Vodafone Group Public (NASDAQ:VOD) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Vodafone Group Public (NASDAQ:VOD) from a buy rating to a hold rating in a report released on Tuesday.

VOD has been the topic of a number of other research reports. Bank of America cut shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, March 24th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Vodafone Group Public in a research note on Wednesday, April 23rd. Finally, DZ Bank raised Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Vodafone Group Public has a consensus rating of “Hold”.

Vodafone Group Public Stock Performance

Shares of Vodafone Group Public stock opened at $10.50 on Tuesday. The stock has a market cap of $26.14 billion, a price-to-earnings ratio of 9.21, a PEG ratio of 0.66 and a beta of 0.61. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.34. Vodafone Group Public has a 1 year low of $8.00 and a 1 year high of $10.60. The firm’s 50-day moving average is $9.35 and its 200 day moving average is $8.93.

Vodafone Group Public Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, August 1st. Investors of record on Friday, June 6th will be issued a $0.2355 dividend. This represents a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, June 6th. Vodafone Group Public’s payout ratio is currently 41.23%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Hazlett Burt & Watson Inc. increased its position in shares of Vodafone Group Public by 65.5% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier’s stock valued at $30,000 after purchasing an additional 1,250 shares during the last quarter. Wayfinding Financial LLC purchased a new position in Vodafone Group Public during the first quarter valued at $31,000. NBC Securities Inc. grew its holdings in Vodafone Group Public by 116,833.3% during the first quarter. NBC Securities Inc. now owns 3,508 shares of the cell phone carrier’s stock valued at $32,000 after purchasing an additional 3,505 shares during the period. Smartleaf Asset Management LLC increased its position in Vodafone Group Public by 63.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,881 shares of the cell phone carrier’s stock worth $41,000 after buying an additional 1,899 shares in the last quarter. Finally, GeoWealth Management LLC raised its stake in shares of Vodafone Group Public by 258.0% in the fourth quarter. GeoWealth Management LLC now owns 5,180 shares of the cell phone carrier’s stock worth $44,000 after buying an additional 3,733 shares during the period. Institutional investors own 7.84% of the company’s stock.

Vodafone Group Public Company Profile

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.