JPMorgan Chase & Co. Reaffirms Underweight Rating for Vodafone Group Public (NASDAQ:VOD)

Vodafone Group Public (NASDAQ:VOD)‘s stock had its “underweight” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a research note issued on Wednesday, MarketBeat reports.

A number of other equities analysts have also recently issued reports on VOD. StockNews.com upgraded Vodafone Group Public from a “hold” rating to a “buy” rating in a report on Friday, April 18th. Bank of America cut shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, March 24th. Finally, DZ Bank upgraded shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Vodafone Group Public has an average rating of “Moderate Buy”.

Vodafone Group Public Stock Performance

VOD stock opened at $9.31 on Wednesday. Vodafone Group Public has a 1-year low of $8.00 and a 1-year high of $10.39. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.78. The stock has a 50-day moving average price of $9.05 and a 200-day moving average price of $8.90. The firm has a market cap of $22.04 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of 0.66 and a beta of 0.58.

Institutional Investors Weigh In On Vodafone Group Public

Institutional investors and hedge funds have recently made changes to their positions in the business. D. E. Shaw & Co. Inc. lifted its holdings in shares of Vodafone Group Public by 341.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,146,322 shares of the cell phone carrier’s stock valued at $35,202,000 after purchasing an additional 3,206,506 shares in the last quarter. ABC Arbitrage SA bought a new position in Vodafone Group Public during the 4th quarter valued at $22,646,000. Voloridge Investment Management LLC purchased a new position in Vodafone Group Public during the 4th quarter worth $21,969,000. Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of Vodafone Group Public by 18.1% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,598,375 shares of the cell phone carrier’s stock worth $123,940,000 after acquiring an additional 2,238,935 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Vodafone Group Public by 177.1% during the third quarter. JPMorgan Chase & Co. now owns 3,356,455 shares of the cell phone carrier’s stock valued at $33,632,000 after purchasing an additional 2,145,085 shares in the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Public Company Profile

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.