Vodafone Group (NASDAQ:VOD) Sets New 1-Year High – Here’s Why

Vodafone Group PLC (NASDAQ:VOD) hit a new 52-week high on Monday . The company traded as high as $12.79 and last traded at $12.7450, with a volume of 1464739 shares. The stock had previously closed at $12.59.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Barclays upgraded Vodafone Group from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Wall Street Zen lowered Vodafone Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Vodafone Group in a research note on Wednesday, October 8th. BNP Paribas raised shares of Vodafone Group to a “strong sell” rating in a research report on Tuesday, October 21st. Finally, BNP Paribas Exane started coverage on shares of Vodafone Group in a research report on Tuesday, October 21st. They issued an “underperform” rating and a $8.00 target price for the company. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $72.00.

Vodafone Group Price Performance

The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 1.17. The company’s 50-day moving average is $11.94 and its two-hundred day moving average is $11.40.

Vodafone Group Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, November 24th will be paid a $0.2567 dividend. This represents a yield of 434.0%. The ex-dividend date of this dividend is Monday, November 24th.

Institutional Investors Weigh In On Vodafone Group

A number of large investors have recently modified their holdings of VOD. V Square Quantitative Management LLC bought a new stake in shares of Vodafone Group during the 2nd quarter worth $25,000. Atwood & Palmer Inc. acquired a new position in Vodafone Group during the second quarter worth about $27,000. Sound Income Strategies LLC lifted its holdings in shares of Vodafone Group by 3,455.7% in the third quarter. Sound Income Strategies LLC now owns 3,449 shares of the cell phone carrier’s stock worth $39,000 after acquiring an additional 3,352 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of Vodafone Group by 38.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,435 shares of the cell phone carrier’s stock valued at $40,000 after purchasing an additional 946 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Vodafone Group by 49.7% during the 2nd quarter. GAMMA Investing LLC now owns 6,632 shares of the cell phone carrier’s stock worth $71,000 after purchasing an additional 2,201 shares in the last quarter. Institutional investors and hedge funds 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.