Vodafone Group Public (NASDAQ:VOD) Rating Increased to Strong-Buy at New Street Research

New Street Research upgraded shares of Vodafone Group Public (NASDAQ:VODFree Report) to a strong-buy rating in a report released on Monday morning, Zacks.com reports.

VOD has been the topic of several other research reports. StockNews.com cut shares of Vodafone Group Public from a buy rating to a hold rating in a report on Monday, May 27th. Deutsche Bank Aktiengesellschaft began coverage on Vodafone Group Public in a research note on Thursday, June 20th. They issued a buy rating on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $14.45.

Read Our Latest Stock Report on Vodafone Group Public

Vodafone Group Public Trading Up 0.6 %

VOD opened at $9.11 on Monday. Vodafone Group Public has a 12 month low of $8.02 and a 12 month high of $10.19. The business’s 50-day moving average price is $9.08 and its 200-day moving average price is $8.81. The company has a current ratio of 1.31, a quick ratio of 1.29 and a debt-to-equity ratio of 0.79.

Vodafone Group Public Cuts Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, June 7th will be given a $0.469 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a yield of 9.6%.

Hedge Funds Weigh In On Vodafone Group Public

A number of hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in shares of Vodafone Group Public by 116.7% in the second quarter. GAMMA Investing LLC now owns 3,903 shares of the cell phone carrier’s stock worth $35,000 after acquiring an additional 2,102 shares during the period. Anchor Investment Management LLC purchased a new position in shares of Vodafone Group Public during the 4th quarter worth $44,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Vodafone Group Public in the 1st quarter worth $46,000. First Horizon Advisors Inc. raised its holdings in Vodafone Group Public by 581.7% in the 4th quarter. First Horizon Advisors Inc. now owns 5,351 shares of the cell phone carrier’s stock worth $47,000 after purchasing an additional 4,566 shares during the period. Finally, Hexagon Capital Partners LLC grew its holdings in Vodafone Group Public by 230.9% during the first quarter. Hexagon Capital Partners LLC now owns 5,410 shares of the cell phone carrier’s stock valued at $48,000 after purchasing an additional 3,775 shares during the period. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Vodafone Group Public Company Profile

(Get Free Report)

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.

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