Vodafone Group Public (NASDAQ:VOD) Shares Gap Down - Should You Sell?

Vodafone Group Public Limited (NASDAQ:VOD - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $9.73, but opened at $9.45. Vodafone Group Public shares last traded at $9.36, with a volume of 2,396,162 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group lowered shares of Vodafone Group Public from a "buy" rating to a "neutral" rating in a report on Monday, December 9th. Bank of America downgraded Vodafone Group Public from a "buy" rating to a "neutral" rating in a research note on Monday. DZ Bank raised Vodafone Group Public from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. Finally, StockNews.com cut Vodafone Group Public from a "buy" rating to a "hold" rating in a report on Monday. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Vodafone Group Public currently has a consensus rating of "Moderate Buy".

Vodafone Group Public Price Performance

The firm has a market cap of $22.45 billion, a price-to-earnings ratio of 8.33, a P/E/G ratio of 0.66 and a beta of 0.75. The business has a 50 day simple moving average of $8.83 and a 200-day simple moving average of $9.05. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.34 and a current ratio of 1.37.

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Hedge Funds Weigh In On Vodafone Group Public

Several large investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC raised its holdings 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 valued at $41,000 after purchasing an additional 1,899 shares during the last quarter. GeoWealth Management LLC increased its stake in Vodafone Group Public by 258.0% in the 4th quarter. GeoWealth Management LLC now owns 5,180 shares of the cell phone carrier's stock valued at $44,000 after buying an additional 3,733 shares during the last quarter. CoreCap Advisors LLC boosted its stake in shares of Vodafone Group Public by 509.7% in the 4th quarter. CoreCap Advisors LLC now owns 6,829 shares of the cell phone carrier's stock worth $58,000 after buying an additional 5,709 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings 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 valued at $61,000 after acquiring an additional 6,500 shares in the last quarter. Finally, Pacific Center for Financial Services increased its position in shares of Vodafone Group Public by 33.0% during the fourth quarter. Pacific Center for Financial Services now owns 9,794 shares of the cell phone carrier's stock valued at $83,000 after acquiring an additional 2,428 shares during the last quarter. 7.84% of the stock is currently 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.