Vodafone Group Public (NASDAQ:VOD) Downgraded to “Neutral” Rating by The Goldman Sachs Group

The Goldman Sachs Group downgraded shares of Vodafone Group Public (NASDAQ:VOD) from a buy rating to a neutral rating in a research note issued to investors on Monday morning, MarketBeat.com reports.

Separately, StockNews.com upgraded shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Friday, August 30th. Two 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 stock. According to MarketBeat, Vodafone Group Public currently has an average rating of “Moderate Buy”.

Vodafone Group Public Stock Down 2.7 %

VOD stock opened at $8.92 on Monday. Vodafone Group Public has a one year low of $8.02 and a one year high of $10.39. The stock has a market capitalization of $23.00 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 0.67 and a beta of 0.77. 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 company has a fifty day moving average of $9.28 and a 200-day moving average of $9.38.

Vodafone Group Public Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, November 22nd will be issued a $0.2423 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a dividend yield of 8%. Vodafone Group Public’s dividend payout ratio is presently 42.86%.

Hedge Funds Weigh In On Vodafone Group Public

A number of large investors have recently made changes to their positions in the stock. Mediolanum International Funds Ltd purchased a new position in Vodafone Group Public during the 3rd quarter valued at about $82,716,000. Bank of Montreal Can increased its holdings in Vodafone Group Public by 445.7% during the 2nd quarter. Bank of Montreal Can now owns 3,805,044 shares of the cell phone carrier’s stock valued at $34,055,000 after acquiring an additional 3,107,734 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Vodafone Group Public by 345.2% during the 2nd quarter. Hsbc Holdings PLC now owns 3,026,713 shares of the cell phone carrier’s stock valued at $26,786,000 after acquiring an additional 2,346,815 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in 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 valued at $9,441,000 after acquiring an additional 864,924 shares in the last quarter. Finally, Clifford Capital Partners LLC increased its holdings in Vodafone Group Public by 30.1% during the 2nd quarter. Clifford Capital Partners LLC now owns 2,012,210 shares of the cell phone carrier’s stock valued at $17,848,000 after acquiring an additional 465,802 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.