Vodafone Group (VOD) Rating Lowered to Hold at BidaskClub

Vodafone Group (NASDAQ:VOD) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

VOD has been the topic of several other research reports. Barclays raised shares of Vodafone Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, December 8th. Zacks Investment Research cut shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 18th. UBS Group reaffirmed a “buy” rating on shares of Vodafone Group in a research note on Friday, October 27th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Vodafone Group in a research note on Thursday, November 23rd. Finally, Raymond James Financial raised shares of Vodafone Group from a “market perform” rating to a “strong-buy” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $32.14.

Shares of Vodafone Group (VOD) remained flat at $$31.58 on Thursday. The company’s stock had a trading volume of 2,934,361 shares, compared to its average volume of 2,880,000. Vodafone Group has a twelve month low of $24.31 and a twelve month high of $32.75. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.95 and a current ratio of 0.96. The company has a market cap of $83,670.00, a price-to-earnings ratio of -83.11, a PEG ratio of 2.20 and a beta of 0.94.

Hedge funds have recently made changes to their positions in the company. Quantitative Systematic Strategies LLC acquired a new position in shares of Vodafone Group during the 3rd quarter valued at about $1,316,000. Arrowstreet Capital Limited Partnership raised its holdings in Vodafone Group by 47.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,013,916 shares of the cell phone carrier’s stock valued at $86,590,000 after buying an additional 975,277 shares during the period. FDx Advisors Inc. raised its holdings in Vodafone Group by 7.6% in the 3rd quarter. FDx Advisors Inc. now owns 173,979 shares of the cell phone carrier’s stock valued at $4,951,000 after buying an additional 12,304 shares during the period. Cetera Investment Advisers purchased a new stake in Vodafone Group in the 2nd quarter valued at about $1,456,000. Finally, Cable Hill Partners LLC purchased a new stake in Vodafone Group in the 3rd quarter valued at about $343,000. 10.23% of the stock is currently owned by hedge funds and other institutional investors.

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Vodafone Group Company Profile

Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.

Analyst Recommendations for Vodafone Group (NASDAQ:VOD)

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