Vodafone Group (NASDAQ:VOD) Stock Rating Raised to Hold at Zacks Research

Zacks Research upgraded shares of Vodafone Group (NASDAQ:VOD) from a strong sell rating to a hold rating in a research report sent to investors on Tuesday,Zacks reports.

Other equities research analysts have also recently issued reports about the company. DZ Bank restated a “neutral” rating on shares of Vodafone Group in a research note on Monday, August 17th. Weiss Ratings lowered Vodafone Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 30th. Berenberg Bank reiterated a “buy” rating on shares of Vodafone Group in a report on Friday, October 2nd. UBS Group reissued a “sell” rating on shares of Vodafone Group in a research report on Tuesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Vodafone Group in a report on Friday, October 9th. Four 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $13.13.

Vodafone Group Stock Performance

Shares of NASDAQ VOD opened at $16.28 on Tuesday. Vodafone Group has a 12-month low of $11.21 and a 12-month high of $17.71. The stock’s fifty day simple moving average is $16.35 and its two-hundred day simple moving average is $15.40. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 0.84.

Hedge Funds Weigh In On Vodafone Group

Hedge funds have recently modified their holdings of the stock. Sei Investments Co. lifted its holdings in shares of Vodafone Group by 72.4% in the 1st quarter. Sei Investments Co. now owns 866,316 shares of the cell phone carrier’s stock valued at $13,014,000 after buying an additional 363,694 shares during the period. Merit Financial Group LLC boosted its stake in shares of Vodafone Group by 7,003.0% in the second quarter. Merit Financial Group LLC now owns 788,577 shares of the cell phone carrier’s stock worth $10,429,000 after buying an additional 777,475 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in Vodafone Group by 313.1% during the second quarter. Integrated Wealth Concepts LLC now owns 107,388 shares of the cell phone carrier’s stock worth $1,420,000 after acquiring an additional 81,393 shares during the period. Concurrent Investment Advisors LLC grew its holdings in Vodafone Group by 415.8% during the second quarter. Concurrent Investment Advisors LLC now owns 52,829 shares of the cell phone carrier’s stock worth $699,000 after acquiring an additional 42,587 shares during the period. Finally, Three Seasons Wealth LLC raised its position in Vodafone Group by 972.1% during the second quarter. Three Seasons Wealth LLC now owns 165,685 shares of the cell phone carrier’s stock valued at $2,191,000 after acquiring an additional 150,231 shares in the last quarter. 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.