Vodafone Group (VOD) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Vodafone Group (NASDAQ:VOD) from a buy rating to a hold rating in a research note released on Sunday.

According to Zacks, “Vodafone AirTouch Plc is the world’s largest international mobile communications firm. Their primary operation is in digital and analog cellular telephone networks of Vodafone. “

VOD has been the topic of several other research reports. UBS Group restated a buy rating on shares of Vodafone Group in a research report on Monday, October 2nd. BidaskClub upgraded shares of Vodafone Group from a hold rating to a buy rating in a research report on Tuesday, January 9th. Raymond James Financial upgraded shares of Vodafone Group from a market perform rating to a strong-buy rating in a research report on Wednesday, January 17th. Barclays upgraded shares of Vodafone Group from an equal weight rating to an overweight rating in a research report on Friday, December 8th. Finally, Goldman Sachs Group restated a buy rating on shares of Vodafone Group in a research report on Thursday, November 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $32.14.

Vodafone Group (VOD) remained flat at $$31.58 during mid-day trading on Friday. 2,934,400 shares of the company’s stock were exchanged, compared to its average volume of 3,614,085. The company has a market cap of $84,970.00, a price-to-earnings ratio of -83.11, a price-to-earnings-growth ratio of 2.20 and a beta of 0.94. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.46. Vodafone Group has a 12-month low of $24.31 and a 12-month high of $32.75.

The business also recently disclosed a semiannual dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, November 24th will be issued a dividend of $0.5642 per share. This represents a yield of 3.68%. The ex-dividend date of this dividend is Wednesday, November 22nd. Vodafone Group’s payout ratio is -302.63%.

A number of institutional investors and hedge funds have recently bought and sold shares of VOD. Steward Partners Investment Advisory LLC lifted its stake in shares of Vodafone Group by 33.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 60,975 shares of the cell phone carrier’s stock worth $1,945,000 after buying an additional 15,409 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Vodafone Group in the fourth quarter worth about $827,000. CAPROCK Group Inc. lifted its stake in shares of Vodafone Group by 27.3% in the fourth quarter. CAPROCK Group Inc. now owns 43,133 shares of the cell phone carrier’s stock worth $1,404,000 after buying an additional 9,262 shares in the last quarter. Creative Planning lifted its stake in shares of Vodafone Group by 4.8% in the fourth quarter. Creative Planning now owns 48,111 shares of the cell phone carrier’s stock worth $1,535,000 after buying an additional 2,212 shares in the last quarter. Finally, Bank of Montreal Can lifted its stake in shares of Vodafone Group by 30.2% in the fourth quarter. Bank of Montreal Can now owns 610,113 shares of the cell phone carrier’s stock worth $19,462,000 after buying an additional 141,442 shares in the last quarter. 10.24% of the stock is currently owned by institutional investors and hedge funds.

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Vodafone Group Company Profile

Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.

Analyst Recommendations for Vodafone Group (NASDAQ:VOD)

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