Vodafone Group Public’s (VOD) “Underweight” Rating Reiterated at JPMorgan Chase & Co.

Vodafone Group Public (NASDAQ:VOD)‘s stock had its “underweight” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a research note issued on Wednesday,Benzinga reports.

A number of other equities analysts have also recently weighed in on VOD. DZ Bank raised Vodafone Group Public from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Bank of America cut shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, March 24th. Finally, StockNews.com upgraded Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Friday, April 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Vodafone Group Public has a consensus rating of “Moderate Buy”.

Vodafone Group Public Trading Up 3.8 %

Shares of VOD stock opened at $9.58 on Wednesday. The firm has a market cap of $22.68 billion, a P/E ratio of 8.40, a PEG ratio of 0.66 and a beta of 0.58. The company has a 50 day moving average of $9.02 and a 200-day moving average of $8.90. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.78. Vodafone Group Public has a 12-month low of $8.00 and a 12-month high of $10.39.

Institutional Trading of Vodafone Group Public

Several institutional investors and hedge funds have recently modified their holdings of the stock. 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 purchasing an additional 97,636 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in Vodafone Group Public by 18.1% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,598,375 shares of the cell phone carrier’s stock worth $123,940,000 after purchasing an additional 2,238,935 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Vodafone Group Public by 2.9% during the fourth quarter. Renaissance Technologies LLC now owns 9,027,376 shares of the cell phone carrier’s stock valued at $76,642,000 after buying an additional 255,623 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in Vodafone Group Public by 18.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 5,998,450 shares of the cell phone carrier’s stock worth $56,205,000 after acquiring an additional 944,189 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Vodafone Group Public by 28.2% in the fourth 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 during the period. Institutional investors own 7.84% of the company’s stock.

About Vodafone Group Public

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.