Vodafone Group Public (NASDAQ:VOD) Cut to “Neutral” at Bank of America

Vodafone Group Public (NASDAQ:VOD) was downgraded by investment analysts at Bank of America from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, Marketbeat.com reports.

A number of other brokerages have also recently issued reports on VOD. StockNews.com upgraded shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. DZ Bank raised shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Finally, The Goldman Sachs Group downgraded 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, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Vodafone Group Public Stock Performance

NASDAQ VOD opened at $9.73 on Monday. The company’s fifty day moving average is $8.75 and its two-hundred day moving average is $9.06. The firm has a market capitalization of $23.03 billion, a price-to-earnings ratio of 8.54, a P/E/G ratio of 0.66 and a beta of 0.75. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.34. Vodafone Group Public has a 52-week low of $8.00 and a 52-week high of $10.39.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings in Vodafone Group Public by 63.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,881 shares of the cell phone carrier’s stock valued at $41,000 after purchasing an additional 1,899 shares in the last quarter. GeoWealth Management LLC grew its holdings in shares of Vodafone Group Public by 258.0% during the fourth quarter. GeoWealth Management LLC now owns 5,180 shares of the cell phone carrier’s stock worth $44,000 after purchasing an additional 3,733 shares during the last quarter. CoreCap Advisors LLC increased its stake in shares of Vodafone Group Public by 509.7% in the fourth quarter. CoreCap Advisors LLC now owns 6,829 shares of the cell phone carrier’s stock valued at $58,000 after buying an additional 5,709 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in Vodafone Group Public by 912.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 7,212 shares of the cell phone carrier’s stock worth $61,000 after buying an additional 6,500 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in Vodafone Group Public by 627.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,651 shares of the cell phone carrier’s stock worth $97,000 after acquiring an additional 8,324 shares during the last quarter. 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.