Vodafone Group (NASDAQ:VOD) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Vodafone Group (NASDAQ:VOD) from a sell rating to a buy rating in a research report sent to investors on Friday, MarketBeat Ratings reports.

A number of other analysts have also weighed in on VOD. New Street Research raised Vodafone Group from a “neutral” rating to a “buy” rating in a research note on Friday, July 10th. Zacks Research downgraded shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. Wall Street Zen upgraded shares of Vodafone Group from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Barclays lowered shares of Vodafone Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 11th. Finally, DZ Bank cut shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.57.

Vodafone Group Price Performance

VOD opened at $16.90 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.11 and a current ratio of 1.14. The stock’s 50 day simple moving average is $15.38 and its 200 day simple moving average is $15.18. Vodafone Group has a 1 year low of $11.12 and a 1 year high of $17.15.

Institutional Trading of Vodafone Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LP boosted its position in Vodafone Group by 12.0% during the 2nd quarter. Corient Private Wealth LP now owns 125,698 shares of the cell phone carrier’s stock valued at $1,665,000 after acquiring an additional 13,503 shares in the last quarter. Tucker Asset Management LLC purchased a new position in shares of Vodafone Group in the 2nd quarter valued at approximately $403,000. HighTower Advisors LLC lifted its stake in shares of Vodafone Group by 36.1% in the 2nd quarter. HighTower Advisors LLC now owns 269,517 shares of the cell phone carrier’s stock valued at $3,564,000 after purchasing an additional 71,551 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of Vodafone Group during the second quarter valued at approximately $45,000. Finally, HB Wealth Management LLC purchased a new stake in Vodafone Group in the second quarter worth $154,000. 7.84% of the stock is currently owned by hedge funds and other institutional investors.

About Vodafone Group

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.