Vodafone Group Public (NASDAQ:VOD) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Vodafone Group Public (NASDAQ:VOD) from a hold rating to a buy rating in a research report report published on Monday morning.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Vodafone Group Public in a research report on Wednesday, April 23rd. Bank of America cut shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a research report on Monday, March 24th. Finally, DZ Bank raised shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Vodafone Group Public currently has an average rating of “Moderate Buy”.

Vodafone Group Public Trading Up 0.3%

Shares of NASDAQ:VOD opened at $10.42 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.34. The company’s 50-day moving average price is $9.30 and its two-hundred day moving average price is $8.90. The stock has a market capitalization of $26.01 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of 0.66 and a beta of 0.61. Vodafone Group Public has a one year low of $8.00 and a one year high of $10.51.

Vodafone Group Public Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, August 1st. Investors of record on Friday, June 6th will be given a dividend of $0.2355 per share. The ex-dividend date is Friday, June 6th. This represents a dividend yield of 6.6%. Vodafone Group Public’s dividend payout ratio is 39.47%.

Hedge Funds Weigh In On Vodafone Group Public

A number of institutional investors have recently modified their holdings of VOD. Hazlett Burt & Watson Inc. lifted its holdings in shares of Vodafone Group Public by 65.5% in the first quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier’s stock worth $30,000 after acquiring an additional 1,250 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Vodafone Group Public during the 1st quarter valued at $31,000. NBC Securities Inc. increased its holdings in Vodafone Group Public by 116,833.3% in the 1st quarter. NBC Securities Inc. now owns 3,508 shares of the cell phone carrier’s stock worth $32,000 after purchasing an additional 3,505 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Vodafone Group Public by 63.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,881 shares of the cell phone carrier’s stock worth $41,000 after purchasing an additional 1,899 shares during the last quarter. Finally, GeoWealth Management LLC boosted its position in Vodafone Group Public by 258.0% during the 4th quarter. GeoWealth Management LLC now owns 5,180 shares of the cell phone carrier’s stock worth $44,000 after buying an additional 3,733 shares during the period. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Public Company Profile

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.