Vodafone Group Public (NASDAQ:VOD) Stock Price Down 2.4%

Vodafone Group Public Limited (NASDAQ:VOD - Get Free Report) dropped 2.4% during mid-day trading on Thursday . The stock traded as low as $9.96 and last traded at $9.98. Approximately 657,357 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 6,458,834 shares. The stock had previously closed at $10.23.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VOD. New Street Research raised shares of Vodafone Group Public to a "strong-buy" rating in a report on Monday, July 8th. UBS Group downgraded Vodafone Group Public from a "buy" rating to a "neutral" rating in a research report on Monday, August 5th. StockNews.com upgraded shares of Vodafone Group Public from a "hold" rating to a "buy" rating in a research report on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Vodafone Group Public in a report on Thursday, June 20th. They issued a "buy" rating on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Vodafone Group Public currently has an average rating of "Moderate Buy" and a consensus price target of $14.45.

Vodafone Group Public Trading Down 1.7 %

The company has a debt-to-equity ratio of 0.79, a current ratio of 1.31 and a quick ratio of 1.29. The firm has a 50 day moving average of $9.56 and a two-hundred day moving average of $9.13.

Institutional Investors Weigh In On Vodafone Group Public

A number of hedge funds have recently added to or reduced their stakes in the stock. ACR Alpine Capital Research LLC lifted its holdings in Vodafone Group Public by 1.2% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 21,870,016 shares of the cell phone carrier's stock worth $193,987,000 after purchasing an additional 261,060 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Vodafone Group Public by 9.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 4,984,642 shares of the cell phone carrier's stock worth $44,214,000 after acquiring an additional 435,877 shares during the last quarter. Bank of Montreal Can lifted its position in Vodafone Group Public by 445.7% during the second quarter. Bank of Montreal Can now owns 3,805,044 shares of the cell phone carrier's stock valued at $34,055,000 after purchasing an additional 3,107,734 shares during the last quarter. First Trust Advisors LP increased its stake in Vodafone Group Public by 0.4% during the fourth quarter. First Trust Advisors LP now owns 3,301,869 shares of the cell phone carrier's stock worth $28,726,000 after acquiring an additional 12,826 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in Vodafone Group Public by 345.2% in the second quarter. Hsbc Holdings PLC now owns 3,026,713 shares of the cell phone carrier's stock worth $26,786,000 after purchasing an additional 2,346,815 shares during the period. 7.84% of the stock is currently owned by hedge funds and other 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.