Analysts Set Vodafone Group PLC (NASDAQ:VOD) Price Target at $72.00

Vodafone Group PLC (NASDAQ:VOD) has been given a consensus recommendation of “Reduce” by the nine analysts that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $72.00.

Several research firms have recently weighed in on VOD. UBS Group raised Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Vodafone Group in a report on Wednesday, January 21st. Zacks Research raised Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, Berenberg Bank raised Vodafone Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 7th.

Vodafone Group Stock Down 0.3%

Shares of NASDAQ:VOD opened at $15.65 on Friday. The company’s fifty day moving average price is $15.09 and its 200 day moving average price is $13.43. Vodafone Group has a 12 month low of $8.88 and a 12 month high of $15.94. The company has a current ratio of 1.17, a quick ratio of 1.13 and a debt-to-equity ratio of 0.78.

Institutional Trading of Vodafone Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Corient Private Wealth LLC lifted its holdings in shares of Vodafone Group by 20.3% in the 4th quarter. Corient Private Wealth LLC now owns 91,204 shares of the cell phone carrier’s stock valued at $1,205,000 after purchasing an additional 15,405 shares during the last quarter. Auto Owners Insurance Co raised its stake in Vodafone Group by 1,221.5% during the 4th quarter. Auto Owners Insurance Co now owns 525,072 shares of the cell phone carrier’s stock valued at $6,936,000 after acquiring an additional 485,339 shares during the last quarter. Pure Financial Advisors LLC purchased a new stake in Vodafone Group during the 4th quarter valued at approximately $176,000. SG Trading Solutions LLC purchased a new stake in Vodafone Group during the 4th quarter valued at approximately $833,000. Finally, Kovitz Investment Group Partners LLC raised its stake in Vodafone Group by 1.0% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 114,566 shares of the cell phone carrier’s stock valued at $1,513,000 after acquiring an additional 1,141 shares during the last quarter. 7.84% of the stock is owned by hedge funds and other institutional investors.

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.