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

StockNews.com cut shares of Vodafone Group Public (NASDAQ:VOD) from a buy rating to a hold rating in a report published on Wednesday morning.

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

Vodafone Group Public Stock Performance

VOD opened at $8.27 on Wednesday. The business’s fifty day simple moving average is $8.44 and its 200 day simple moving average is $9.12. Vodafone Group Public has a 52 week low of $8.00 and a 52 week high of $10.39. 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 Trading of Vodafone Group Public

Institutional investors have recently added to or reduced their stakes in the business. Vise Technologies Inc. lifted its stake in shares of Vodafone Group Public by 55.1% in the 4th quarter. Vise Technologies Inc. now owns 39,892 shares of the cell phone carrier’s stock valued at $339,000 after acquiring an additional 14,176 shares during the last quarter. Pacific Center for Financial Services boosted its stake in shares of Vodafone Group Public by 33.0% during the fourth quarter. Pacific Center for Financial Services now owns 9,794 shares of the cell phone carrier’s stock valued at $83,000 after purchasing an additional 2,428 shares during the period. Voloridge Investment Management LLC bought a new position in shares of Vodafone Group Public in the fourth quarter worth approximately $21,969,000. Waverly Advisors LLC purchased a new position in shares of Vodafone Group Public in the fourth quarter worth $216,000. Finally, Vident Advisory LLC boosted its position in Vodafone Group Public by 84.0% during the 4th quarter. Vident Advisory LLC now owns 58,704 shares of the cell phone carrier’s stock valued at $498,000 after buying an additional 26,804 shares during the period. 7.84% of the stock is currently owned by hedge funds and other 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.