Vodafone Group Public (NASDAQ:VOD) Shares Gap Up - Should You Buy?

Vodafone Group Public Limited (NASDAQ:VOD - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $9.12, but opened at $9.46. Vodafone Group Public shares last traded at $9.34, with a volume of 1,094,496 shares changing hands.

Analyst Upgrades and Downgrades

VOD has been the topic of a number of research analyst reports. Bank of America downgraded shares of Vodafone Group Public from a "buy" rating to a "neutral" rating in a research note on Monday, March 24th. The Goldman Sachs Group downgraded Vodafone Group Public from a "buy" rating to a "neutral" rating in a report on Monday, December 9th. DZ Bank upgraded Vodafone Group Public from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Finally, StockNews.com downgraded shares of Vodafone Group Public from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Vodafone Group Public has an average rating of "Moderate Buy".

Vodafone Group Public Stock Down 9.3 %

The business's fifty day moving average price is $8.92 and its two-hundred day moving average price is $9.01. 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 $20.12 billion, a P/E ratio of 7.46, a PEG ratio of 0.66 and a beta of 0.58.

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Institutional Investors Weigh In On Vodafone Group Public

Several institutional investors have recently bought and sold shares of VOD. ACR Alpine Capital Research LLC boosted its position in shares of Vodafone Group Public by 0.4% in the 4th quarter. ACR Alpine Capital Research LLC now owns 22,006,311 shares of the cell phone carrier's stock worth $186,834,000 after purchasing an additional 97,636 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in 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 worth $123,940,000 after acquiring an additional 2,238,935 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Vodafone Group Public by 2.9% during the fourth quarter. Renaissance Technologies LLC now owns 9,027,376 shares of the cell phone carrier's stock worth $76,642,000 after acquiring an additional 255,623 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Vodafone Group Public by 28.2% during the fourth quarter. Bank of Montreal Can now owns 5,483,837 shares of the cell phone carrier's stock valued at $46,558,000 after acquiring an additional 1,206,256 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Vodafone Group Public by 12.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 5,429,784 shares of the cell phone carrier's stock worth $46,099,000 after purchasing an additional 601,151 shares in the last quarter. 7.84% of the stock is currently owned by institutional investors and hedge funds.

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.