DZ Bank Upgrades Vodafone Group Public (NASDAQ:VOD) to Buy

Vodafone Group Public (NASDAQ:VOD) was upgraded by stock analysts at DZ Bank from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports.

VOD has been the subject of a number of other reports. StockNews.com raised Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Wednesday. The Goldman Sachs Group cut Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Vodafone Group Public currently has a consensus rating of “Moderate Buy”.

Vodafone Group Public Price Performance

NASDAQ VOD opened at $9.42 on Friday. The business has a 50 day simple moving average of $8.51 and a 200 day simple moving average of $9.07. 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 quick ratio of 1.34 and a current ratio of 1.37. The stock has a market cap of $23.92 billion, a price-to-earnings ratio of 8.26, a PEG ratio of 0.66 and a beta of 0.75.

Hedge Funds Weigh In On Vodafone Group Public

Hedge funds have recently made changes to their positions in the business. Stifel Financial Corp grew its stake in shares of Vodafone Group Public by 34.9% during the 3rd quarter. Stifel Financial Corp now owns 778,068 shares of the cell phone carrier’s stock worth $7,796,000 after acquiring an additional 201,360 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Vodafone Group Public by 1,119.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 942,179 shares of the cell phone carrier’s stock worth $9,441,000 after acquiring an additional 864,924 shares in the last quarter. Lester Murray Antman dba SimplyRich bought a new position in shares of Vodafone Group Public during the 4th quarter worth approximately $295,000. Goldentree Asset Management LP grew its stake in shares of Vodafone Group Public by 1.9% during the 3rd quarter. Goldentree Asset Management LP now owns 3,283,292 shares of the cell phone carrier’s stock worth $32,898,000 after acquiring an additional 60,943 shares in the last quarter. Finally, Allworth Financial LP grew its stake in shares of Vodafone Group Public by 9.0% in the fourth quarter. Allworth Financial LP now owns 27,103 shares of the cell phone carrier’s stock valued at $227,000 after buying an additional 2,246 shares in the last quarter. 7.84% of the stock is owned by institutional investors.

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.