StockNews.com Downgrades Vodafone Group Public (NASDAQ:VOD) to Hold

StockNews.com cut shares of Vodafone Group Public (NASDAQ:VOD) from a buy rating to a hold rating in a report issued on Monday morning.

Other research analysts also recently issued research reports about the stock. Bank of America downgraded shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday. The Goldman Sachs Group lowered Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Finally, DZ Bank upgraded Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Vodafone Group Public Trading Down 4.5 %

Shares of VOD stock opened at $9.29 on Monday. The firm has a market capitalization of $21.99 billion, a P/E ratio of 8.15, a price-to-earnings-growth ratio of 0.66 and a beta of 0.75. Vodafone Group Public has a 1 year low of $8.00 and a 1 year high of $10.39. The firm’s fifty day simple moving average is $8.77 and its 200 day simple moving average is $9.05. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.78.

Institutional Trading of Vodafone Group Public

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC lifted its stake in Vodafone Group Public by 63.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,881 shares of the cell phone carrier’s stock worth $41,000 after purchasing an additional 1,899 shares during the period. GeoWealth Management LLC raised its holdings in shares of Vodafone Group Public by 258.0% in the 4th quarter. GeoWealth Management LLC now owns 5,180 shares of the cell phone carrier’s stock worth $44,000 after buying an additional 3,733 shares in the last quarter. CoreCap Advisors LLC lifted its position in shares of Vodafone Group Public by 509.7% during the 4th quarter. CoreCap Advisors LLC now owns 6,829 shares of the cell phone carrier’s stock worth $58,000 after buying an additional 5,709 shares during the period. Parkside Financial Bank & Trust grew its position in Vodafone Group Public by 912.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 7,212 shares of the cell phone carrier’s stock valued at $61,000 after acquiring an additional 6,500 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in Vodafone Group Public by 627.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,651 shares of the cell phone carrier’s stock worth $97,000 after acquiring an additional 8,324 shares in the last quarter. Institutional investors own 7.84% of the company’s stock.

About Vodafone Group Public

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.