Vodafone Group PLC (NASDAQ:VOD) Stock Has Average Target Price of $13.13

Vodafone Group PLC (NASDAQ:VOD) has been given a consensus rating of “Reduce” by the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $13.13.

Several equities research analysts recently commented on VOD shares. New Street Research upgraded Vodafone Group from a “neutral” rating to a “buy” rating in a research report on Friday, July 10th. Berenberg Bank reaffirmed a “buy” rating on shares of Vodafone Group in a research note on Friday, October 2nd. Wall Street Zen downgraded Vodafone Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 22nd. Zacks Research lowered Vodafone Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 17th. Finally, Morningstar cut Vodafone Group to a “hold” rating in a report on Thursday, July 30th.

Vodafone Group Stock Performance

NASDAQ:VOD opened at $15.62 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.11. Vodafone Group has a fifty-two week low of $11.12 and a fifty-two week high of $17.71. The company has a 50 day simple moving average of $16.34 and a two-hundred day simple moving average of $15.39.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of VOD. Boit C F David acquired a new stake in Vodafone Group in the third quarter worth $25,000. Bayban raised its holdings in shares of Vodafone Group by 6,696.7% during the first quarter. Bayban now owns 2,039 shares of the cell phone carrier’s stock valued at $31,000 after purchasing an additional 2,009 shares during the period. Western Wealth Management LLC acquired a new position in Vodafone Group during the 1st quarter worth approximately $34,000. Assetmark Inc. boosted its holdings in Vodafone Group by 31.5% in the first quarter. Assetmark Inc. now owns 2,992 shares of the cell phone carrier’s stock worth $45,000 after acquiring an additional 717 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in Vodafone Group in the second quarter valued at approximately $45,000. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Company Profile

Vodafone Group Plc is a telecommunications company headquartered in Newbury, England. It provides mobile and fixed-line connectivity, broadband, voice and messaging services, digital communications, and related technology solutions to consumers, businesses, and public-sector organizations.

The company operates primarily across Europe and Africa. Its consumer businesses offer mobile plans, home broadband, television and other digital services, while Vodafone Business provides connectivity, cloud, cybersecurity, Internet of Things, unified communications, and managed technology services.