Vodafone Group Public (NASDAQ:VOD) Stock Rating Lowered by UBS Group

UBS Group downgraded shares of Vodafone Group Public (NASDAQ:VOD) from a buy rating to a neutral rating in a research report sent to investors on Monday morning, Marketbeat.com reports.

Several other analysts also recently weighed in on VOD. StockNews.com upgraded Vodafone Group Public from a hold rating to a buy rating in a research note on Friday, July 19th. New Street Research raised Vodafone Group Public to a strong-buy rating in a research note on Monday, July 8th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Vodafone Group Public in a research report on Thursday, June 20th. They issued a buy rating for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $14.45.

Vodafone Group Public Trading Up 2.3 %

NASDAQ:VOD opened at $9.40 on Monday. Vodafone Group Public has a one year low of $8.02 and a one year high of $10.19. The company’s 50-day simple moving average is $9.11 and its 200 day simple moving average is $8.87. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.31 and a quick ratio of 1.29.

Vodafone Group Public Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Friday, August 2nd. Shareholders of record on Friday, June 7th were issued a $0.469 dividend. This represents a dividend yield of 9.6%. The ex-dividend date of this dividend was Friday, June 7th.

Hedge Funds Weigh In On Vodafone Group Public

A number of hedge funds have recently bought and sold shares of VOD. GAMMA Investing LLC raised its stake in Vodafone Group Public by 116.7% during the 2nd 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 during the last quarter. Asset Dedication LLC increased its position in Vodafone Group Public by 630.9% during the second quarter. Asset Dedication LLC now owns 4,634 shares of the cell phone carrier’s stock valued at $41,000 after acquiring an additional 4,000 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Vodafone Group Public in the first quarter valued at about $46,000. First Horizon Advisors Inc. boosted its position in 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 worth $47,000 after purchasing an additional 4,566 shares during the last quarter. Finally, Hexagon Capital Partners LLC increased its position in shares of Vodafone Group Public by 230.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 5,410 shares of the cell phone carrier’s stock valued at $48,000 after purchasing an additional 3,775 shares during the last quarter. Hedge funds and other 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.