Vodafone Group PLC (NASDAQ:VOD) Stock Has Consensus Price Target of $13.13 According to Analysts

Shares of Vodafone Group PLC (NASDAQ:VOD) have received a consensus recommendation of “Reduce” from the twelve ratings firms that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $13.13.

Several analysts recently commented on VOD shares. Wall Street Zen cut Vodafone Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 22nd. UBS Group reaffirmed a “sell” rating on shares of Vodafone Group in a research note on Tuesday, July 28th. Zacks Research lowered Vodafone Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Vodafone Group in a research note on Friday, October 9th. Finally, DZ Bank reissued a “neutral” rating on shares of Vodafone Group in a report on Monday, August 17th.

Hedge Funds Weigh In On Vodafone Group

Several large investors have recently bought and sold shares of the stock. Sei Investments Co. lifted its stake in shares of Vodafone Group by 72.4% in the 1st quarter. Sei Investments Co. now owns 866,316 shares of the cell phone carrier’s stock worth $13,014,000 after acquiring an additional 363,694 shares during the period. Merit Financial Group LLC boosted its holdings in shares of Vodafone Group by 7,003.0% in the second 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 in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Vodafone Group by 313.1% in the second quarter. Integrated Wealth Concepts LLC now owns 107,388 shares of the cell phone carrier’s stock valued at $1,420,000 after acquiring an additional 81,393 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of Vodafone Group by 415.8% during the second quarter. Concurrent Investment Advisors LLC now owns 52,829 shares of the cell phone carrier’s stock valued at $699,000 after acquiring an additional 42,587 shares during the period. Finally, HighTower Advisors LLC increased its stake in shares of Vodafone Group by 36.1% during the second quarter. HighTower Advisors LLC now owns 269,517 shares of the cell phone carrier’s stock valued at $3,564,000 after acquiring an additional 71,551 shares during the period. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Stock Up 0.3%

VOD opened at $15.75 on Wednesday. The business’s 50 day moving average is $16.38 and its 200-day moving average is $15.33. Vodafone Group has a twelve month low of $11.12 and a twelve month high of $17.71.

About Vodafone Group

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.