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

Vodafone Group Public Limited (NASDAQ:VODGet Rating) has been given an average recommendation of “Buy” by the fourteen ratings firms that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $165.25.

A number of research firms have recently commented on VOD. Citigroup began coverage on shares of Vodafone Group Public in a report on Wednesday, May 18th. They set a “buy” rating on the stock. Barclays cut their price target on shares of Vodafone Group Public from GBX 155 ($1.95) to GBX 150 ($1.89) in a report on Wednesday, May 18th. StockNews.com assumed coverage on shares of Vodafone Group Public in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Jefferies Financial Group downgraded shares of Vodafone Group Public from a “buy” rating to a “hold” rating in a research report on Thursday, May 12th. Finally, Credit Suisse Group lowered their price objective on shares of Vodafone Group Public from GBX 150 ($1.89) to GBX 140 ($1.76) in a research report on Wednesday, May 18th.

A number of institutional investors and hedge funds have recently made changes to their positions in VOD. Advisory Services Network LLC raised its holdings in shares of Vodafone Group Public by 132.1% in the 1st quarter. Advisory Services Network LLC now owns 49,859 shares of the cell phone carrier’s stock valued at $829,000 after purchasing an additional 28,378 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in shares of Vodafone Group Public by 5.5% in the 1st quarter. Neuberger Berman Group LLC now owns 22,303 shares of the cell phone carrier’s stock valued at $371,000 after purchasing an additional 1,156 shares in the last quarter. Capital International Investors bought a new stake in shares of Vodafone Group Public in the 1st quarter valued at about $14,928,000. BNP Paribas Arbitrage SA grew its position in shares of Vodafone Group Public by 251.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 348,522 shares of the cell phone carrier’s stock worth $5,792,000 after buying an additional 249,329 shares during the last quarter. Finally, Gabelli Funds LLC grew its position in shares of Vodafone Group Public by 1.2% in 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. Institutional investors own 9.07% of the company’s stock.

Shares of NASDAQ VOD opened at $16.01 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.89 and a debt-to-equity ratio of 1.02. Vodafone Group Public has a 1 year low of $14.42 and a 1 year high of $19.05. The company’s 50-day moving average is $16.27 and its 200 day moving average is $16.28.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, August 5th. Investors of record on Monday, June 6th will be issued a dividend of $0.455 per share. The ex-dividend date is Friday, June 3rd. This represents a yield of 9.6%.

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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