Deutsche Bank Aktiengesellschaft Lowers Vodafone Group Public (NASDAQ:VOD) Price Target to GBX 215

Vodafone Group Public (NASDAQ:VODGet Rating) had its target price cut by Deutsche Bank Aktiengesellschaft from GBX 225 ($2.72) to GBX 215 ($2.60) in a research note published on Thursday, The Fly reports.

VOD has been the topic of several other research reports. JPMorgan Chase & Co. reduced their price target on shares of Vodafone Group Public from GBX 168 ($2.03) to GBX 165 ($1.99) in a report on Tuesday, July 26th. Sanford C. Bernstein downgraded shares of Vodafone Group Public from an outperform rating to a market perform rating in a report on Monday, August 1st. StockNews.com downgraded shares of Vodafone Group Public from a buy rating to a hold rating in a report on Tuesday. Morgan Stanley reduced their price target on shares of Vodafone Group Public from GBX 180 ($2.17) to GBX 155 ($1.87) in a report on Wednesday, September 7th. Finally, Barclays reduced their price target on shares of Vodafone Group Public from GBX 140 ($1.69) to GBX 120 ($1.45) in a report on Friday, September 16th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Vodafone Group Public has a consensus rating of Hold and a consensus price target of $156.33.

Vodafone Group Public Stock Performance

VOD stock opened at $12.37 on Thursday. Vodafone Group Public has a 52 week low of $12.13 and a 52 week high of $19.05. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.85 and a quick ratio of 0.82. The company’s 50-day moving average price is $13.98 and its 200 day moving average price is $15.33.

Hedge Funds Weigh In On Vodafone Group Public

A number of institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC raised its position 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 buying an additional 1,487,100 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Vodafone Group Public by 5.5% during the second quarter. Price T Rowe Associates Inc. MD now owns 17,805,251 shares of the cell phone carrier’s stock worth $277,406,000 after purchasing an additional 922,429 shares during the last quarter. Bank of America Corp DE increased its position in Vodafone Group Public by 32.2% during the first quarter. Bank of America Corp DE now owns 13,170,727 shares of the cell phone carrier’s stock worth $218,897,000 after purchasing an additional 3,207,740 shares during the last quarter. ACR Alpine Capital Research LLC increased its position in Vodafone Group Public by 3.5% during the second quarter. ACR Alpine Capital Research LLC now owns 12,234,557 shares of the cell phone carrier’s stock worth $190,615,000 after purchasing an additional 410,353 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Vodafone Group Public by 24.0% during the second quarter. JPMorgan Chase & Co. now owns 6,486,246 shares of the cell phone carrier’s stock worth $101,056,000 after purchasing an additional 1,255,489 shares during the last quarter. Institutional investors and hedge funds own 8.66% 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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