Vodafone Group Public (NASDAQ:VOD) Downgraded by StockNews.com to Hold

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

Separately, The Goldman Sachs Group lowered Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Vodafone Group Public presently has a consensus rating of “Moderate Buy”.

Vodafone Group Public Trading Down 0.8 %

Shares of NASDAQ:VOD traded down $0.07 during trading on Wednesday, hitting $8.27. The company had a trading volume of 7,337,560 shares, compared to its average volume of 8,972,788. Vodafone Group Public has a one year low of $8.00 and a one year high of $10.39. The company has a fifty day simple moving average of $8.45 and a two-hundred day simple moving average of $9.13. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.34.

Institutional Investors Weigh In On Vodafone Group Public

A number of institutional investors and hedge funds have recently modified their holdings of the business. ACR Alpine Capital Research LLC lifted its stake in shares of Vodafone Group Public by 0.4% during the 4th quarter. ACR Alpine Capital Research LLC now owns 22,006,311 shares of the cell phone carrier’s stock worth $186,834,000 after acquiring an additional 97,636 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised 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 valued at $123,940,000 after purchasing an additional 2,238,935 shares in the last quarter. Renaissance Technologies LLC raised its position in Vodafone Group Public by 2.9% during the 4th 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 in the last quarter. Mediolanum International Funds Ltd bought a new stake in Vodafone Group Public during the 3rd quarter valued at $82,716,000. Finally, Bank of Montreal Can raised its position in Vodafone Group Public by 28.2% during the 4th quarter. Bank of Montreal Can now owns 5,483,837 shares of the cell phone carrier’s stock valued at $46,558,000 after purchasing an additional 1,206,256 shares in the last quarter. 7.84% of the stock is owned by institutional investors.

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.