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

Vodafone Group Public (NASDAQ:VOD) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Separately, The Goldman Sachs Group cut Vodafone Group Public from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Vodafone Group Public Stock Down 0.1 %

Shares of NASDAQ VOD opened at $8.26 on Wednesday. The stock has a 50 day moving average price of $8.43 and a 200 day moving average price of $9.12. Vodafone Group Public has a 52 week low of $8.00 and a 52 week high of $10.39. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.34.

Institutional Trading of Vodafone Group Public

A number of hedge funds have recently made changes to their positions in VOD. Creative Planning lifted its position in shares of Vodafone Group Public by 15.6% in the third quarter. Creative Planning now owns 312,109 shares of the cell phone carrier’s stock valued at $3,127,000 after buying an additional 42,007 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Vodafone Group Public by 71.1% during the third quarter. Blue Trust Inc. now owns 16,056 shares of the cell phone carrier’s stock worth $161,000 after purchasing an additional 6,670 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Vodafone Group Public by 20.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 13,134 shares of the cell phone carrier’s stock worth $132,000 after purchasing an additional 2,263 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of Vodafone Group Public during the third quarter worth approximately $101,000. Finally, Private Advisor Group LLC increased its stake in shares of Vodafone Group Public by 4.9% during the third quarter. Private Advisor Group LLC now owns 66,492 shares of the cell phone carrier’s stock worth $666,000 after purchasing an additional 3,122 shares during the period. 7.84% of the stock is owned by institutional investors and hedge funds.

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.