DZ Bank Upgrades Vodafone Group Public (NASDAQ:VOD) to Buy

DZ Bank upgraded shares of Vodafone Group Public (NASDAQ:VOD - Free Report) from a hold rating to a buy rating in a report issued on Friday morning, MarketBeat.com reports.

Several other equities research analysts have also recently commented on the company. StockNews.com raised Vodafone Group Public from a "hold" rating to a "buy" rating in a report on Wednesday. The Goldman Sachs Group cut Vodafone Group Public from a "buy" rating to a "neutral" rating in a report on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

Vodafone Group Public Stock Performance

Shares of VOD traded up $0.41 during mid-day trading on Friday, reaching $9.42. 13,784,614 shares of the company's stock traded hands, compared to its average volume of 6,310,742. The business's 50-day moving average price is $8.51 and its 200-day moving average price is $9.07. The stock has a market capitalization of $23.92 billion, a P/E ratio of 8.26, a price-to-earnings-growth ratio of 0.66 and a beta of 0.75. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.34 and a current ratio of 1.37. Vodafone Group Public has a 12 month low of $8.00 and a 12 month high of $10.39.

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Hedge Funds Weigh In On Vodafone Group Public

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brucke Financial Inc. purchased a new position in Vodafone Group Public during the 4th quarter worth approximately $114,000. B. Riley Wealth Advisors Inc. grew its position in Vodafone Group Public by 7.2% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 30,862 shares of the cell phone carrier's stock worth $269,000 after purchasing an additional 2,076 shares in the last quarter. WNY Asset Management LLC grew its position in Vodafone Group Public by 0.7% during the 4th quarter. WNY Asset Management LLC now owns 350,112 shares of the cell phone carrier's stock worth $2,972,000 after purchasing an additional 2,505 shares in the last quarter. Forum Financial Management LP grew its position in Vodafone Group Public by 34.8% during the 4th quarter. Forum Financial Management LP now owns 27,038 shares of the cell phone carrier's stock worth $230,000 after purchasing an additional 6,987 shares in the last quarter. Finally, Michels Family Financial LLC purchased a new position in shares of Vodafone Group Public during the 4th quarter valued at $743,000. 7.84% of the stock is currently owned by hedge funds and other institutional investors.

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.