Vodafone Group Public (NASDAQ:VOD) Shares Up 3.6% – Still a Buy?

Vodafone Group Public Limited (NASDAQ:VOD)’s share price was up 3.6% during trading on Monday . The company traded as high as $8.62 and last traded at $8.67. Approximately 3,455,602 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 8,746,690 shares. The stock had previously closed at $8.36.

Analyst Upgrades and Downgrades

VOD has been the topic of a number of research analyst reports. StockNews.com downgraded Vodafone Group Public from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. The Goldman Sachs Group downgraded Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Vodafone Group Public Trading Up 3.1 %

The company has a market capitalization of $21.88 billion, a price-to-earnings ratio of 7.56, a P/E/G ratio of 0.66 and a beta of 0.78. The company has a 50-day moving average price of $8.42 and a 200-day moving average price of $9.12. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.78.

Hedge Funds Weigh In On Vodafone Group Public

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. D. E. Shaw & Co. Inc. lifted its position in shares of Vodafone Group Public by 341.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 4,146,322 shares of the cell phone carrier’s stock worth $35,202,000 after buying an additional 3,206,506 shares during the period. ABC Arbitrage SA acquired a new stake in shares of Vodafone Group Public in the 4th quarter valued at $22,646,000. Voloridge Investment Management LLC bought a new stake in shares of Vodafone Group Public in the 4th quarter worth about $21,969,000. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings 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 during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Vodafone Group Public by 177.1% in the third quarter. JPMorgan Chase & Co. now owns 3,356,455 shares of the cell phone carrier’s stock valued at $33,632,000 after buying an additional 2,145,085 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.