Vodafone Group (NASDAQ:VOD) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Vodafone Group (NASDAQ:VOD) from a buy rating to a hold rating in a research report report published on Tuesday,Wall Street Zen reports.

A number of other research analysts have also recently weighed in on the stock. The Goldman Sachs Group upgraded shares of Vodafone Group from a “sell” rating to a “buy” rating in a research note on Friday, September 4th. Bank of America cut Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 price target on the stock. in a report on Tuesday, May 26th. Weiss Ratings restated a “sell (d+)” rating on shares of Vodafone Group in a research report on Tuesday, September 1st. Barclays lowered Vodafone Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday, June 11th. Finally, Zacks Research downgraded Vodafone Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 17th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $10.57.

Vodafone Group Price Performance

VOD opened at $16.49 on Tuesday. The company has a 50 day simple moving average of $16.27 and a two-hundred day simple moving average of $15.36. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.84. Vodafone Group has a 1-year low of $11.12 and a 1-year high of $17.71.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VOD. Bayban increased its holdings in shares of Vodafone Group by 6,696.7% in the first quarter. Bayban now owns 2,039 shares of the cell phone carrier’s stock worth $31,000 after purchasing an additional 2,009 shares during the last quarter. Western Wealth Management LLC purchased a new position in Vodafone Group during the 1st quarter valued at approximately $34,000. Assetmark Inc. grew its holdings in Vodafone Group by 31.5% during the 1st quarter. Assetmark Inc. now owns 2,992 shares of the cell phone carrier’s stock valued at $45,000 after buying an additional 717 shares in the last quarter. Manchester Capital Management LLC increased its stake in Vodafone Group by 207.6% in the 4th quarter. Manchester Capital Management LLC now owns 3,282 shares of the cell phone carrier’s stock worth $43,000 after acquiring an additional 2,215 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Vodafone Group during the 2nd quarter worth approximately $45,000. Institutional investors own 7.84% of the company’s stock.

About Vodafone Group

Vodafone Group Plc is a British multinational telecommunications company that provides mobile and fixed-line connectivity, broadband, voice, messaging and related digital services. Its offerings serve individual consumers, households, businesses and public-sector organizations, with services delivered through local Vodafone operations and partner networks.

The company also provides enterprise communications and technology solutions, including cloud and hosting services, cybersecurity, the Internet of Things, unified communications and managed connectivity.