Vodafone Group (NASDAQ:VOD) Sets New 12-Month High – What’s Next?

Shares of Vodafone Group PLC (NASDAQ:VOD) reached a new 52-week high during trading on Tuesday . The stock traded as high as $12.96 and last traded at $12.88, with a volume of 3280095 shares trading hands. The stock had previously closed at $12.84.

Wall Street Analyst Weigh In

VOD has been the subject of a number of recent research reports. BNP Paribas raised shares of Vodafone Group to a “strong sell” rating in a report on Tuesday, October 21st. Zacks Research cut Vodafone Group from a “hold” rating to a “strong sell” rating in a research note on Friday, November 14th. UBS Group restated a “sell” rating on shares of Vodafone Group in a research note on Monday, November 3rd. Wall Street Zen cut Vodafone Group from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Vodafone Group in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and seven have assigned a Sell rating to the company. According to MarketBeat.com, Vodafone Group currently has an average rating of “Reduce” and an average target price of $72.00.

Vodafone Group Stock Performance

The stock has a fifty day simple moving average of $12.19 and a two-hundred day simple moving average of $11.54. The company has a quick ratio of 1.13, a current ratio of 1.17 and a debt-to-equity ratio of 0.78.

Vodafone Group Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, February 5th. Stockholders of record on Monday, November 24th will be paid a $0.2567 dividend. This represents a dividend yield of 434.0%. The ex-dividend date is Monday, November 24th.

Institutional Trading of Vodafone Group

A number of hedge funds have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new stake in shares of Vodafone Group during the second quarter worth $25,000. Atwood & Palmer Inc. acquired a new position in Vodafone Group in the 2nd quarter worth about $27,000. Sound Income Strategies LLC raised its position in Vodafone Group by 3,455.7% in the third quarter. Sound Income Strategies LLC now owns 3,449 shares of the cell phone carrier’s stock valued at $39,000 after purchasing an additional 3,352 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of Vodafone Group by 38.0% during the third quarter. CIBC Private Wealth Group LLC now owns 3,435 shares of the cell phone carrier’s stock valued at $40,000 after purchasing an additional 946 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Vodafone Group by 49.7% during the second quarter. GAMMA Investing LLC now owns 6,632 shares of the cell phone carrier’s stock worth $71,000 after purchasing an additional 2,201 shares during the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

About Vodafone Group

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.