Vodafone Group PLC (NASDAQ:VOD) Receives $52.38 Average Target Price from Analysts

Vodafone Group PLC (NASDAQ:VOD) has received an average recommendation of “Reduce” from the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $52.3767.

Several equities research analysts have recently weighed in on VOD shares. Weiss Ratings lowered Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday. DZ Bank cut shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. UBS Group raised shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Bank of America cut Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 price target for the company. in a research report on Tuesday, May 26th. Finally, Wall Street Zen upgraded Vodafone Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 31st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VOD. American Capital Advisory LLC increased its stake 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 acquiring an additional 696 shares during the period. RNC Capital Management LLC raised its stake in Vodafone Group by 1.3% during the fourth quarter. RNC Capital Management LLC now owns 53,804 shares of the cell phone carrier’s stock worth $711,000 after acquiring an additional 713 shares in the last quarter. Valeo Financial Advisors LLC lifted its holdings in 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 purchasing an additional 713 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Vodafone Group by 31.5% in the 1st quarter. Assetmark Inc. now owns 2,992 shares of the cell phone carrier’s stock worth $45,000 after acquiring an additional 717 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in Vodafone Group by 28.3% in the fourth quarter. Larson Financial Group LLC now owns 3,524 shares of the cell phone carrier’s stock worth $47,000 after purchasing an additional 778 shares in the last quarter. Institutional investors own 7.84% of the company’s stock.

Vodafone Group Stock Down 2.6%

Shares of VOD opened at $14.70 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.11. Vodafone Group has a one year low of $9.80 and a one year high of $16.60. The stock’s fifty day moving average is $15.31 and its 200-day moving average is $14.38.

Vodafone Group Announces Dividend

The firm also recently announced a dividend, which will be paid on Thursday, July 30th. Investors of record on Friday, June 5th will be paid a dividend of $0.2766 per share. The ex-dividend date is Friday, June 5th. This represents a yield of 376.0%.

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.