Vodafone Group (NASDAQ:VOD) Sees Strong Trading Volume

Shares of Vodafone Group Plc (NASDAQ:VOD) saw an uptick in trading volume on Thursday . 251,245 shares changed hands during mid-day trading, a decline of 94% from the previous session’s volume of 4,012,556 shares.The stock last traded at $16.11 and had previously closed at $16.01.

VOD has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Vodafone Group in a research note on Friday, May 7th. Morgan Stanley set a $16.67 price objective on shares of Vodafone Group in a research report on Saturday, July 10th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Vodafone Group in a research report on Wednesday, May 19th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Vodafone Group in a research note on Thursday, July 1st. Finally, The Goldman Sachs Group upgraded Vodafone Group from a “buy” rating to a “conviction-buy” rating in a research note on Tuesday, May 11th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $18.34.

The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.96 and a current ratio of 0.98. The stock has a 50-day moving average price of $17.85.

The business also recently declared a semi-annual dividend, which will be paid on Friday, August 6th. Investors of record on Friday, June 25th will be issued a dividend of $0.5491 per share. The ex-dividend date is Thursday, June 24th. This is a positive change from Vodafone Group’s previous semi-annual dividend of $0.53. This represents a dividend yield of 5.8%. Vodafone Group’s payout ratio is 113.83%.

Several hedge funds have recently made changes to their positions in VOD. RMR Wealth Builders bought a new stake in shares of Vodafone Group in the fourth quarter worth $28,000. Capital Asset Advisory Services LLC bought a new position in Vodafone Group in the fourth quarter worth approximately $36,000. Harbour Investments Inc. acquired a new stake in Vodafone Group in the first quarter valued at approximately $36,000. Stonebridge Capital Advisors LLC acquired a new position in shares of Vodafone Group during the first quarter worth approximately $37,000. Finally, Encompass Wealth Advisors LLC bought a new position in shares of Vodafone Group in the fourth quarter valued at $38,000. 8.77% of the stock is currently owned by hedge funds and other institutional investors.

About Vodafone Group (NASDAQ:VOD)

Vodafone Group Plc 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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