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Analyst Recommendations for Vodafone Group (NASDAQ:VOD)

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