Zacks Investment Research upgraded shares of Vodafone Group (NASDAQ:VOD) from a sell rating to a hold rating in a research note published on Saturday.
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. “
Several other analysts have also recently issued reports on the company. Bank of America upgraded Vodafone Group from a neutral rating to a buy rating and set a $18.50 price objective on the stock in a research note on Wednesday. Kepler Capital Markets upgraded Vodafone Group from a reduce rating to a buy rating in a research report on Monday, January 28th. BidaskClub cut Vodafone Group from a hold rating to a sell rating in a research report on Thursday, January 17th. Royal Bank of Canada cut Vodafone Group from an outperform rating to an underperform rating in a research report on Tuesday, January 8th. Finally, UBS Group upgraded Vodafone Group from a neutral rating to a buy rating in a research report on Monday, December 17th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $29.61.
NASDAQ VOD traded down $0.01 on Friday, hitting $18.04. 3,847,667 shares of the stock traded hands, compared to its average volume of 5,473,126. Vodafone Group has a twelve month low of $17.70 and a twelve month high of $30.20. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.27 and a current ratio of 1.30.
The business also recently declared a semiannual dividend, which was paid on Friday, February 1st. Stockholders of record on Friday, November 23rd were given a dividend of $0.5455 per share. This represents a dividend yield of 5.36%. The ex-dividend date of this dividend was Wednesday, November 21st. Vodafone Group’s payout ratio is 78.68%.
Several institutional investors have recently made changes to their positions in the company. IPG Investment Advisors LLC increased its position in Vodafone Group by 5.2% in the 4th quarter. IPG Investment Advisors LLC now owns 16,156 shares of the cell phone carrier’s stock valued at $311,000 after acquiring an additional 800 shares during the period. Diversified Trust Co increased its position in Vodafone Group by 10.3% in the 3rd quarter. Diversified Trust Co now owns 9,323 shares of the cell phone carrier’s stock valued at $202,000 after acquiring an additional 874 shares during the period. Park Avenue Securities LLC increased its position in Vodafone Group by 4.1% in the 4th quarter. Park Avenue Securities LLC now owns 23,750 shares of the cell phone carrier’s stock valued at $468,000 after acquiring an additional 928 shares during the period. Lenox Wealth Management Inc. boosted its stake in Vodafone Group by 168.7% during the 4th quarter. Lenox Wealth Management Inc. now owns 1,814 shares of the cell phone carrier’s stock valued at $35,000 after purchasing an additional 1,139 shares in the last quarter. Finally, City Holding Co. boosted its stake in Vodafone Group by 14.4% during the 4th quarter. City Holding Co. now owns 10,107 shares of the cell phone carrier’s stock valued at $195,000 after purchasing an additional 1,275 shares in the last quarter. Institutional investors and hedge funds own 8.77% of the company’s stock.
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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