Vodafone Group (NASDAQ:VOD) Shares Pass Above 200 Day Moving Average – Time to Sell?

Vodafone Group PLC (NASDAQ:VOD)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.18 and traded as high as $15.19. Vodafone Group shares last traded at $15.02, with a volume of 4,999,315 shares traded.

Analysts Set New Price Targets

A number of research firms have issued reports on VOD. Zacks Research raised Vodafone Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Berenberg Bank raised shares of Vodafone Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 7th. Weiss Ratings restated a “sell (d+)” rating on shares of Vodafone Group in a research report on Wednesday, January 21st. UBS Group upgraded shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Finally, Barclays raised shares of Vodafone Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $72.00.

Vodafone Group Stock Performance

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 company has a 50-day simple moving average of $14.90 and a 200 day simple moving average of $13.18.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Corient Private Wealth LLC raised its holdings in Vodafone Group by 20.3% in the fourth quarter. Corient Private Wealth LLC now owns 91,204 shares of the cell phone carrier’s stock worth $1,205,000 after purchasing an additional 15,405 shares in the last quarter. Auto Owners Insurance Co grew its stake in shares of Vodafone Group by 1,221.5% during the fourth quarter. Auto Owners Insurance Co now owns 525,072 shares of the cell phone carrier’s stock worth $6,936,000 after acquiring an additional 485,339 shares during the last quarter. Pure Financial Advisors LLC acquired a new stake in Vodafone Group in the 4th quarter worth approximately $176,000. SG Trading Solutions LLC purchased a new stake in Vodafone Group during the 4th quarter worth approximately $833,000. Finally, Kovitz Investment Group Partners LLC increased 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 purchasing an additional 1,141 shares in the last quarter. 7.84% of the stock is currently 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.