Vodafone Group Public (NASDAQ:VOD) Downgraded to Underperform at Credit Suisse Group

Credit Suisse Group cut shares of Vodafone Group Public (NASDAQ:VODGet Rating) from an outperform rating to an underperform rating in a research note issued to investors on Tuesday morning, The Fly reports.

Several other equities analysts have also recently issued reports on VOD. JPMorgan Chase & Co. dropped their price objective on shares of Vodafone Group Public from GBX 165 ($1.95) to GBX 120 ($1.42) in a research note on Wednesday, October 5th. Sanford C. Bernstein cut shares of Vodafone Group Public from an outperform rating to a market perform rating in a research note on Monday, August 1st. Oddo Bhf raised shares of Vodafone Group Public from a neutral rating to an outperform rating in a research note on Tuesday, October 4th. UBS Group dropped their price objective on shares of Vodafone Group Public from GBX 146 ($1.73) to GBX 143 ($1.69) in a research note on Tuesday, July 26th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Vodafone Group Public from GBX 225 ($2.66) to GBX 215 ($2.54) in a research note on Thursday, September 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $147.17.

Vodafone Group Public Stock Down 2.0 %

Shares of Vodafone Group Public stock opened at $11.37 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 1.02. The firm’s fifty day simple moving average is $11.75 and its 200-day simple moving average is $13.84. Vodafone Group Public has a 12 month low of $10.85 and a 12 month high of $19.05.

Vodafone Group Public Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, February 3rd. Investors of record on Friday, November 25th will be given a $0.4483 dividend. The ex-dividend date is Wednesday, November 23rd. This represents a dividend yield of 7.6%.

Institutional Investors Weigh In On Vodafone Group Public

Several institutional investors and hedge funds have recently made changes to their positions in VOD. Tcwp LLC purchased a new stake in shares of Vodafone Group Public in the 1st quarter worth about $26,000. Eagle Bay Advisors LLC purchased a new stake in shares of Vodafone Group Public in the 2nd quarter worth about $26,000. Boit C F David purchased a new stake in shares of Vodafone Group Public in the 3rd quarter worth about $27,000. Hexagon Capital Partners LLC purchased a new stake in shares of Vodafone Group Public in the 2nd quarter worth about $29,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA boosted its position in shares of Vodafone Group Public by 405.8% in the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,932 shares of the cell phone carrier’s stock worth $30,000 after buying an additional 1,550 shares in the last quarter. 8.66% of the stock is currently owned by hedge funds and other institutional investors.

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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