Vodafone Group (NASDAQ:VOD) Stock Rating Lowered by Barclays

Vodafone Group (NASDAQ:VOD) was downgraded by analysts at Barclays from an “overweight” rating to an “equal weight” rating in a note issued to investors on Thursday.

Several other brokerages also recently weighed in on VOD. UBS Group upgraded Vodafone Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Bank of America downgraded Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 price target for the company. in a report on Tuesday, May 26th. Weiss Ratings lowered Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 4th. Wall Street Zen raised shares of Vodafone Group from a “sell” rating to a “hold” rating in a research report on Sunday, May 31st. Finally, DZ Bank cut shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Vodafone Group currently has an average rating of “Reduce” and a consensus target price of $52.38.

Vodafone Group Stock Performance

NASDAQ:VOD opened at $15.05 on Thursday. Vodafone Group has a 52 week low of $9.80 and a 52 week high of $16.60. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.11. The firm has a 50 day moving average of $15.32 and a 200 day moving average of $14.45.

Institutional Investors Weigh In On Vodafone Group

A number of large investors have recently bought and sold shares of VOD. ACR Alpine Capital Research LLC raised its position in Vodafone Group by 3.0% during the 1st quarter. ACR Alpine Capital Research LLC now owns 26,854,952 shares of the cell phone carrier’s stock worth $403,361,000 after buying an additional 784,305 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Vodafone Group by 1.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 15,286,509 shares of the cell phone carrier’s stock worth $201,935,000 after purchasing an additional 182,574 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Vodafone Group by 9,637.5% during the fourth quarter. Bank of New York Mellon Corp now owns 8,902,486 shares of the cell phone carrier’s stock valued at $117,602,000 after purchasing an additional 8,811,061 shares during the period. Bank of America Corp DE lifted its position in Vodafone Group by 9.1% during the third quarter. Bank of America Corp DE now owns 7,331,144 shares of the cell phone carrier’s stock valued at $85,041,000 after purchasing an additional 610,409 shares during the period. Finally, SALT Holding Corp. boosted its holdings in Vodafone Group by 5.5% in the third quarter. SALT Holding Corp. now owns 3,821,000 shares of the cell phone carrier’s stock valued at $44,324,000 after purchasing an additional 197,500 shares during the last quarter. Hedge funds and other institutional investors 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.