Vodafone (VOD) Downgraded to Hold at BidaskClub

BidaskClub lowered shares of Vodafone (NASDAQ:VOD) from a buy rating to a hold rating in a report issued on Friday.

A number of other analysts have also weighed in on VOD. Raymond James upgraded shares of Vodafone from a market perform rating to a strong-buy rating in a research note on Wednesday, January 17th. Numis Securities upgraded shares of Vodafone from an add rating to a buy rating in a research note on Monday, February 5th. Bank of America reiterated a buy rating and issued a $37.26 price objective on shares of Vodafone in a research note on Monday, February 5th. Citigroup upgraded shares of Vodafone from a neutral rating to a buy rating in a research note on Wednesday, April 4th. Finally, ValuEngine upgraded shares of Vodafone from a hold rating to a buy rating in a research note on Thursday, March 15th. Two analysts have rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $31.76.

How to Become a New Pot Stock Millionaire

Vodafone stock traded up $0.28 during mid-day trading on Friday, reaching $29.74. 5,931,655 shares of the company traded hands, compared to its average volume of 2,843,158. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.46. Vodafone has a fifty-two week low of $25.78 and a fifty-two week high of $32.75. The firm has a market capitalization of $78,583.70, a price-to-earnings ratio of 33.42, a PEG ratio of 2.08 and a beta of 0.83.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bremer Trust National Association boosted its holdings in Vodafone by 11.9% during the fourth quarter. Bremer Trust National Association now owns 15,908 shares of the cell phone carrier’s stock worth $508,000 after buying an additional 1,698 shares in the last quarter. American International Group Inc. boosted its holdings in Vodafone by 7.0% during the third quarter. American International Group Inc. now owns 26,250 shares of the cell phone carrier’s stock worth $747,000 after buying an additional 1,709 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in Vodafone by 60.9% during the fourth quarter. Proficio Capital Partners LLC now owns 4,641 shares of the cell phone carrier’s stock worth $148,000 after buying an additional 1,757 shares in the last quarter. Hardman Johnston Global Advisors LLC boosted its holdings in Vodafone by 4.3% during the fourth quarter. Hardman Johnston Global Advisors LLC now owns 44,737 shares of the cell phone carrier’s stock worth $1,427,000 after buying an additional 1,858 shares in the last quarter. Finally, Synovus Financial Corp boosted its holdings in Vodafone by 12.0% during the fourth quarter. Synovus Financial Corp now owns 17,765 shares of the cell phone carrier’s stock worth $566,000 after buying an additional 1,898 shares in the last quarter. 10.91% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This piece was first posted by Week Herald and is the property of of Week Herald. If you are viewing this piece on another publication, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark legislation. The original version of this piece can be viewed at https://weekherald.com/2018/04/21/vodafone-vod-downgraded-to-hold-at-bidaskclub.html.

Vodafone Company Profile

Vodafone Group Plc operates as a telecommunications company worldwide. The company offers voice, messaging, and data services across mobile and fixed networks; broadband and TV services; cloud and hosting for storing data and applications in the cloud, as well as Internet protocol-virtual private network services; roaming services; and converged communication services to small businesses and large multinational companies.

Analyst Recommendations for Vodafone (NASDAQ:VOD)

Receive News & Ratings for Vodafone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vodafone and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply