Vodafone Group (NASDAQ:VOD) Rating Reiterated by Zacks Investment Research

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Vodafone Group (NASDAQ:VOD)‘s stock had its “buy” rating reissued by Zacks Investment Research in a research note issued to investors on Saturday, Zacks.com reports. They currently have a $23.00 price target on the cell phone carrier’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 11.60% from the company’s current price.

According to Zacks, “Vodafone AirTouch Plc is the world’s largest international mobile communications firm. Their primary operation is in digital and analog cellular telephone networks of Vodafone. “

A number of other research analysts have also recently weighed in on the stock. Exane BNP Paribas upgraded shares of Vodafone Group from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 11th. Bank of America reiterated a “buy” rating on shares of Vodafone Group in a research report on Thursday, August 1st. Credit Suisse Group restated a “buy” rating and issued a $190.00 price target on shares of Vodafone Group in a report on Thursday. Morgan Stanley started coverage on shares of Vodafone Group in a report on Wednesday, August 7th. They issued an “overweight” rating on the stock. Finally, BNP Paribas upgraded shares of Vodafone Group from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Vodafone Group currently has an average rating of “Buy” and a consensus target price of $73.92.

VOD stock opened at $20.61 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.55 and a debt-to-equity ratio of 0.77. Vodafone Group has a twelve month low of $15.53 and a twelve month high of $21.73. The stock has a market capitalization of $55.22 billion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 1.31 and a beta of 0.80. The firm’s fifty day simple moving average is $19.65 and its two-hundred day simple moving average is $17.87.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Optimum Investment Advisors lifted its stake in Vodafone Group by 26.3% in the third quarter. Optimum Investment Advisors now owns 2,582 shares of the cell phone carrier’s stock worth $51,000 after acquiring an additional 538 shares during the period. IPG Investment Advisors LLC lifted its stake in Vodafone Group by 3.1% in the second quarter. IPG Investment Advisors LLC now owns 21,342 shares of the cell phone carrier’s stock worth $349,000 after acquiring an additional 650 shares during the period. Fulton Bank N.A. lifted its stake in Vodafone Group by 0.9% in the third quarter. Fulton Bank N.A. now owns 79,673 shares of the cell phone carrier’s stock worth $1,587,000 after acquiring an additional 680 shares during the period. Motco lifted its stake in Vodafone Group by 76.9% in the second quarter. Motco now owns 1,682 shares of the cell phone carrier’s stock worth $27,000 after acquiring an additional 731 shares during the period. Finally, Asset Dedication LLC lifted its stake in Vodafone Group by 72.3% in the second quarter. Asset Dedication LLC now owns 1,923 shares of the cell phone carrier’s stock worth $31,000 after acquiring an additional 807 shares during the period. Hedge funds and other institutional investors own 7.95% of the company’s stock.

Vodafone Group Company Profile

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

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Analyst Recommendations for Vodafone Group (NASDAQ:VOD)

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