Vodafone Group (NASDAQ:VOD) Upgraded to Buy at BidaskClub

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BidaskClub upgraded shares of Vodafone Group (NASDAQ:VOD) from a hold rating to a buy rating in a report released on Tuesday, July 30th, BidAskClub reports.

Several other equities analysts have also recently issued reports on VOD. Zacks Investment Research upgraded shares of Vodafone Group from a sell rating to a hold rating in a research note on Wednesday, June 26th. HSBC raised shares of Vodafone Group from a hold rating to a buy rating and set a $15.99 price target for the company in a research report on Friday, May 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $23.30.

Shares of Vodafone Group stock opened at $17.89 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.55 and a quick ratio of 1.52. The stock has a market cap of $48.13 billion, a price-to-earnings ratio of 29.82, a PEG ratio of 1.37 and a beta of 0.82. The firm’s 50-day moving average is $17.09 and its 200 day moving average is $17.51. Vodafone Group has a 1 year low of $15.53 and a 1 year high of $23.25.

The company also recently announced a dividend, which was paid on Friday, August 2nd. Stockholders of record on Friday, June 7th were given a dividend of $0.454 per share. The ex-dividend date was Thursday, June 6th. Vodafone Group’s dividend payout ratio is currently 151.67%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its position in Vodafone Group by 13.2% in the second quarter. Renaissance Technologies LLC now owns 23,640,311 shares of the cell phone carrier’s stock worth $386,046,000 after buying an additional 2,765,455 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Vodafone Group by 196.0% in the second quarter. JPMorgan Chase & Co. now owns 8,312,614 shares of the cell phone carrier’s stock worth $135,163,000 after buying an additional 5,504,606 shares during the last quarter. ACR Alpine Capital Research LLC lifted its position in Vodafone Group by 2.4% in the second quarter. ACR Alpine Capital Research LLC now owns 8,253,096 shares of the cell phone carrier’s stock worth $134,773,000 after buying an additional 191,845 shares during the last quarter. Altrinsic Global Advisors LLC lifted its position in Vodafone Group by 8.2% in the first quarter. Altrinsic Global Advisors LLC now owns 6,298,764 shares of the cell phone carrier’s stock worth $114,511,000 after buying an additional 477,670 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in Vodafone Group by 118.0% in the fourth quarter. Deutsche Bank AG now owns 3,674,751 shares of the cell phone carrier’s stock worth $70,845,000 after buying an additional 1,989,173 shares during the last quarter. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Vodafone Group Company Profile

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

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Analyst Recommendations for Vodafone Group (NASDAQ:VOD)

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