Zacks Investment Research downgraded shares of Vodafone Group (NASDAQ:VOD) from a buy rating to a hold rating in a research report released on Sunday.
According to Zacks, “Vodafone AirTouch Plc is the world’s largest international mobile communications firm. Their primary operation is in digital and analog cellular telephone networks of Vodafone. “
Several other equities research analysts have also recently issued reports on the stock. Barclays upgraded shares of Vodafone Group from an equal weight rating to an overweight rating in a research report on Friday, December 8th. UBS Group reiterated a buy rating on shares of Vodafone Group in a research report on Friday, October 27th. Goldman Sachs Group reiterated a buy rating on shares of Vodafone Group in a research report on Thursday, November 23rd. BidaskClub cut shares of Vodafone Group from a hold rating to a sell rating in a research report on Tuesday, October 10th. Finally, Raymond James Financial upgraded shares of Vodafone Group from a market perform rating to a strong-buy rating in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Vodafone Group currently has an average rating of Buy and an average target price of $32.14.
The business also recently declared a semiannual dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, November 24th will be given a dividend of $0.5642 per share. This represents a dividend yield of 3.68%. The ex-dividend date of this dividend is Wednesday, November 22nd. Vodafone Group’s dividend payout ratio is presently -302.63%.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Quantitative Systematic Strategies LLC acquired a new position in shares of Vodafone Group in the third quarter valued at approximately $1,316,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Vodafone Group by 47.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,013,916 shares of the cell phone carrier’s stock valued at $86,590,000 after purchasing an additional 975,277 shares in the last quarter. FDx Advisors Inc. grew its holdings in shares of Vodafone Group by 7.6% in the third quarter. FDx Advisors Inc. now owns 173,979 shares of the cell phone carrier’s stock valued at $4,951,000 after purchasing an additional 12,304 shares in the last quarter. Cetera Investment Advisers acquired a new position in shares of Vodafone Group in the second quarter valued at approximately $1,456,000. Finally, Cable Hill Partners LLC acquired a new position in shares of Vodafone Group in the third quarter valued at approximately $343,000. Institutional investors and hedge funds own 10.24% of the company’s stock.
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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.
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