Vodafone Group Public (NASDAQ:VOD) Rating Lowered to Hold at StockNews.com

Vodafone Group Public (NASDAQ:VOD) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Several other brokerages have also issued reports on VOD. The Goldman Sachs Group lowered shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Bank of America cut Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday. Finally, DZ Bank raised Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Four equities research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Vodafone Group Public Stock Performance

Shares of VOD stock opened at $9.35 on Monday. The stock has a 50-day moving average of $8.79 and a 200-day moving average of $9.05. Vodafone Group Public has a one year low of $8.00 and a one year high of $10.39. The stock has a market cap of $22.13 billion, a PE ratio of 8.20, 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 current ratio of 1.37 and a quick ratio of 1.34.

Hedge Funds Weigh In On Vodafone Group Public

A number of large investors have recently added to or reduced their stakes in the company. ACR Alpine Capital Research LLC boosted its position in shares of Vodafone Group Public by 0.4% during the fourth quarter. ACR Alpine Capital Research LLC now owns 22,006,311 shares of the cell phone carrier’s stock worth $186,834,000 after buying an additional 97,636 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its position in Vodafone Group Public by 18.1% during the 4th 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 during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Vodafone Group Public by 2.9% in the fourth quarter. Renaissance Technologies LLC now owns 9,027,376 shares of the cell phone carrier’s stock valued at $76,642,000 after purchasing an additional 255,623 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Vodafone Group Public by 28.2% in the fourth quarter. Bank of Montreal Can now owns 5,483,837 shares of the cell phone carrier’s stock worth $46,558,000 after purchasing an additional 1,206,256 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Vodafone Group Public by 12.4% during the fourth 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 during the last quarter. Institutional investors own 7.84% of the company’s stock.

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.