Vodafone Group Public (NASDAQ:VOD) Downgraded to Neutral Rating by Bank of America

Bank of America lowered shares of Vodafone Group Public (NASDAQ:VOD) from a buy rating to a neutral rating in a report issued on Monday morning, Marketbeat.com reports.

VOD has been the topic of several other reports. The Goldman Sachs Group downgraded Vodafone Group Public from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. StockNews.com raised shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. Finally, DZ Bank raised shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Vodafone Group Public has a consensus rating of “Moderate Buy”.

Vodafone Group Public Trading Down 4.5 %

Shares of Vodafone Group Public stock opened at $9.29 on Monday. Vodafone Group Public has a 1 year low of $8.00 and a 1 year 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. The business has a 50 day moving average price of $8.77 and a 200 day moving average price of $9.05. The company has a market capitalization of $21.99 billion, a P/E ratio of 8.15, a P/E/G ratio of 0.66 and a beta of 0.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of VOD. Wellington Management Group LLP acquired a new position in Vodafone Group Public during the fourth quarter worth approximately $970,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Vodafone Group Public by 97.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 75,677 shares of the cell phone carrier’s stock worth $643,000 after buying an additional 37,282 shares during the last quarter. Brucke Financial Inc. purchased a new position in shares of Vodafone Group Public in the 4th quarter worth $114,000. B. Riley Wealth Advisors Inc. grew its position in Vodafone Group Public by 7.2% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 30,862 shares of the cell phone carrier’s stock valued at $269,000 after acquiring an additional 2,076 shares during the period. Finally, WNY Asset Management LLC increased its stake in Vodafone Group Public by 0.7% during the fourth quarter. WNY Asset Management LLC now owns 350,112 shares of the cell phone carrier’s stock worth $2,972,000 after acquiring an additional 2,505 shares during the last quarter. Institutional investors and hedge funds 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.