Vodafone Group (NASDAQ:VOD) Stock Rating Upgraded by UBS Group

Vodafone Group (NASDAQ:VOD) was upgraded by equities research analysts at UBS Group from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other research analysts have also recently issued reports on VOD. Zacks Research raised Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Vodafone Group in a report on Wednesday, January 21st. Barclays raised Vodafone Group from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Finally, Berenberg Bank upgraded Vodafone Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 7th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $72.00.

Vodafone Group Stock Up 1.2%

VOD stock opened at $14.66 on Monday. 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 current ratio of 1.17 and a quick ratio of 1.13. The firm has a 50 day simple moving average of $14.77 and a 200 day simple moving average of $13.08.

Institutional Trading of Vodafone Group

Large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in shares of Vodafone Group by 9,637.5% in the fourth quarter. Bank of New York Mellon Corp now owns 8,902,486 shares of the cell phone carrier’s stock worth $117,602,000 after buying an additional 8,811,061 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Vodafone Group by 22.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 27,680,971 shares of the cell phone carrier’s stock valued at $295,079,000 after buying an additional 5,160,095 shares during the period. JPMorgan Chase & Co. lifted its stake in Vodafone Group by 116.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,076,148 shares of the cell phone carrier’s stock worth $86,092,000 after acquiring an additional 4,352,389 shares in the last quarter. SALT Holding Corp. boosted its position in Vodafone Group by 3,039.6% during the 2nd quarter. SALT Holding Corp. now owns 3,623,500 shares of the cell phone carrier’s stock worth $38,627,000 after acquiring an additional 3,508,086 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in Vodafone Group by 282.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,161,978 shares of the cell phone carrier’s stock valued at $33,707,000 after acquiring an additional 2,335,306 shares in the last quarter. 7.84% of the stock is owned by institutional investors and hedge funds.

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.