Vodafone Group (NASDAQ:VOD) Reaches New 12-Month High – What’s Next?

Shares of Vodafone Group PLC (NASDAQ:VOD) reached a new 52-week high during trading on Wednesday . The company traded as high as $15.91 and last traded at $15.8650, with a volume of 3919996 shares. The stock had previously closed at $15.70.

Analyst Upgrades and Downgrades

VOD has been the subject of a number of research analyst reports. Barclays upgraded shares of Vodafone Group from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Vodafone Group in a report on Wednesday, January 21st. UBS Group reissued a “sell” rating on shares of Vodafone Group in a report on Monday, November 3rd. Zacks Research raised Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, Berenberg Bank raised Vodafone Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 7th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $72.00.

Vodafone Group Price Performance

The firm’s 50-day moving average price is $14.18 and its 200 day moving average price is $12.66. The company has a current ratio of 1.17, a quick ratio of 1.13 and a debt-to-equity ratio of 0.78.

Institutional Investors Weigh In On Vodafone Group

Institutional investors have recently added to or reduced their stakes in the company. American Capital Advisory LLC grew its position in Vodafone Group by 40.8% during the fourth quarter. American Capital Advisory LLC now owns 2,400 shares of the cell phone carrier’s stock valued at $32,000 after buying an additional 696 shares during the period. RNC Capital Management LLC lifted its stake in Vodafone Group by 1.3% in the 4th quarter. RNC Capital Management LLC now owns 53,804 shares of the cell phone carrier’s stock worth $711,000 after purchasing an additional 713 shares in the last quarter. Valeo Financial Advisors LLC boosted its position in shares of Vodafone Group by 4.2% during the 4th quarter. Valeo Financial Advisors LLC now owns 17,603 shares of the cell phone carrier’s stock valued at $233,000 after acquiring an additional 713 shares during the last quarter. Larson Financial Group LLC grew its stake in Vodafone Group by 28.3% in the 4th quarter. Larson Financial Group LLC now owns 3,524 shares of the cell phone carrier’s stock worth $47,000 after buying an additional 778 shares in the last quarter. Finally, WESPAC Advisors LLC increased its stake in Vodafone Group by 0.9% in the third quarter. WESPAC Advisors LLC now owns 96,003 shares of the cell phone carrier’s stock valued at $1,114,000 after acquiring an additional 903 shares during the last quarter. 7.84% of the stock is owned by institutional investors.

Vodafone Group Company Profile

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.