Vodafone Group (NASDAQ:VOD) Shares Gap Down – Time to Sell?

Vodafone Group PLC (NASDAQ:VOD) shares gapped down prior to trading on Friday . The stock had previously closed at $17.52, but opened at $16.73. Vodafone Group shares last traded at $16.7370, with a volume of 372,352 shares changing hands.

Analyst Ratings Changes

VOD has been the subject of several research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Vodafone Group in a report on Tuesday, September 1st. Bank of America downgraded shares of Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 target price for the company. in a research report on Tuesday, May 26th. New Street Research raised shares of Vodafone Group from a “neutral” rating to a “buy” rating in a research note on Friday, July 10th. The Goldman Sachs Group upgraded shares of Vodafone Group from a “sell” rating to a “buy” rating in a report on Friday, September 4th. Finally, Barclays lowered Vodafone Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 11th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Vodafone Group has a consensus rating of “Hold” and an average price target of $10.57.

Vodafone Group Stock Performance

The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 0.84. The business has a fifty day moving average of $16.13 and a 200 day moving average of $15.29.

Hedge Funds Weigh In On Vodafone Group

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