Vodafone Group (VOD) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of Vodafone Group (NASDAQ:VOD) from a market perform rating to a strong-buy rating in a report released on Wednesday, MarketBeat Ratings reports.

A number of other equities analysts have also recently weighed in on VOD. UBS Group reaffirmed a buy rating on shares of Vodafone Group in a research note on Monday, October 2nd. BidaskClub cut shares of Vodafone Group from a hold rating to a sell rating in a research note on Tuesday, October 10th. Zacks Investment Research cut shares of Vodafone Group from a strong-buy rating to a hold rating in a research note on Wednesday, October 18th. Goldman Sachs Group reaffirmed a buy rating on shares of Vodafone Group in a research note on Thursday, November 23rd. 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 research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Vodafone Group currently has an average rating of Buy and an average target price of $32.14.

Vodafone Group (NASDAQ:VOD) traded up $0.26 during trading hours on Wednesday, hitting $31.58. 6,603,568 shares of the stock were exchanged, compared to its average volume of 3,670,725. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.95 and a current ratio of 0.96. Vodafone Group has a fifty-two week low of $24.31 and a fifty-two week high of $32.75. The firm has a market cap of $84,440.00, a PE ratio of -83.11, a PEG ratio of 2.30 and a beta of 0.94.

The business also recently declared a semiannual dividend, which will be paid on Friday, February 2nd. Stockholders of record on Friday, November 24th will be paid a dividend of $0.5642 per share. The ex-dividend date is Wednesday, November 22nd. This represents a dividend yield of 3.68%. Vodafone Group’s dividend payout ratio (DPR) is presently -302.63%.

Several large investors have recently bought and sold shares of the company. Clear Perspective Advisors LLC boosted its position in shares of Vodafone Group by 13.8% in the 2nd quarter. Clear Perspective Advisors LLC now owns 3,628 shares of the cell phone carrier’s stock worth $104,000 after buying an additional 440 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Vodafone Group by 21.0% in the 2nd quarter. Advisory Services Network LLC now owns 4,433 shares of the cell phone carrier’s stock worth $127,000 after buying an additional 768 shares in the last quarter. Ropes Wealth Advisors LLC boosted its position in shares of Vodafone Group by 387.8% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 4,654 shares of the cell phone carrier’s stock worth $134,000 after buying an additional 3,700 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new stake in shares of Vodafone Group in the 3rd quarter worth about $151,000. Finally, Bank of Nova Scotia Trust Co. purchased a new stake in shares of Vodafone Group in the 3rd quarter worth about $172,000. 10.23% of the stock is currently owned by institutional investors and hedge funds.

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Vodafone Group Company Profile

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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