Vodafone Group (VOD) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Vodafone Group (NASDAQ:VOD) from a buy rating to a sell rating in a report published on Friday, Zacks.com reports.

According to Zacks, “Vodafone AirTouch Plc is the world’s largest international mobile communications firm. Their primary operation is in digital and analog cellular telephone networks of Vodafone. “

A number of other brokerages have also recently issued reports on VOD. BidaskClub cut Vodafone Group from a hold rating to a sell rating in a research note on Thursday, January 17th. BNP Paribas reiterated a neutral rating on shares of Vodafone Group in a research note on Friday, March 8th. Argus lowered their price objective on Vodafone Group to $21.00 and set a buy rating for the company in a research note on Wednesday, March 13th. Exane BNP Paribas cut Vodafone Group from an outperform rating to a neutral rating in a research note on Friday, March 8th. Finally, Bank of America upgraded Vodafone Group from a neutral rating to a buy rating and set a $18.50 price objective for the company in a research note on Wednesday, February 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Vodafone Group has a consensus rating of Buy and an average price target of $25.13.

NASDAQ VOD opened at $18.61 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.27 and a current ratio of 1.30. Vodafone Group has a twelve month low of $17.05 and a twelve month high of $30.20. The company has a market cap of $48.92 billion, a P/E ratio of 13.68, a PEG ratio of 1.76 and a beta of 0.72.

Hedge funds have recently bought and sold shares of the company. Northstar Investment Advisors LLC raised its stake in shares of Vodafone Group by 2.4% in the first quarter. Northstar Investment Advisors LLC now owns 140,242 shares of the cell phone carrier’s stock worth $2,550,000 after purchasing an additional 3,283 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Vodafone Group in the first quarter worth $2,798,000. Rehmann Capital Advisory Group grew its holdings in shares of Vodafone Group by 62.8% in the fourth quarter. Rehmann Capital Advisory Group now owns 9,162 shares of the cell phone carrier’s stock worth $177,000 after acquiring an additional 3,533 shares during the period. Advisors Capital Management LLC grew its holdings in shares of Vodafone Group by 19.6% in the fourth quarter. Advisors Capital Management LLC now owns 763,300 shares of the cell phone carrier’s stock worth $14,716,000 after acquiring an additional 125,125 shares during the period. Finally, Armor Investment Advisors LLC grew its holdings in shares of Vodafone Group by 28.8% in the fourth quarter. Armor Investment Advisors LLC now owns 31,784 shares of the cell phone carrier’s stock worth $613,000 after acquiring an additional 7,100 shares during the period. Hedge funds and other institutional investors own 8.35% of the company’s stock.

Vodafone Group Company Profile

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

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