Zacks Investment Research Upgrades Vodafone Group Public (NASDAQ:VOD) to “Hold”

Vodafone Group Public (NASDAQ:VODGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday, Zacks.com reports.

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. “

Several other equities analysts also recently weighed in on the company. StockNews.com assumed coverage on Vodafone Group Public in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Argus downgraded shares of Vodafone Group Public from a “buy” rating to a “hold” rating in a report on Thursday, January 20th. Deutsche Bank Aktiengesellschaft decreased their price objective on Vodafone Group Public from GBX 230 ($2.84) to GBX 225 ($2.77) in a report on Friday, April 1st. UBS Group reduced their target price on Vodafone Group Public from GBX 147 ($1.81) to GBX 146 ($1.80) in a research report on Wednesday. Finally, Credit Suisse Group decreased their price objective on shares of Vodafone Group Public from GBX 150 ($1.85) to GBX 140 ($1.73) in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Vodafone Group Public presently has an average rating of “Buy” and a consensus price target of $116.11.

NASDAQ VOD traded up $0.13 during trading hours on Thursday, reaching $14.87. 51,994 shares of the company’s stock traded hands, compared to its average volume of 6,553,035. Vodafone Group Public has a 52-week low of $14.42 and a 52-week high of $19.05. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.00. The firm has a 50-day simple moving average of $16.30 and a 200 day simple moving average of $16.26.

A number of institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA increased its position in Vodafone Group Public by 251.4% during the first quarter. BNP Paribas Arbitrage SA now owns 348,522 shares of the cell phone carrier’s stock worth $5,792,000 after purchasing an additional 249,329 shares during the last quarter. Gabelli Funds LLC increased its holdings in shares of Vodafone Group Public by 1.2% during the 1st quarter. Gabelli Funds LLC now owns 758,200 shares of the cell phone carrier’s stock worth $12,601,000 after buying an additional 8,900 shares during the last quarter. Gamco Investors INC. ET AL raised its position in shares of Vodafone Group Public by 3.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 41,870 shares of the cell phone carrier’s stock worth $696,000 after buying an additional 1,500 shares during the period. Advisors Asset Management Inc. grew its position in Vodafone Group Public by 16.2% during the first quarter. Advisors Asset Management Inc. now owns 98,118 shares of the cell phone carrier’s stock valued at $1,631,000 after acquiring an additional 13,705 shares during the period. Finally, Beacon Pointe Advisors LLC increased its stake in Vodafone Group Public by 448.6% during the first quarter. Beacon Pointe Advisors LLC now owns 502,101 shares of the cell phone carrier’s stock worth $8,345,000 after acquiring an additional 410,585 shares during the last quarter. Hedge funds and other institutional investors own 9.07% of the company’s stock.

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.

Recommended Stories

Get a free copy of the Zacks research report on Vodafone Group Public (VOD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Vodafone Group Public (NASDAQ:VOD)

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