Vodafone Group (NASDAQ:VOD) Stock Rating Lowered by Zacks Investment Research

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Zacks Investment Research downgraded shares of Vodafone Group (NASDAQ:VOD) from a hold rating to a sell rating in a research report report published on Thursday, September 20th.

According to Zacks, “Vodafone AirTouch Plc is the world’s largest international mobile communications firm. Their primary operation is in digital and analog cellular telephone networks of Vodafone. “

Several other analysts also recently commented on VOD. ValuEngine downgraded Vodafone Group from a hold rating to a sell rating in a research note on Monday, June 18th. BidaskClub upgraded Vodafone Group from a strong sell rating to a sell rating in a research note on Saturday, July 7th. Argus dropped their price target on Vodafone Group from $36.00 to $30.00 and set a buy rating on the stock in a research note on Wednesday, June 13th. Deutsche Bank restated a buy rating on shares of Vodafone Group in a research note on Thursday, July 26th. Finally, Sanford C. Bernstein upgraded Vodafone Group from a market perform rating to an outperform rating and set a $40.00 price target on the stock in a research note on Tuesday, September 4th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $33.36.

Shares of Vodafone Group stock traded up $0.04 during midday trading on Thursday, hitting $19.99. The company had a trading volume of 8,647,745 shares, compared to its average volume of 4,676,933. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $57.88 billion, a P/E ratio of 14.70, a PEG ratio of 1.72 and a beta of 0.80. Vodafone Group has a 52-week low of $19.78 and a 52-week high of $32.75.

A number of large investors have recently bought and sold shares of the business. Trust Department MB Financial Bank N A grew its position in shares of Vodafone Group by 33.7% during the third quarter. Trust Department MB Financial Bank N A now owns 39,654 shares of the cell phone carrier’s stock valued at $860,000 after purchasing an additional 10,000 shares in the last quarter. AE Wealth Management LLC grew its position in Vodafone Group by 33.0% in the second quarter. AE Wealth Management LLC now owns 51,843 shares of the cell phone carrier’s stock worth $1,260,000 after acquiring an additional 12,864 shares in the last quarter. Zions Bancorporation grew its position in Vodafone Group by 7.1% in the second quarter. Zions Bancorporation now owns 62,810 shares of the cell phone carrier’s stock worth $1,527,000 after acquiring an additional 4,181 shares in the last quarter. Cambiar Investors LLC grew its position in Vodafone Group by 46.7% in the second quarter. Cambiar Investors LLC now owns 62,623 shares of the cell phone carrier’s stock worth $1,522,000 after acquiring an additional 19,935 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in Vodafone Group by 12.7% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 36,758 shares of the cell phone carrier’s stock worth $1,227,000 after acquiring an additional 4,150 shares in the last quarter. 10.07% of the stock is currently owned by institutional investors and hedge funds.

About Vodafone Group

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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