Vodafone Group Public Limited (NASDAQ:VOD) Receives Average Rating of “Buy” from Brokerages

Shares of Vodafone Group Public Limited (NASDAQ:VODGet Rating) have been given an average recommendation of “Buy” by the thirteen ratings firms that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $175.67.

Several research firms recently issued reports on VOD. Argus cut Vodafone Group Public from a “buy” rating to a “hold” rating in a report on Thursday, January 20th. UBS Group reduced their target price on Vodafone Group Public from GBX 157 ($2.00) to GBX 147 ($1.87) in a report on Tuesday, April 12th. Deutsche Bank Aktiengesellschaft reduced their target price on Vodafone Group Public from GBX 230 ($2.93) to GBX 225 ($2.87) in a report on Friday, April 1st. Zacks Investment Research cut Vodafone Group Public from a “buy” rating to a “hold” rating in a report on Saturday, April 23rd. Finally, StockNews.com started coverage on Vodafone Group Public in a report on Thursday, March 31st. They set a “hold” rating on the stock.

Several large investors have recently bought and sold shares of the business. ACR Alpine Capital Research LLC increased its position in shares of Vodafone Group Public by 10.5% during the 1st quarter. ACR Alpine Capital Research LLC now owns 11,824,204 shares of the cell phone carrier’s stock worth $196,518,000 after purchasing an additional 1,127,276 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Vodafone Group Public by 92.1% during the 3rd quarter. Goldman Sachs Group Inc. now owns 11,178,068 shares of the cell phone carrier’s stock worth $172,701,000 after acquiring an additional 5,358,099 shares during the period. Morgan Stanley boosted its stake in shares of Vodafone Group Public by 1.8% during the 3rd quarter. Morgan Stanley now owns 7,010,852 shares of the cell phone carrier’s stock worth $108,318,000 after acquiring an additional 121,056 shares during the period. ICICI Prudential Asset Management Co Ltd boosted its stake in shares of Vodafone Group Public by 28.3% during the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 6,921,442 shares of the cell phone carrier’s stock worth $103,337,000 after acquiring an additional 1,525,402 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Vodafone Group Public by 3.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,860,805 shares of the cell phone carrier’s stock worth $105,999,000 after acquiring an additional 208,558 shares during the period. 9.07% of the stock is currently owned by hedge funds and other institutional investors.

Vodafone Group Public stock opened at $16.27 on Friday. The business’s 50-day simple moving average is $16.90 and its 200 day simple moving average is $16.29. Vodafone Group Public has a 12-month low of $14.53 and a 12-month high of $20.36. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.00.

About Vodafone Group Public (Get Rating)

Vodafone Group Public Limited Company engages in telecommunication services in Europe and internationally. The company offers mobile services that enable customers to call, text, and access data; fixed line services, including broadband, television (TV) offerings, and voice; and convergence services under the GigaKombi and Vodafone One names to customers.

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Analyst Recommendations for Vodafone Group Public (NASDAQ:VOD)

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