Vodafone Group Public (NASDAQ:VOD) Reaches New 52-Week High at $10.29

Vodafone Group Public Limited (NASDAQ:VOD) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $10.29 and last traded at $10.27, with a volume of 321424 shares. The stock had previously closed at $9.98.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on VOD shares. Deutsche Bank Aktiengesellschaft initiated coverage on Vodafone Group Public in a research report on Thursday, June 20th. They set a “buy” rating on the stock. StockNews.com raised shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a report on Friday, August 30th. New Street Research upgraded shares of Vodafone Group Public to a “strong-buy” rating in a research note on Monday, July 8th. Finally, UBS Group downgraded Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.45.

Vodafone Group Public Trading Down 2.2 %

The company has a current ratio of 1.31, a quick ratio of 1.29 and a debt-to-equity ratio of 0.79. The business’s 50 day moving average is $9.36 and its two-hundred day moving average is $9.04.

Hedge Funds Weigh In On Vodafone Group Public

A number of hedge funds have recently modified their holdings of VOD. ACR Alpine Capital Research LLC boosted its position in shares of Vodafone Group Public by 1.2% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 21,870,016 shares of the cell phone carrier’s stock valued at $193,987,000 after purchasing an additional 261,060 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in shares of Vodafone Group Public by 9.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 4,984,642 shares of the cell phone carrier’s stock worth $44,214,000 after buying an additional 435,877 shares during the period. Bank of Montreal Can increased its position in shares of Vodafone Group Public by 445.7% in the second quarter. Bank of Montreal Can now owns 3,805,044 shares of the cell phone carrier’s stock worth $34,055,000 after acquiring an additional 3,107,734 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Vodafone Group Public by 0.4% in the 4th quarter. First Trust Advisors LP now owns 3,301,869 shares of the cell phone carrier’s stock valued at $28,726,000 after acquiring an additional 12,826 shares in the last quarter. Finally, Hsbc Holdings PLC grew its position in Vodafone Group Public by 345.2% during the 2nd quarter. Hsbc Holdings PLC now owns 3,026,713 shares of the cell phone carrier’s stock worth $26,786,000 after purchasing an additional 2,346,815 shares in the last quarter. 7.84% of the stock is currently owned by institutional investors and hedge funds.

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.