Vodafone Group Public (NASDAQ:VOD) Sees Strong Trading Volume - Time to Buy?

Vodafone Group Public Limited (NASDAQ:VOD - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 13,119,670 shares changed hands during trading, an increase of 104% from the previous session's volume of 6,426,329 shares.The stock last traded at $9.52 and had previously closed at $9.16.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on VOD shares. DZ Bank upgraded Vodafone Group Public from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. The Goldman Sachs Group downgraded Vodafone Group Public from a "buy" rating to a "neutral" rating in a research report on Monday, December 9th. Finally, StockNews.com upgraded Vodafone Group Public from a "hold" rating to a "buy" rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

Vodafone Group Public Stock Up 2.4 %

The stock has a 50-day simple moving average of $8.60 and a two-hundred day simple moving average of $9.06. The firm has a market cap of $23.14 billion, a PE ratio of 8.58, a P/E/G ratio of 0.66 and a beta of 0.75. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.78.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its stake in shares of Vodafone Group Public by 63.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,881 shares of the cell phone carrier's stock worth $41,000 after purchasing an additional 1,899 shares during the last quarter. GeoWealth Management LLC grew its stake in shares of Vodafone Group Public by 258.0% in the fourth quarter. GeoWealth Management LLC now owns 5,180 shares of the cell phone carrier's stock worth $44,000 after purchasing an additional 3,733 shares during the last quarter. CoreCap Advisors LLC grew its stake in shares of Vodafone Group Public by 509.7% in the fourth quarter. CoreCap Advisors LLC now owns 6,829 shares of the cell phone carrier's stock worth $58,000 after purchasing an additional 5,709 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Vodafone Group Public by 912.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 7,212 shares of the cell phone carrier's stock worth $61,000 after purchasing an additional 6,500 shares during the last quarter. Finally, Pacific Center for Financial Services grew its stake in shares of Vodafone Group Public by 33.0% in the fourth quarter. Pacific Center for Financial Services now owns 9,794 shares of the cell phone carrier's stock worth $83,000 after purchasing an additional 2,428 shares during the last quarter. 7.84% of the stock is owned by 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.