Vodafone Group PLC (NASDAQ:VOD) Receives $72.00 Average Target Price from Analysts

Shares of Vodafone Group PLC (NASDAQ:VOD) have earned an average rating of “Reduce” from the ten research firms that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $72.00.

VOD has been the topic of a number of analyst reports. Zacks Research upgraded shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Vodafone Group in a research report on Wednesday, January 21st. Berenberg Bank upgraded Vodafone Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 7th. Finally, Barclays raised shares of Vodafone Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th.

Hedge Funds Weigh In On Vodafone Group

Hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC increased its position in Vodafone Group by 21.4% during the 1st quarter. AQR Capital Management LLC now owns 66,351 shares of the cell phone carrier’s stock worth $622,000 after purchasing an additional 11,703 shares in the last quarter. Empowered Funds LLC increased its position in shares of Vodafone Group by 1.9% in the first quarter. Empowered Funds LLC now owns 296,581 shares of the cell phone carrier’s stock worth $2,779,000 after acquiring an additional 5,592 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of Vodafone Group by 19.7% during the 1st quarter. Focus Partners Wealth now owns 20,830 shares of the cell phone carrier’s stock valued at $195,000 after acquiring an additional 3,435 shares in the last quarter. Savant Capital LLC grew its stake in shares of Vodafone Group by 108.1% in the second quarter. Savant Capital LLC now owns 24,990 shares of the cell phone carrier’s stock valued at $266,000 after buying an additional 12,983 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Vodafone Group during the 2nd quarter worth approximately $212,000. 7.84% of the stock is owned by institutional investors and hedge funds.

Vodafone Group Stock Up 0.3%

NASDAQ:VOD opened at $14.42 on Tuesday. Vodafone Group has a 12-month low of $8.05 and a 12-month high of $15.91. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 1.17. The company’s 50-day moving average is $14.71 and its two-hundred day moving average is $13.00.

Vodafone Group Company Profile

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.