Zacks Investment Research upgraded shares of Vodafone Group PLC (NASDAQ:VOD) from a sell rating to a buy rating in a research note issued to investors on Friday. The firm currently has $34.00 price target on the cell phone carrier’s stock.

According to Zacks, “Vodafone AirTouch Plc is the world’s largest international mobile communications firm. Their primary operation is in digital and analog cellular telephone networks of Vodafone. “

Other analysts have also issued reports about the stock. BidaskClub upgraded shares of Vodafone Group PLC from a buy rating to a strong-buy rating in a research report on Friday, August 4th. J P Morgan Chase & Co reiterated a buy rating on shares of Vodafone Group PLC in a research report on Monday, July 31st. UBS AG reiterated a buy rating on shares of Vodafone Group PLC in a research report on Monday, October 2nd. Finally, Bank of America Corporation upgraded shares of Vodafone Group PLC from a neutral rating to a buy rating and set a $32.56 price target on the stock in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $32.14.

Vodafone Group PLC (NASDAQ:VOD) opened at $30.96 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.95. Vodafone Group PLC has a 1 year low of $24.17 and a 1 year high of $31.03.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Vodafone Group PLC by 8,534.1% during the first quarter. BlackRock Inc. now owns 4,340,342 shares of the cell phone carrier’s stock worth $114,716,000 after purchasing an additional 4,290,072 shares during the period. Fisher Asset Management LLC raised its stake in Vodafone Group PLC by 4.7% during the third quarter. Fisher Asset Management LLC now owns 24,824,481 shares of the cell phone carrier’s stock worth $706,505,000 after purchasing an additional 1,121,862 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Vodafone Group PLC by 47.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,013,916 shares of the cell phone carrier’s stock worth $86,590,000 after purchasing an additional 975,277 shares during the period. Jennison Associates LLC raised its stake in Vodafone Group PLC by 40.5% during the second quarter. Jennison Associates LLC now owns 2,340,445 shares of the cell phone carrier’s stock worth $67,241,000 after purchasing an additional 674,477 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Vodafone Group PLC by 21.3% during the second quarter. Ameriprise Financial Inc. now owns 3,244,439 shares of the cell phone carrier’s stock worth $93,255,000 after purchasing an additional 569,025 shares during the period. Hedge funds and other institutional investors own 10.04% of the company’s stock.

About Vodafone Group PLC

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.

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Analyst Recommendations for Vodafone Group PLC (NASDAQ:VOD)

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