Vodafone Group PLC (NASDAQ:VOD) Stock Has Average Price Target of $10.57 According to Brokerages

Shares of Vodafone Group PLC (NASDAQ:VOD) have received an average recommendation of “Hold” from the ten analysts that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $10.57.

VOD has been the topic of several recent analyst reports. Zacks Research lowered shares of Vodafone Group from a “hold” rating to a “strong sell” rating in a report on Thursday, September 17th. The Goldman Sachs Group upgraded shares of Vodafone Group from a “sell” rating to a “buy” rating in a research report on Friday, September 4th. Wall Street Zen cut shares of Vodafone Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 22nd. Weiss Ratings upgraded shares of Vodafone Group from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday. Finally, New Street Research upgraded Vodafone Group from a “neutral” rating to a “buy” rating in a research note on Friday, July 10th.

Vodafone Group Trading Down 5.6%

VOD stock opened at $15.56 on Friday. Vodafone Group has a 52 week low of $11.12 and a 52 week high of $17.71. The business has a 50-day simple moving average of $16.44 and a 200 day simple moving average of $15.50. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 0.84.

Institutional Trading of Vodafone Group

Several large investors have recently bought and sold shares of VOD. Bayban raised its stake in Vodafone Group by 6,696.7% during the first 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. Western Wealth Management LLC acquired a new stake in shares of Vodafone Group in the 1st quarter valued at approximately $34,000. Manchester Capital Management LLC grew its holdings in shares of Vodafone Group by 207.6% during the 4th quarter. Manchester Capital Management LLC now owns 3,282 shares of the cell phone carrier’s stock valued at $43,000 after purchasing an additional 2,215 shares during the last quarter. Assetmark Inc. increased its position in Vodafone Group by 31.5% during the 1st quarter. Assetmark Inc. now owns 2,992 shares of the cell phone carrier’s stock worth $45,000 after purchasing an additional 717 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in Vodafone Group in the 2nd quarter valued at approximately $45,000. 7.84% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Vodafone Group

Here are the key news stories impacting Vodafone Group this week:

• Positive Sentiment: Vodafone raised its cost-reduction target for VodafoneThree to approximately £1 billion by 2032, or about $1.32 billion. Management expects the U.K. unit to become a key contributor to its medium-term goals, potentially improving margins and cash flow. Vodafone Raises Savings Target for U.K. Unit
• Positive Sentiment: The company outlined growth ambitions and plans to build the U.K.’s best network, suggesting that cost savings will be paired with network investment and efforts to improve competitiveness. Vodafone Strategy and Growth Transcript
• Neutral Sentiment: The October 8 briefing placed the savings plan and broader strategy in focus. While the targets could support the stock, investors may want more detail on timing, implementation and the financial impact of VodafoneThree. Vodafone October 8 Briefing
• Neutral Sentiment: Reported short-interest data showed zero shares sold short as of October 9, implying no measurable short-selling pressure based on the reported figures. However, the data may be incomplete or inconsistent with the description of a “significant increase.”
• Negative Sentiment: The £1 billion savings target is not expected until 2032, leaving a lengthy execution period and uncertainty over restructuring costs, customer response and whether VodafoneThree can deliver the promised growth. This may be contributing to caution despite the favorable headline.

Vodafone Group Company Profile

Vodafone Group Plc is a telecommunications company headquartered in the United Kingdom. It provides mobile voice and data services, fixed-line broadband, digital television and related communications services to consumers and businesses.

The company also serves enterprise customers through Vodafone Business, offering connectivity, cloud and hosting services, cybersecurity, unified communications, and Internet of Things solutions. Vodafone’s operations and partnerships span several European markets and countries in Africa, with services delivered through mobile and fixed networks.

Vodafone traces its origins to the mobile telecommunications business of Racal Electronics and became an independent company in 1991.