Vodafone Group Public (NASDAQ:VOD) Downgraded by Sanford C. Bernstein to “Market Perform”

Sanford C. Bernstein downgraded shares of Vodafone Group Public (NASDAQ:VODGet Rating) from an outperform rating to a market perform rating in a report released on Monday morning, The Fly reports.

Several other equities analysts also recently issued reports on the company. Jefferies Financial Group downgraded Vodafone Group Public from a buy rating to a hold rating in a research report on Thursday, May 12th. Morgan Stanley dropped their target price on Vodafone Group Public from GBX 190 ($2.33) to GBX 180 ($2.21) in a report on Thursday, July 7th. Barclays cut Vodafone Group Public from an overweight rating to an equal weight rating in a report on Wednesday, June 22nd. StockNews.com cut Vodafone Group Public from a strong-buy rating to a buy rating in a report on Wednesday, July 6th. Finally, UBS Group dropped their target price on Vodafone Group Public from GBX 146 ($1.79) to GBX 143 ($1.75) in a report on Tuesday, July 26th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Vodafone Group Public has an average rating of Hold and a consensus price target of $167.17.

Vodafone Group Public Price Performance

Shares of NASDAQ VOD opened at $14.78 on Monday. 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 stock has a 50 day simple moving average of $15.61 and a 200-day simple moving average of $16.38. Vodafone Group Public has a 12-month low of $14.31 and a 12-month high of $19.05.

Vodafone Group Public Cuts Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, June 3rd. This represents a dividend yield of 9.6%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Comerica Bank grew its position in Vodafone Group Public by 6.0% during the 1st quarter. Comerica Bank now owns 152,468 shares of the cell phone carrier’s stock worth $2,583,000 after purchasing an additional 8,569 shares in the last quarter. Miller Howard Investments Inc. NY grew its position in Vodafone Group Public by 32.0% during the 4th quarter. Miller Howard Investments Inc. NY now owns 455,196 shares of the cell phone carrier’s stock worth $6,796,000 after purchasing an additional 110,303 shares in the last quarter. Valeo Financial Advisors LLC grew 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 in the last quarter. Investors Research Corp grew its position in Vodafone Group Public by 5.5% during the 1st quarter. Investors Research Corp now owns 28,586 shares of the cell phone carrier’s stock worth $475,000 after purchasing an additional 1,500 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Vodafone Group Public by 42.2% during the 4th quarter. BNP Paribas Arbitrage SA now owns 99,193 shares of the cell phone carrier’s stock valued at $1,481,000 after acquiring an additional 29,413 shares in the last quarter. Institutional investors own 9.07% of the company’s stock.

About Vodafone Group Public

(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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Analyst Recommendations for Vodafone Group Public (NASDAQ:VOD)

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