Vodafone Group (NASDAQ:VOD) Stock Rating Lowered by DZ Bank

Vodafone Group (NASDAQ:VOD) was downgraded by DZ Bank from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

A number of other research analysts have also recently commented on VOD. UBS Group upgraded shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Zacks Research upgraded Vodafone Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings downgraded Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $72.00.

Vodafone Group Price Performance

NASDAQ:VOD opened at $15.48 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.84. The company has a 50-day moving average of $15.17 and a 200-day moving average of $14.05. Vodafone Group has a 52 week low of $9.21 and a 52 week high of $16.60.

Institutional Trading of Vodafone Group

Several hedge funds have recently modified their holdings of the company. Bayban boosted its holdings in shares of Vodafone Group by 6,696.7% in the 1st quarter. Bayban now owns 2,039 shares of the cell phone carrier’s stock worth $31,000 after acquiring an additional 2,009 shares in the last quarter. Assetmark Inc. increased its holdings in Vodafone Group by 156.8% during the 4th quarter. Assetmark Inc. now owns 2,275 shares of the cell phone carrier’s stock valued at $30,000 after purchasing an additional 1,389 shares in the last quarter. American Capital Advisory LLC raised its position in Vodafone Group by 40.8% in the 4th quarter. American Capital Advisory LLC now owns 2,400 shares of the cell phone carrier’s stock valued at $32,000 after purchasing an additional 696 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Vodafone Group by 81.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,651 shares of the cell phone carrier’s stock worth $35,000 after purchasing an additional 1,193 shares in the last quarter. Finally, Manchester Capital Management LLC grew its holdings in shares of Vodafone Group by 207.6% during the fourth quarter. Manchester Capital Management LLC now owns 3,282 shares of the cell phone carrier’s stock worth $43,000 after purchasing an additional 2,215 shares during the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Company Profile

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.