UBS AG Reiterates “Buy” Rating for Vodafone Group PLC (VOD)

UBS AG reissued their buy rating on shares of Vodafone Group PLC (NASDAQ:VOD) in a report published on Friday, October 27th, www.boersen-zeitung.de reports.

A number of other research analysts have also recently commented on the company. BidaskClub upgraded Vodafone Group PLC from a buy rating to a strong-buy rating in a research note on Friday, August 4th. Bank of America Corporation upgraded Vodafone Group PLC from a neutral rating to a buy rating and set a $32.56 price target on the stock in a research note on Wednesday, August 9th. J P Morgan Chase & Co restated a buy rating on shares of Vodafone Group PLC in a research note on Monday, July 31st. Numis Securities Ltd started coverage on Vodafone Group PLC in a research note on Friday, July 14th. They set an add rating on the stock. Finally, Zacks Investment Research cut Vodafone Group PLC from a strong-buy rating to a hold rating in a research note on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $31.52.

Vodafone Group PLC (NASDAQ VOD) traded up $1.63 during mid-day trading on Friday, hitting $30.48. The stock had a trading volume of 9,634,500 shares, compared to its average volume of 3,878,493. Vodafone Group PLC has a 1-year low of $24.17 and a 1-year high of $30.61. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.47.

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The company also recently disclosed a semiannual dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, November 24th will be issued a dividend of $0.5642 per share. This represents a dividend yield of 3.68%. The ex-dividend date is Wednesday, November 22nd.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC boosted its holdings in Vodafone Group PLC by 90.8% in the 2nd quarter. Fisher Asset Management LLC now owns 23,702,619 shares of the cell phone carrier’s stock valued at $680,976,000 after purchasing an additional 11,281,706 shares in the last quarter. BlackRock Inc. boosted its holdings in Vodafone Group PLC by 8,534.1% in the 1st quarter. BlackRock Inc. now owns 4,340,342 shares of the cell phone carrier’s stock valued at $114,716,000 after purchasing an additional 4,290,072 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Vodafone Group PLC by 47.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,013,916 shares of the cell phone carrier’s stock valued at $86,590,000 after purchasing an additional 975,277 shares in the last quarter. Jennison Associates LLC boosted its holdings in Vodafone Group PLC by 40.5% in the 2nd quarter. Jennison Associates LLC now owns 2,340,445 shares of the cell phone carrier’s stock valued at $67,241,000 after purchasing an additional 674,477 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Vodafone Group PLC by 21.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,244,439 shares of the cell phone carrier’s stock valued at $93,255,000 after purchasing an additional 569,025 shares in the last quarter. 10.00% of the stock is currently owned by hedge funds and other institutional investors.

Vodafone Group PLC Company Profile

Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.

Analyst Recommendations for Vodafone Group PLC (NASDAQ:VOD)

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