Vodafone Group’s (VOD) Sell (D+) Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their sell (d+) rating on shares of Vodafone Group (NASDAQ:VOD) in a research report report published on Wednesday morning,Weiss Ratings reports.

Several other analysts have also commented on the company. Morgan Stanley started coverage on Vodafone Group in a report on Wednesday, July 2nd. They set an “equal weight” rating for the company. Berenberg Bank upgraded Vodafone Group to a “hold” rating in a report on Thursday, June 26th. The Goldman Sachs Group lowered Vodafone Group from a “neutral” rating to a “sell” rating and set a $136.00 price objective for the company. in a report on Thursday, July 31st. Finally, Zacks Research upgraded Vodafone Group to a “hold” rating in a report on Tuesday, August 12th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $136.00.

Vodafone Group Stock Up 0.2%

Shares of NASDAQ VOD opened at $11.30 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $27.11 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 0.54 and a beta of 0.62. The stock’s fifty day simple moving average is $11.59 and its two-hundred day simple moving average is $10.54. Vodafone Group has a 12-month low of $8.00 and a 12-month high of $12.06.

Hedge Funds Weigh In On Vodafone Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VOD. V Square Quantitative Management LLC purchased a new position in Vodafone Group in the 2nd quarter worth $25,000. Atwood & Palmer Inc. purchased a new position in Vodafone Group in the 2nd quarter worth $27,000. Hazlett Burt & Watson Inc. grew its position in Vodafone Group by 65.5% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier’s stock worth $30,000 after purchasing an additional 1,250 shares during the period. Wayfinding Financial LLC acquired a new stake in Vodafone Group during the 1st quarter worth about $31,000. Finally, NBC Securities Inc. grew its position in Vodafone Group by 116,833.3% during 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 during the period. Hedge funds and other institutional investors own 7.84% of the company’s stock.

About Vodafone Group

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.