Vodafone Group (VOD) Rating Increased to Buy at BidaskClub

BidaskClub upgraded shares of Vodafone Group (NASDAQ:VOD) from a hold rating to a buy rating in a report published on Tuesday.

Other equities analysts have also issued research reports about the stock. UBS Group reiterated a buy rating on shares of Vodafone Group in a report on Monday, October 2nd. Goldman Sachs Group reiterated a buy rating on shares of Vodafone Group in a report on Thursday, November 23rd. Zacks Investment Research upgraded shares of Vodafone Group from a sell rating to a buy rating and set a $34.00 price target on the stock in a report on Friday, November 17th. Finally, Barclays raised shares of Vodafone Group from an equal weight rating to an overweight rating in a research note on Friday, December 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $32.14.

Shares of Vodafone Group (NASDAQ:VOD) traded down $0.21 during trading hours on Tuesday, hitting $31.44. 3,305,300 shares of the stock were exchanged, compared to its average volume of 2,490,337. The firm has a market capitalization of $83,260.00, a price-to-earnings ratio of -84.97, a PEG ratio of 2.49 and a beta of 0.94. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.46. Vodafone Group has a 52 week low of $24.31 and a 52 week high of $32.75.

The company also recently announced a semiannual dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, November 24th will be paid a dividend of $0.5642 per share. This represents a yield of 3.68%. The ex-dividend date of this dividend is Wednesday, November 22nd. Vodafone Group’s dividend payout ratio is presently -310.81%.

A number of institutional investors and hedge funds have recently bought and sold shares of VOD. Clear Perspective Advisors LLC increased its position in shares of Vodafone Group by 13.8% during the second quarter. Clear Perspective Advisors LLC now owns 3,628 shares of the cell phone carrier’s stock worth $104,000 after acquiring an additional 440 shares in the last quarter. Advisory Services Network LLC increased its position in shares of Vodafone Group by 21.0% during the second quarter. Advisory Services Network LLC now owns 4,433 shares of the cell phone carrier’s stock worth $127,000 after acquiring an additional 768 shares in the last quarter. Ropes Wealth Advisors LLC increased its position in shares of Vodafone Group by 387.8% during the second quarter. Ropes Wealth Advisors LLC now owns 4,654 shares of the cell phone carrier’s stock worth $134,000 after acquiring an additional 3,700 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new stake in shares of Vodafone Group during the third quarter worth about $151,000. Finally, Pacific Center for Financial Services increased its position in shares of Vodafone Group by 9.5% during the second quarter. Pacific Center for Financial Services now owns 5,494 shares of the cell phone carrier’s stock worth $158,000 after acquiring an additional 476 shares in the last quarter. 10.23% of the stock is owned by hedge funds and other institutional investors.

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About Vodafone Group

Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.

Analyst Recommendations for Vodafone Group (NASDAQ:VOD)

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