Vodafone Group Public (NASDAQ:VOD) PT Raised to GBX 175 at JPMorgan Chase & Co.

Vodafone Group Public (NASDAQ:VODGet Rating) had its price target increased by stock analysts at JPMorgan Chase & Co. from GBX 170 ($2.15) to GBX 175 ($2.21) in a research note issued on Wednesday, The Fly reports.

Several other equities analysts also recently commented on VOD. Berenberg Bank downgraded Vodafone Group Public from a “buy” rating to a “hold” rating in a research report on Tuesday, April 5th. UBS Group dropped their price target on Vodafone Group Public from GBX 147 ($1.86) to GBX 146 ($1.85) in a research report on Wednesday, May 18th. Citigroup assumed coverage on Vodafone Group Public in a research report on Wednesday, May 18th. They set a “buy” rating on the stock. Jefferies Financial Group downgraded Vodafone Group Public from a “buy” rating to a “hold” rating in a research report on Thursday, May 12th. Finally, Credit Suisse Group dropped their price target on Vodafone Group Public from GBX 150 ($1.90) to GBX 140 ($1.77) in a research report on Wednesday, May 18th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $124.52.

Shares of NASDAQ VOD traded down $0.14 during trading hours on Wednesday, hitting $16.50. 775,596 shares of the company traded hands, compared to its average volume of 7,161,227. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.82 and a current ratio of 0.85. The company’s 50 day moving average price is $16.24 and its 200 day moving average price is $16.33. Vodafone Group Public has a 12 month low of $14.42 and a 12 month high of $19.05.

A number of institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its holdings in shares of Vodafone Group Public by 5.7% in the first quarter. Renaissance Technologies LLC now owns 27,537,932 shares of the cell phone carrier’s stock valued at $457,680,000 after purchasing an additional 1,487,100 shares during the period. ACR Alpine Capital Research LLC increased its holdings in shares of Vodafone Group Public by 10.5% in the first quarter. ACR Alpine Capital Research LLC now owns 11,824,204 shares of the cell phone carrier’s stock valued at $196,518,000 after purchasing an additional 1,127,276 shares during the period. Morgan Stanley increased its holdings in shares of Vodafone Group Public by 1.8% in the third quarter. Morgan Stanley now owns 7,010,852 shares of the cell phone carrier’s stock valued at $108,318,000 after purchasing an additional 121,056 shares during the period. ICICI Prudential Asset Management Co Ltd increased its holdings in shares of Vodafone Group Public by 28.3% in the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 6,921,442 shares of the cell phone carrier’s stock valued at $103,337,000 after purchasing an additional 1,525,402 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Vodafone Group Public by 3.1% in the third quarter. Bank of New York Mellon Corp now owns 6,860,805 shares of the cell phone carrier’s stock valued at $105,999,000 after purchasing an additional 208,558 shares during the period. Institutional investors own 9.07% of the company’s stock.

Vodafone Group Public Company Profile (Get Rating)

Vodafone Group Public Limited Company engages in telecommunication services in Europe and internationally. The company offers mobile services that enable customers to call, text, and access data; fixed line services, including broadband, television (TV) offerings, and voice; and convergence services under the GigaKombi and Vodafone One names to customers.

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