Vodafone Group PLC (NASDAQ:VOD) Receives Average Recommendation of “Reduce” from Brokerages

Vodafone Group PLC (NASDAQ:VOD) has been given a consensus rating of “Reduce” by the nine analysts that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $72.00.

VOD has been the subject of a number of analyst reports. BNP Paribas Exane initiated coverage on Vodafone Group in a research report on Tuesday. They set an “underperform” rating and a $8.00 price objective for the company. Zacks Research upgraded Vodafone Group to a “hold” rating in a research report on Tuesday, August 12th. Berenberg Bank upgraded Vodafone Group to a “hold” rating in a research report on Thursday, June 26th. Morgan Stanley assumed coverage on Vodafone Group in a research report on Wednesday, July 2nd. They set an “equal weight” rating for the company. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Vodafone Group in a research report on Wednesday, October 8th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in VOD. V Square Quantitative Management LLC bought a new stake in shares of Vodafone Group in the 2nd quarter worth $25,000. Atwood & Palmer Inc. bought a new stake in shares of Vodafone Group in the 2nd quarter worth $27,000. Hazlett Burt & Watson Inc. raised its stake in shares of Vodafone Group by 65.5% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier’s stock worth $30,000 after buying an additional 1,250 shares in the last quarter. Wayfinding Financial LLC bought a new stake in shares of Vodafone Group in the 1st quarter worth $31,000. Finally, Sound Income Strategies LLC raised its stake in shares of Vodafone Group by 3,455.7% in the 3rd quarter. Sound Income Strategies LLC now owns 3,449 shares of the cell phone carrier’s stock worth $39,000 after buying an additional 3,352 shares in the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Trading Up 2.0%

NASDAQ:VOD opened at $11.74 on Friday. Vodafone Group has a 12-month low of $8.00 and a 12-month high of $12.06. The firm has a market capitalization of $28.16 billion, a P/E ratio of 10.30, a P/E/G ratio of 0.26 and a beta of 0.62. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.26 and a quick ratio of 1.23. The business has a 50 day simple moving average of $11.61 and a 200 day simple moving average of $10.66.

Vodafone Group 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.