Vodafone Group Public (NASDAQ:VOD) Stock Rating Upgraded by New Street Research

New Street Research upgraded shares of Vodafone Group Public (NASDAQ:VOD) to a strong-buy rating in a research note issued to investors on Monday, Zacks.com reports.

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

Vodafone Group Public Stock Down 1.1 %

NASDAQ:VOD opened at $9.19 on Monday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.29 and a current ratio of 1.31. The company’s 50-day simple moving average is $9.11 and its 200-day simple moving average is $8.81. Vodafone Group Public has a fifty-two week low of $8.02 and a fifty-two week high of $10.19.

Vodafone Group Public Cuts Dividend

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

Institutional Investors Weigh In On Vodafone Group Public

A number of hedge funds and other institutional investors have recently made changes to their positions in VOD. GAMMA Investing LLC increased its holdings in 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 valued at $35,000 after buying an additional 2,102 shares in the last quarter. Anchor Investment Management LLC acquired a new position in Vodafone Group Public in the 4th quarter worth about $44,000. Allspring Global Investments Holdings LLC purchased a new position in Vodafone Group Public during the first quarter worth approximately $46,000. First Horizon Advisors Inc. increased its position in shares of Vodafone Group Public by 581.7% in the fourth quarter. First Horizon Advisors Inc. now owns 5,351 shares of the cell phone carrier’s stock valued at $47,000 after buying an additional 4,566 shares in the last quarter. Finally, WFA Asset Management Corp raised its stake in shares of Vodafone Group Public by 146.7% during the 4th quarter. WFA Asset Management Corp now owns 5,466 shares of the cell phone carrier’s stock worth $48,000 after buying an additional 3,250 shares during the period. Institutional investors and hedge funds own 7.84% of the company’s stock.

About Vodafone Group Public

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.