Vodafone Group Public (NASDAQ:VOD) Earns Buy Rating from Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft began coverage on shares of Vodafone Group Public (NASDAQ:VOD) in a research note released on Thursday morning, StockNewsAPI reports. The brokerage issued a buy rating on the cell phone carrier’s stock.

Separately, StockNews.com downgraded shares of Vodafone Group Public from a buy rating to a hold rating in a research note on Monday, May 27th.

Vodafone Group Public Stock Up 2.0 %

Shares of VOD opened at $9.09 on Thursday. Vodafone Group Public has a twelve month low of $8.02 and a twelve month high of $10.19. The company has a 50 day moving average of $8.96 and a 200-day moving average of $8.78. The company has a quick ratio of 1.29, a current ratio of 1.31 and a debt-to-equity ratio of 0.79.

Vodafone Group Public Cuts Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, June 7th will be paid a $0.469 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a dividend yield of 9.6%.

Institutional Trading of Vodafone Group Public

Several institutional investors and hedge funds have recently added to or reduced their stakes in VOD. Foundations Investment Advisors LLC bought a new position in shares of Vodafone Group Public during the 4th quarter worth approximately $88,000. International Assets Investment Management LLC acquired a new position in shares of Vodafone Group Public in the fourth quarter valued at $589,000. Stifel Financial Corp raised its position in shares of Vodafone Group Public by 23.6% in the fourth quarter. Stifel Financial Corp now owns 532,381 shares of the cell phone carrier’s stock valued at $4,632,000 after purchasing an additional 101,553 shares during the period. Mariner LLC lifted its stake in shares of Vodafone Group Public by 8.5% during the 3rd quarter. Mariner LLC now owns 654,662 shares of the cell phone carrier’s stock worth $6,206,000 after buying an additional 51,532 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of Vodafone Group Public by 4.2% during the 4th quarter. Cerity Partners LLC now owns 30,215 shares of the cell phone carrier’s stock worth $263,000 after buying an additional 1,229 shares during the period. 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.