Bank of America Downgrades Vodafone Group Public (NASDAQ:VOD) to Neutral

Vodafone Group Public (NASDAQ:VOD) was downgraded by analysts at Bank of America from a “buy” rating to a “neutral” rating in a report issued on Monday, Marketbeat reports.

VOD has been the subject of several other reports. The Goldman Sachs Group cut Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. StockNews.com upgraded shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. Finally, DZ Bank upgraded shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Vodafone Group Public Price Performance

Shares of VOD opened at $9.35 on Monday. Vodafone Group Public has a twelve month low of $8.00 and a twelve month high of $10.39. The company has a 50 day moving average of $8.79 and a two-hundred day moving average of $9.05. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.78. The company has a market cap of $22.13 billion, a price-to-earnings ratio of 8.20, a price-to-earnings-growth ratio of 0.66 and a beta of 0.75.

Institutional Investors Weigh In On Vodafone Group Public

Hedge funds have recently bought and sold shares of the stock. ACR Alpine Capital Research LLC lifted its stake in shares of Vodafone Group Public by 0.4% in the 4th quarter. ACR Alpine Capital Research LLC now owns 22,006,311 shares of the cell phone carrier’s stock valued at $186,834,000 after purchasing an additional 97,636 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Vodafone Group Public by 18.1% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,598,375 shares of the cell phone carrier’s stock worth $123,940,000 after acquiring an additional 2,238,935 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Vodafone Group Public by 2.9% during the 4th quarter. Renaissance Technologies LLC now owns 9,027,376 shares of the cell phone carrier’s stock valued at $76,642,000 after acquiring an additional 255,623 shares during the period. Bank of Montreal Can increased its stake in shares of Vodafone Group Public by 28.2% in the 4th quarter. Bank of Montreal Can now owns 5,483,837 shares of the cell phone carrier’s stock valued at $46,558,000 after purchasing an additional 1,206,256 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Vodafone Group Public by 12.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 5,429,784 shares of the cell phone carrier’s stock worth $46,099,000 after purchasing an additional 601,151 shares in the last quarter. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Vodafone Group Public Company Profile

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.