Vodafone Group Public (NASDAQ:VOD) Sees Unusually-High Trading Volume

Vodafone Group Public Limited (NASDAQ:VODGet Rating) shares saw unusually-strong trading volume on Thursday . Approximately 377,622 shares were traded during mid-day trading, a decline of 94% from the previous session’s volume of 6,646,435 shares.The stock last traded at $15.50 and had previously closed at $15.46.

Several research firms have commented on VOD. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Vodafone Group Public from GBX 230 ($2.79) to GBX 225 ($2.73) in a report on Friday, April 1st. StockNews.com raised shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a report on Monday, May 30th. UBS Group decreased their price objective on shares of Vodafone Group Public from GBX 147 ($1.78) to GBX 146 ($1.77) in a research report on Wednesday, May 18th. JPMorgan Chase & Co. increased their price target on shares of Vodafone Group Public from GBX 170 ($2.06) to GBX 175 ($2.12) in a research report on Wednesday, June 1st. Finally, Citigroup initiated coverage on Vodafone Group Public in a report on Wednesday, May 18th. They issued a “buy” rating for the company. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $142.11.

The stock has a fifty day moving average of $16.02 and a 200-day moving average of $16.34. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 1.02.

The company also recently announced a Semi-Annual dividend, which will be paid on Friday, August 5th. Shareholders of record on Monday, June 6th will be issued a $0.455 dividend. This represents a dividend yield of 9.6%. The ex-dividend date is Friday, June 3rd.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wetherby Asset Management Inc. lifted its position in shares of Vodafone Group Public by 3.6% in the fourth quarter. Wetherby Asset Management Inc. now owns 19,461 shares of the cell phone carrier’s stock valued at $291,000 after acquiring an additional 677 shares in the last quarter. Bridge Creek Capital Management LLC lifted its holdings in Vodafone Group Public by 0.5% during the 1st quarter. Bridge Creek Capital Management LLC now owns 145,275 shares of the cell phone carrier’s stock worth $2,414,000 after buying an additional 688 shares during the last quarter. 180 Wealth Advisors LLC lifted its holdings in shares of Vodafone Group Public by 5.7% in the 1st quarter. 180 Wealth Advisors LLC now owns 13,041 shares of the cell phone carrier’s stock valued at $224,000 after purchasing an additional 707 shares during the last quarter. Private Capital Group LLC increased its position in Vodafone Group Public by 57.9% in the 1st quarter. Private Capital Group LLC now owns 1,989 shares of the cell phone carrier’s stock valued at $33,000 after acquiring an additional 729 shares during the period. Finally, Valeo Financial Advisors LLC increased its position in Vodafone Group Public by 5.6% during the 1st quarter. Valeo Financial Advisors LLC now owns 14,079 shares of the cell phone carrier’s stock worth $234,000 after purchasing an additional 745 shares during the period. Hedge funds and other institutional investors own 9.07% of the company’s stock.

Vodafone Group Public Company Profile (NASDAQ:VOD)

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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