Vodafone Group Public (NASDAQ:VOD) Downgraded by StockNews.com to Hold

Vodafone Group Public (NASDAQ:VOD - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Saturday.

Several other research analysts have also weighed in on the stock. DZ Bank upgraded shares of Vodafone Group Public from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Vodafone Group Public in a research note on Wednesday. Finally, Bank of America lowered shares of Vodafone Group Public from a "buy" rating to a "neutral" rating in a research report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold".

Vodafone Group Public Trading Up 0.4 %

Vodafone Group Public stock opened at $9.35 on Friday. 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 firm has a market capitalization of $22.13 billion, a price-to-earnings ratio of 8.20, a P/E/G ratio of 0.66 and a beta of 0.58. The company has a 50 day moving average price of $9.07 and a 200 day moving average price of $8.90.

Institutional Investors Weigh In On Vodafone Group Public

Several institutional investors have recently modified their holdings of the business. D. E. Shaw & Co. Inc. lifted its holdings in shares of Vodafone Group Public by 341.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 4,146,322 shares of the cell phone carrier's stock valued at $35,202,000 after purchasing an additional 3,206,506 shares in the last quarter. ABC Arbitrage SA acquired a new stake in Vodafone Group Public in the 4th quarter valued at about $22,646,000. Voloridge Investment Management LLC bought a new position in shares of Vodafone Group Public during the 4th quarter worth approximately $21,969,000. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in shares of Vodafone Group Public by 18.1% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,598,375 shares of the cell phone carrier's stock valued at $123,940,000 after purchasing an additional 2,238,935 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Vodafone Group Public by 177.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,356,455 shares of the cell phone carrier's stock valued at $33,632,000 after acquiring an additional 2,145,085 shares during the period. Institutional investors and hedge funds 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.

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