Vodafone Group (NASDAQ:VOD) Cut to “Underweight” at Barclays

Barclays lowered shares of Vodafone Group (NASDAQ:VOD) from an equal weight rating to an underweight rating in a research report report published on Tuesday, Marketbeat.com reports.

Several other research analysts also recently weighed in on the stock. Zacks Research downgraded shares of Vodafone Group from a “hold” rating to a “strong sell” rating in a report on Thursday, September 17th. The Goldman Sachs Group upgraded shares of Vodafone Group from a “sell” rating to a “buy” rating in a report on Friday, September 4th. Weiss Ratings raised shares of Vodafone Group from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Wall Street Zen lowered shares of Vodafone Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 22nd. Finally, New Street Research raised shares of Vodafone Group from a “neutral” rating to a “buy” rating in a research report on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $13.13.

Vodafone Group Stock Up 1.7%

Shares of Vodafone Group stock opened at $16.12 on Tuesday. The business has a 50-day moving average price of $16.43 and a two-hundred day moving average price of $15.57. Vodafone Group has a 1-year low of $11.12 and a 1-year high of $17.71. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.84.

Hedge Funds Weigh In On Vodafone Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. ACR Alpine Capital Research LLC grew its position in Vodafone Group by 3.0% during the first quarter. ACR Alpine Capital Research LLC now owns 26,854,952 shares of the cell phone carrier’s stock valued at $403,361,000 after buying an additional 784,305 shares during the period. Euro Pacific Asset Management LLC boosted its stake in Vodafone Group by 45,047.5% in the third quarter. Euro Pacific Asset Management LLC now owns 7,018,174 shares of the cell phone carrier’s stock valued at $113,344,000 after acquiring an additional 7,002,629 shares during the last quarter. ABC Arbitrage SA boosted its stake in Vodafone Group by 3.1% in the first quarter. ABC Arbitrage SA now owns 3,326,511 shares of the cell phone carrier’s stock valued at $49,964,000 after acquiring an additional 98,922 shares during the last quarter. Sei Investments Co. grew its position in shares of Vodafone Group by 72.4% during the 1st quarter. Sei Investments Co. now owns 866,316 shares of the cell phone carrier’s stock valued at $13,014,000 after acquiring an additional 363,694 shares during the period. Finally, Merit Financial Group LLC grew its position in shares of Vodafone Group by 7,003.0% during the 2nd quarter. Merit Financial Group LLC now owns 788,577 shares of the cell phone carrier’s stock valued at $10,429,000 after acquiring an additional 777,475 shares during the period. 7.84% of the stock is owned by hedge funds and other institutional investors.

Vodafone Group Company Profile

Vodafone Group Plc is a telecommunications company headquartered in Newbury, England. It provides mobile and fixed-line connectivity, broadband, voice and messaging services, digital communications, and related technology solutions to consumers, businesses, and public-sector organizations.

The company operates primarily across Europe and Africa. Its consumer businesses offer mobile plans, home broadband, television and other digital services, while Vodafone Business provides connectivity, cloud, cybersecurity, Internet of Things, unified communications, and managed technology services.