Vodafone Group Public (NASDAQ:VOD) Downgraded to Neutral Rating by Bank of America

Bank of America lowered shares of Vodafone Group Public (NASDAQ:VOD) from a buy rating to a neutral rating in a research report sent to investors on Monday morning, Marketbeat reports.

Other equities research analysts also recently issued reports about the company. StockNews.com upgraded Vodafone Group Public from a “hold” rating to a “buy” rating in a report on Friday, March 14th. DZ Bank upgraded shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Finally, The Goldman Sachs Group downgraded shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Vodafone Group Public Stock Down 4.5 %

Shares of NASDAQ VOD opened at $9.29 on Monday. The stock has a fifty day moving average price of $8.77 and a 200 day moving average price of $9.05. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.78. Vodafone Group Public has a 12-month low of $8.00 and a 12-month high of $10.39. The company has a market cap of $21.99 billion, a P/E ratio of 8.15, a P/E/G ratio of 0.66 and a beta of 0.75.

Hedge Funds Weigh In On Vodafone Group Public

A number of institutional investors have recently made changes to their positions in VOD. Smartleaf Asset Management LLC lifted its position in shares of Vodafone Group Public by 63.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,881 shares of the cell phone carrier’s stock worth $41,000 after purchasing an additional 1,899 shares during the last quarter. GeoWealth Management LLC lifted its holdings in Vodafone Group Public by 258.0% during the 4th quarter. GeoWealth Management LLC now owns 5,180 shares of the cell phone carrier’s stock worth $44,000 after buying an additional 3,733 shares during the last quarter. CoreCap Advisors LLC grew its position 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 acquiring an additional 5,709 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Vodafone Group Public by 912.9% in the 4th 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 during the last quarter. Finally, Pacific Center for Financial Services raised its position in shares of Vodafone Group Public by 33.0% during the 4th 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 in the last quarter. 7.84% of the stock is 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.