Vodafone Group Public (NASDAQ:VOD) Upgraded to Buy at StockNews.com

Vodafone Group Public (NASDAQ:VOD) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

VOD has been the subject of several other research reports. The Goldman Sachs Group lowered Vodafone Group Public from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. DZ Bank upgraded Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Vodafone Group Public currently has an average rating of “Moderate Buy”.

Vodafone Group Public Price Performance

VOD stock opened at $9.55 on Friday. 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 52-week low of $8.00 and a 52-week high of $10.39. The stock’s 50 day moving average is $8.60 and its two-hundred day moving average is $9.06. The company has a market capitalization of $22.61 billion, a PE ratio of 8.38, a P/E/G ratio of 0.66 and a beta of 0.75.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brucke Financial Inc. acquired a new position in Vodafone Group Public during the 4th quarter valued at approximately $114,000. B. Riley Wealth Advisors Inc. boosted its position in Vodafone Group Public by 7.2% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 30,862 shares of the cell phone carrier’s stock valued at $269,000 after purchasing an additional 2,076 shares during the period. WNY Asset Management LLC boosted its position in Vodafone Group Public by 0.7% during the 4th quarter. WNY Asset Management LLC now owns 350,112 shares of the cell phone carrier’s stock valued at $2,972,000 after purchasing an additional 2,505 shares during the period. Forum Financial Management LP boosted its position in Vodafone Group Public by 34.8% during the 4th quarter. Forum Financial Management LP now owns 27,038 shares of the cell phone carrier’s stock worth $230,000 after acquiring an additional 6,987 shares during the period. Finally, Michels Family Financial LLC acquired a new position in Vodafone Group Public during the 4th quarter worth $743,000. Institutional investors and hedge funds own 7.84% of the company’s stock.

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.