Vodafone Group PLC (VOD) Cut to Buy at BidaskClub

BidaskClub cut shares of Vodafone Group PLC (NASDAQ:VOD) from a strong-buy rating to a buy rating in a research report sent to investors on Friday morning.

Several other brokerages also recently commented on VOD. Standpoint Research downgraded shares of Vodafone Group PLC from an accumulate rating to a reduce rating and set a $30.00 price target for the company. in a report on Thursday, June 1st. Sanford C. Bernstein raised shares of Vodafone Group PLC from a market perform rating to an outperform rating in a report on Tuesday, May 30th. Bank of America Corporation raised shares of Vodafone Group PLC from a neutral rating to a buy rating and set a $32.56 price target for the company in a report on Wednesday, August 9th. J P Morgan Chase & Co reissued a buy rating on shares of Vodafone Group PLC in a report on Monday, July 31st. Finally, Numis Securities Ltd assumed coverage on shares of Vodafone Group PLC in a report on Friday, July 14th. They set an add rating for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $31.64.

Shares of Vodafone Group PLC (NASDAQ:VOD) opened at 28.55 on Friday. Vodafone Group PLC has a 1-year low of $24.17 and a 1-year high of $31.67.

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A number of hedge funds have recently bought and sold shares of VOD. Bronfman E.L. Rothschild L.P. increased its stake in Vodafone Group PLC by 68.6% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,862 shares of the cell phone carrier’s stock valued at $102,000 after buying an additional 1,571 shares in the last quarter. Clear Perspective Advisors LLC increased its stake in Vodafone Group PLC by 13.8% in the second quarter. Clear Perspective Advisors LLC now owns 3,628 shares of the cell phone carrier’s stock valued at $104,000 after buying an additional 440 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in Vodafone Group PLC by 239.5% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,217 shares of the cell phone carrier’s stock valued at $111,000 after buying an additional 2,975 shares in the last quarter. Advisory Services Network LLC increased its stake in Vodafone Group PLC by 21.0% in the second quarter. Advisory Services Network LLC now owns 4,433 shares of the cell phone carrier’s stock valued at $127,000 after buying an additional 768 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. increased its stake in Vodafone Group PLC by 4.2% in the first quarter. Winslow Evans & Crocker Inc. now owns 4,956 shares of the cell phone carrier’s stock valued at $131,000 after buying an additional 200 shares in the last quarter. 10.83% of the stock is owned by institutional investors and hedge funds.

Vodafone Group PLC Company Profile

Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.

Analyst Recommendations for Vodafone Group PLC (NASDAQ:VOD)

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