BidaskClub upgraded shares of Vodafone Group (NASDAQ:VOD) from a sell rating to a hold rating in a research note released on Saturday morning.

Several other research analysts also recently weighed in on the stock. Bank of America upgraded shares of Vodafone Group from a neutral rating to a buy rating and set a $18.50 price target for the company in a research report on Wednesday, February 6th. UBS Group upgraded shares of Vodafone Group from a neutral rating to a buy rating in a research report on Monday, December 17th. Royal Bank of Canada downgraded shares of Vodafone Group from an outperform rating to an underperform rating in a research report on Tuesday, January 8th. Kepler Capital Markets upgraded shares of Vodafone Group from a reduce rating to a buy rating in a research report on Monday, January 28th. Finally, Exane BNP Paribas downgraded shares of Vodafone Group from an outperform rating to a neutral rating in a research report on Friday, March 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Vodafone Group presently has a consensus rating of Buy and an average target price of $27.63.

VOD opened at $19.04 on Friday. Vodafone Group has a twelve month low of $17.05 and a twelve month high of $30.20. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.30 and a quick ratio of 1.27. The stock has a market cap of $50.79 billion, a P/E ratio of 14.00, a P/E/G ratio of 2.37 and a beta of 0.72.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisors Capital Management LLC grew its stake in Vodafone Group by 19.6% during the 4th quarter. Advisors Capital Management LLC now owns 763,300 shares of the cell phone carrier’s stock valued at $14,716,000 after acquiring an additional 125,125 shares in the last quarter. Tocqueville Asset Management L.P. grew its stake in Vodafone Group by 6.5% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 117,469 shares of the cell phone carrier’s stock valued at $2,549,000 after acquiring an additional 7,150 shares in the last quarter. Renaissance Technologies LLC grew its stake in Vodafone Group by 68.0% during the 3rd quarter. Renaissance Technologies LLC now owns 10,987,256 shares of the cell phone carrier’s stock valued at $238,423,000 after acquiring an additional 4,448,570 shares in the last quarter. Mckinley Capital Management LLC Delaware grew its stake in Vodafone Group by 25.5% during the 4th quarter. Mckinley Capital Management LLC Delaware now owns 39,984 shares of the cell phone carrier’s stock valued at $771,000 after acquiring an additional 8,129 shares in the last quarter. Finally, Diversified Trust Co grew its stake in Vodafone Group by 215.9% during the 4th quarter. Diversified Trust Co now owns 29,447 shares of the cell phone carrier’s stock valued at $568,000 after acquiring an additional 20,124 shares in the last quarter. 8.36% of the stock is owned by institutional investors.

Vodafone Group Company Profile

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

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Analyst Recommendations for Vodafone Group (NASDAQ:VOD)

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