Vodafone Group Public (NASDAQ:VOD) Downgraded to “Buy” at StockNews.com

StockNews.com downgraded shares of Vodafone Group Public (NASDAQ:VOD – Get Rating) from a strong-buy rating to a buy rating in a research note published on Tuesday morning.

A number of other research firms also recently issued reports on VOD. Credit Suisse Group cut their target price on shares of Vodafone Group Public from GBX 150 ($1.84) to GBX 140 ($1.72) in a research report on Wednesday, May 18th. Jefferies Financial Group downgraded shares of Vodafone Group Public from a buy rating to a hold rating in a research report on Thursday, May 12th. Morgan Stanley cut their price target on shares of Vodafone Group Public from GBX 190 ($2.33) to GBX 180 ($2.21) in a research report on Thursday, July 7th. JPMorgan Chase & Co. cut their price target on shares of Vodafone Group Public from GBX 168 ($2.06) to GBX 165 ($2.02) in a research report on Tuesday, July 26th. Finally, UBS Group cut their price target on shares of Vodafone Group Public from GBX 146 ($1.79) to GBX 143 ($1.75) in a research report on Tuesday, July 26th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Vodafone Group Public has a consensus rating of Hold and a consensus target price of $167.17.

Vodafone Group Public Price Performance

Vodafone Group Public stock opened at $14.64 on Tuesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.82 and a current ratio of 0.85. Vodafone Group Public has a 1 year low of $14.31 and a 1 year high of $19.05. The company’s 50-day moving average is $15.57 and its two-hundred day moving average is $16.36.

Vodafone Group Public Cuts Dividend

The business 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 dividend of $0.455 per share. The ex-dividend date of this dividend is Friday, June 3rd. This represents a yield of 9.6%.

Hedge Funds Weigh In On Vodafone Group Public

Several hedge funds have recently made changes to their positions in VOD. Ruffer LLP bought a new position in shares of Vodafone Group Public during the 1st quarter worth approximately $70,827,000. JPMorgan Chase & Co. grew its stake in shares of Vodafone Group Public by 313.4% during the 1st quarter. JPMorgan Chase & Co. now owns 5,230,757 shares of the cell phone carrier’s stock worth $86,936,000 after acquiring an additional 3,965,329 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Vodafone Group Public by 32.2% during the 1st quarter. Bank of America Corp DE now owns 13,170,727 shares of the cell phone carrier’s stock worth $218,897,000 after acquiring an additional 3,207,740 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Vodafone Group Public by 141.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,012,386 shares of the cell phone carrier’s stock worth $66,686,000 after acquiring an additional 2,350,386 shares in the last quarter. Finally, ICICI Prudential Asset Management Co Ltd grew its stake in shares of Vodafone Group Public by 28.3% during the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 6,921,442 shares of the cell phone carrier’s stock worth $103,337,000 after acquiring an additional 1,525,402 shares in the last quarter. 9.07% of the stock is owned by institutional investors.

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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