Vodafone Group (VOD) Stock Price Down 3.2%

Vodafone Group Plc (NASDAQ:VOD)’s share price was down 3.2% on Tuesday . The stock traded as low as $16.75 and last traded at $16.24. Approximately 858,406 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 4,746,461 shares. The stock had previously closed at $16.77.

VOD has been the subject of a number of research analyst reports. Bank of America raised shares of Vodafone Group from a “neutral” rating to a “buy” rating and set a $18.50 price objective for the company in a research report on Wednesday, February 6th. Kepler Capital Markets raised shares of Vodafone Group from a “reduce” rating to a “buy” rating in a research report on Monday, January 28th. Macquarie raised shares of Vodafone Group from a “neutral” rating to an “outperform” rating in a research report on Wednesday, March 20th. BidaskClub cut shares of Vodafone Group from a “hold” rating to a “sell” rating in a research report on Thursday, January 17th. Finally, BNP Paribas reaffirmed a “neutral” rating on shares of Vodafone Group in a research report on Friday, March 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $25.13.

The company has a quick ratio of 1.27, a current ratio of 1.30 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $45.88 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 2.30 and a beta of 0.73.



Several institutional investors and hedge funds have recently bought and sold shares of the company. OLD Second National Bank of Aurora raised its stake in Vodafone Group by 277.2% in the first quarter. OLD Second National Bank of Aurora now owns 1,339 shares of the cell phone carrier’s stock valued at $25,000 after purchasing an additional 984 shares in the last quarter. Cornerstone Advisors Inc. raised its stake in Vodafone Group by 282.3% in the first quarter. Cornerstone Advisors Inc. now owns 1,380 shares of the cell phone carrier’s stock valued at $25,000 after purchasing an additional 1,019 shares in the last quarter. Sontag Advisory LLC acquired a new position in Vodafone Group in the fourth quarter valued at about $26,000. Lenox Wealth Management Inc. raised its stake in Vodafone Group by 168.7% in the fourth quarter. Lenox Wealth Management Inc. now owns 1,814 shares of the cell phone carrier’s stock valued at $35,000 after purchasing an additional 1,139 shares in the last quarter. Finally, Massey Quick Simon & CO. LLC raised its stake in Vodafone Group by 881.1% in the first quarter. Massey Quick Simon & CO. LLC now owns 2,227 shares of the cell phone carrier’s stock valued at $40,000 after purchasing an additional 2,000 shares in the last quarter. 8.36% of the stock is owned by institutional investors.

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Vodafone Group Company Profile (NASDAQ:VOD)

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

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